About Docyt
Docyt is a company based in Mountain View (United States) founded in 2016. Docyt has raised $25 million across 3 funding rounds from investors including Lobby Capital, First Rays Venture Partners and Morado Ventures. The company has 141 employees. Docyt offers products and services including Docyt Copilot, GARY AI Agent, and Accounting Workflows. Docyt operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Annual Revenue₹33.77 Cr
FY 2025 · +86% YoY
- Net Profit₹3.03 Cr
FY 2025 · 9% margin
- EBITDA₹4.66 Cr
FY 2025 · 14% margin
- Total Equity Funding$25M (USD)
in 3 rounds
- Latest Funding Round$12M (USD), Series A
Aug 2025
- InvestorsLobby Capital
& 3 more
- Employee Count141
Associated legal entities of Docyt
Docyt operates through Docyt India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Docyt India Private Limited CIN U72900DL2022FTC401325 | Active | 06 Jul 2022 | New Delhi, Delhi | ₹33.8 Cr | 141 | 2 | View details |
Products & Services of Docyt
Docyt offers a comprehensive portfolio of products and services, including Docyt Copilot, GARY AI Agent, and Accounting Workflows.
Accelerates book review and detects financial anomalies efficiently.
Automates task assignment and supports accrual bookkeeping processes.
Manages expenses, revenue, and month-end closing for businesses.
Apps and channels of Docyt
Docyt publishes 2 mobile apps with over 1K+ downloads; its YouTube channel Docyt has 667 subscribers and 30 videos.
Videos from Docyt
The most watched videos on Docyt's YouTube channel, Docyt (667 subscribers). Click a video to play it here.
More on Docyt.
Funding Insights of Docyt
Docyt has successfully raised a total of $25M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in August 2025. 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 $25M
- Total Rounds 3
- Last Round Series A — $12M
- First Round $1.5M
(Feb 2021)
- Investors Count 4
All 3 funding rounds of Docyt with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | $12M | Series A | – | Pivot Investment Partners | – |
| Apr 2022 | $11.5M | Series A | – | Lobby Capital | |
| Feb 2021 | $1.5M | Seed | – | First Rays Venture Partners |
4 investors in total: 4 institutional.
Investors in Docyt
Docyt has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Lobby Capital, First Rays Venture Partners and Morado Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Lobby Capital is engaged in funding innovative tech startups. | – | lobby.vc | Palo Alto, United States | |
A specialized seed fund is operated for enterprise infrastructure startups. | – | firstraysvc.com | - | |
US based VC firm investing in seed stage | – | moradoventures.com | San Francisco, United States | |
Venture capital is invested in FinTech sectors by the firm. | – | pivotinvestment.com | New York, United States |
Investor details for Docyt
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Docyt India Private Limited (Docyt)
Docyt India Private Limited is the primary company behind Docyt. The board of Docyt India Private Limited currently have 2 directors; the longest-serving is Manmeet Kaur, appointed in 2022. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manmeet Kaur DIN 09801559 | Director | 01 Dec 2022 | 3 yrs 10 mo | Docyt India Private Limited |
| Sidharth Saxena DIN 09833260 | Director | 22 Dec 2022 | 3 yrs 9 mo | Docyt India Private Limited |
People of Docyt
20 people are tracked at Docyt (7 in leadership, 13 in team); the tracked headcount is 141.
| Name | Role | Group |
|---|---|---|
Sugam Pandey | CTO & Co-founder | Leadership |
Sid Saxena | CEO & Co-founder | Leadership |
Baglan Rhymes | Chief Marketing Officer | Leadership |
Andrey Chernykh | Director of Engineering | Leadership |
Shashwat S. | Director Of Engineering | Leadership |
Adil Hafiz | Director Of Product Management | Leadership |
| Managing Director | Leadership | |
Sunny Kumar | Senior Product Designer | Team |
neha sharma | QA Engineer | Team |
Shivdhwaj Pandey | Engineering Manager | Team |
Vivek Jain | Team Lead | Team |
Tedi Brajadentas | Principal Member Of Technical Staff | Team |
Akanksha Modi | User Acceptance Testing Analyst | Team |
Shahnawaz Javed | Design Manager | Team |
Wang Bing | Data Scientist and AI Engineer | Team |
Aseem Gupta | Senior Manager, Marketing Operations | Team |
ashish tripathi | Team Lead | Team |
Diksha Singh | Senior Member Of Technical Staff | Team |
Kanchan Singh | QA Software Test Engineer | Team |
Divyanshu Sharma | Senior Member Of Technical Staff | Team |
Complete people profiles for Docyt
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Docyt
Figures of Docyt India Private Limited, the primary company behind Docyt, for FY 2025. Revenue was ₹33.77 Cr (+86% year on year). Net profit was ₹3.03 Cr (9% margin). EBITDA was ₹4.66 Cr (14% margin).
