About DhanLAP
DhanLAP is a company based in Chennai (India) founded in 2020 by C R Chandrasekar.. DhanLAP has raised $1.15 million across 2 funding rounds from investors including Quantum Advis, Ravi Sundararajan and Swaminath Rajagopal. DhanLAP operates in a competitive market with competitors including Yuanbao, Weidai, Ocean Finance, Mnzl and FundingSecure, among others.
- Headquarter Chennai, India
- Founders C R Chandrasekar
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ark Neo Financial Services Private Limited
- Date of Incorporation 30 Mar, 2020
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$38.89 K (USD)54.77as on Mar 31, 2024
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Net Profit
$-237.04 K (USD)-78.26as on Mar 31, 2024
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EBITDA
$-190.02 K (USD)-32.81as on Mar 31, 2024
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Total Equity Funding
$1.15 M (USD)
in 2 rounds
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Latest Funding Round
$877.05 K (USD), Seed
Jul 26, 2022
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Investors
Quantum Advis
& 2 more
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Employee Count
Employee Count
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Funding Insights of DhanLAP
DhanLAP has successfully raised a total of $1.15M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $877.05 thousand completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $877,051
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First Round
First Round
(05 Apr 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Seed - DhanLAP | Valuation | Quantum Advis |
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| Apr, 2021 | Amount | Angel Round - DhanLAP | Valuation | Ravi Sundararajan , Swaminath Rajagopal |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DhanLAP
DhanLAP has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Quantum Advis, Ravi Sundararajan and Swaminath Rajagopal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment advisory and research services are provided globally.
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Founded Year | Domain | Location | |
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RS
Ravi Sundararajan |
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Founded Year | Domain | Location |
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SR
Swaminath Rajagopal |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DhanLAP
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DhanLAP
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dhanlap Comparisons
Competitors of DhanLAP
DhanLAP operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yuanbao, Weidai, Ocean Finance, Mnzl and FundingSecure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online digital currency as a collateral-based P2P lending platform
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| domain | founded_year | HQ Location |
P2P lending secured by automobiles is offered in China.
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| domain | founded_year | HQ Location |
Personal and homeowner loans are brokered online for UK residents.
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| domain | founded_year | HQ Location |
Digital wallet platform offering asset-backed loans
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| domain | founded_year | HQ Location |
Asset-backed personal loans are funded via an online P2P platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about DhanLAP
When was DhanLAP founded?
DhanLAP was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is DhanLAP located?
DhanLAP is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of DhanLAP?
C R Chandrasekar is the current CEO of DhanLAP. They have also founded this company.
Is DhanLAP a funded company?
DhanLAP is a funded company, having raised a total of $1.15M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $271.97K, raised on Apr 05, 2021.
What is the annual revenue of DhanLAP?
Annual revenue of DhanLAP is $38.89K as on Mar 31, 2024.
What does DhanLAP do?
DhanLAP was founded in 2020 in Chennai, India, within the fintech sector. A digital marketplace is operated to facilitate asset-backed loans. Collateral options such as gold, mutual fund investments, insurance policies, and stocks are accepted from users. Loan applications are processed after details and supporting documents are submitted, enabling access to credit based on provided assets.
Who are the top competitors of DhanLAP?
DhanLAP's top competitors include Yuanbao, Weidai and Ocean Finance.
Who are DhanLAP's investors?
DhanLAP has 3 investors. Key investors include Quantum Advis, Ravi Sundararajan, and Swaminath Rajagopal.
What is DhanLAP's valuation?
The valuation of DhanLAP is $3.39M as of Jul 2022.