About Discover Dollar
Discover Dollar is a company based in Bengaluru (India) founded in 2012 by Subhashini Nattoji Shyara.. Discover Dollar has raised $30 thousand across 3 funding rounds from investors including MXcel, Target Accelerator Program and Axilor Accelerator. The company has 38 employees as of April 02, 2024. Discover Dollar offers products and services including Recovery as a Service, Accounts Payable Recovery Audit, and Discover Dollar Shield. Discover Dollar operates in a competitive market with competitors including BlackLine, Clear, Wolters Kluwer, Digits and HighRadius, among others.
- Headquarter Bengaluru, India
- Employees 38 as on 02 Apr, 2024
- Founders Subhashini Nattoji Shyara
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Discover Dollar Technologies Private Limited
- Date of Incorporation 13 Jun, 2014
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$7.02 (USD)-100as on Mar 31, 2022
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Net Profit
$0.56 (USD)-99.99as on Mar 31, 2022
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EBITDA
$1.31 (USD)-99.99as on Mar 31, 2022
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Total Equity Funding
$30 K (USD)
in 3 rounds
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Latest Funding Round
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Investors
MXcel
& 2 more
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Employee Count
38
as on Apr 02, 2024
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Products & Services of Discover Dollar
Discover Dollar offers a comprehensive portfolio of products and services, including Recovery as a Service, Accounts Payable Recovery Audit, and Discover Dollar Shield. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service to recover financial overpayments and leakages.
Audit tool to detect errors in accounts payable processes.
Platform for uncovering hidden savings in AP spend.
Unlock access to complete
Funding Insights of Discover Dollar
Discover Dollar has successfully raised a total of $30K across 3 strategic funding rounds. 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 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Seed - Discover Dollar | Valuation | MXcel |
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| Nov, 2015 | Amount | Seed - Discover Dollar | Valuation | Target Accelerator Program |
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| Jun, 2015 | Amount | Seed - Discover Dollar | Valuation | Axilor Accelerator |
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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 Discover Dollar
Discover Dollar has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include MXcel, Target Accelerator Program and Axilor Accelerator. 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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Startups across sectors are accelerated by MXcel in Germany.
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Founded Year | Domain | Location | |
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Retail industry focused accelerator program
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Founded Year | Domain | Location | |
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Tech startups are supported via VC-backed acceleration programs.
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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 Discover Dollar
| 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 - Discover Dollar
| 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 |
Discover Dollar Comparisons
Competitors of Discover Dollar
Discover Dollar 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 BlackLine, Clear, Wolters Kluwer, Digits and HighRadius, 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 |
AI-based accounting processes are automated for businesses.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Enterprise legal processes are managed via an AI-powered platform.
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| domain | founded_year | HQ Location |
SMS-based customer authentication and verification services are provided across platforms.
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| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Cloud-based transaction management and reconciliation solutions are offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Discover Dollar
Frequently Asked Questions about Discover Dollar
When was Discover Dollar founded?
Discover Dollar was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Discover Dollar located?
Discover Dollar is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Discover Dollar a funded company?
Discover Dollar is a funded company, having raised a total of $30K across 3 funding rounds to date.
How many employees does Discover Dollar have?
As of Apr 02, 2024, the latest employee count at Discover Dollar is 38.
What is the annual revenue of Discover Dollar?
Annual revenue of Discover Dollar is $7.02 as on Mar 31, 2022.
What does Discover Dollar do?
Founded in 2012 and based in Bengaluru, India, the company operates in the financial technology sector. AI-driven tools are provided to address overpayments and revenue leakages across functions such as finance, accounting, internal audit, merchandising, procurement, and shared services. Services include recovery audits, contract compliance audits, spend intelligence, and deduction management, enabling businesses to identify savings opportunities and enhance financial oversight.
Who are the top competitors of Discover Dollar?
What products or services does Discover Dollar offer?
Discover Dollar offers Recovery as a Service, Accounts Payable Recovery Audit, and Discover Dollar Shield.
Who are Discover Dollar's investors?
Discover Dollar has 3 investors. Key investors include MXcel, Target Accelerator Program, and Axilor Accelerator.