- ₹33.77 CrRevenue · FY 2025 · +86% YoY
- ₹3.03 CrNet profit · 9% margin
- ₹4.66 CrEBITDA · 14% margin
- ₹10 LakhPaid-up capital
- 141Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Docyt India Private Limited are on its company page.
Detailed financial statements for Docyt
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Docyt
3 dated milestones of Docyt across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Docyt is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series A, of $12.0M.
Competitors of Docyt
Docyt 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 Intuit, Visma, Xero, Wave and FreshBooks, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| visma.com | 1996 | Oslo, Norway | $198.09M | – | Cloud-based ERP software is provided for business management across segments. | |
| xero.com | 2006 | Wellington, New Zealand | – | 347 | Cloud-based accounting and payment management is offered for small businesses. | |
| waveapps.com | 2010 | Toronto, Canada | $82.4M | – | Web-based accounting software is offered for business use. | |
| freshbooks.com | 2003 | Toronto, Canada | $153.75M | 613 | Cloud-based invoicing and accounting software is offered for businesses. | |
| freeagent.com | 2007 | Edinburgh, United Kingdom | $21.89M | 264 | Cloud-based accounting software is provided for small businesses and freelancers. | |
| clear.in | 2011 | Bengaluru, India | $140.42M | – | Technology-enabled accounting and finance solutions are offered for SMBs. | |
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. | |
| found.com | 2019 | San Francisco, United States | $118.75M | 35 | Accounting and bookkeeping solutions are provided for small businesses. | |
| myob.com | 1991 | Cremorne, Australia | – | – | Cloud-based accounting and ERP software is provided for businesses. |
Detailed competitors of Docyt
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Docyt
The website of Docyt (docyt.com) receives about 18.1K visits a month.
- Monthly visits18.1K
▲ 20% vs previous month
Websites whose visitors overlap most with Docyt. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zeni.ai | 100% | 95.8K | #379,941 | View details | |
| ottimate.com | 92% | 29.8K | #1,014,819 | View details | |
| adaptive.build | 90% | 50.3K | #359,079 | View details | |
| datarails.com | 88% | 262.5K | #150,046 | View details | |
| brex.com | 86% | 919.8K | #37,270 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 36 similar websites and full traffic analytics for Docyt
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 36 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Docyt
Complete news archive for Docyt
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Docyt
10 companies that operate in the same segment as Docyt (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about Docyt
Docyt was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Docyt is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Docyt is a funded company, having raised a total of $25M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Feb 2021.
Docyt has 141 employees.
The primary company behind Docyt, Docyt India Private Limited, reported revenue of ₹33.77 Cr for FY 2025, up 86% year on year.
Docyt was founded in 2016 in Mountain View, United States, within the fintech sector. Mobile app and cloud-based tools are utilized for bookkeeping and financial management. Key services encompass AI-powered receipt scanning, data extraction, transaction matching, bill payments, revenue tracking, expense reporting, real-time analytics, and automated reconciliation. Availability extends to iOS and Android platforms for business users.
Docyt offers Docyt Copilot, GARY AI Agent, and Accounting Workflows.
Docyt has 4 investors. Key investors include Lobby Capital, First Rays Venture Partners, Morado Ventures, and Pivot Investment Partners.
Docyt operates through Docyt India Private Limited.
The legal entities of Docyt currently have 2 directors, including Manmeet Kaur, Sidharth Saxena.
Yes. Docyt publishes Docyt: Real-Time Bookkeeping and 1 more app, with over 1,000 downloads.