About Ecobillz
Ecobillz is a company based in Belgaum (India) founded in 2016 by Ameet Patil and Nitesh Singh Rathore.. Ecobillz has raised $225.17 thousand across 3 funding rounds from investors including 92 Angels, Ghosal Ventures and Rachna Aggarwal. The company has 21 employees as of March 30, 2024. Ecobillz offers products and services including Digitization Platform, Automated Income Audits, and Document Management System. Ecobillz operates in a competitive market with competitors including Simetrik, Duco, Uniqus, Trintech and Curlec, among others.
- Headquarter Belgaum, India
- Employees 21 as on 30 Mar, 2024
- Founders Ameet Patil, Nitesh Singh Rathore
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ecobillz Private Limited
- Date of Incorporation 30 Sep, 2016
- Jurisdiction Belagavi, Karnataka, India
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Annual Revenue
$622.41 K (USD)51.92as on Mar 31, 2023
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Net Profit
$189.79 K (USD)49.46as on Mar 31, 2023
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EBITDA
$324.29 K (USD)41.02as on Mar 31, 2023
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Total Equity Funding
$225.17 K (USD)
in 3 rounds
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Latest Funding Round
$174.04 K (USD), Seed
Jul 23, 2019
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Investors
92 Angels
& 13 more
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Employee Count
21
as on Mar 30, 2024
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Products & Services of Ecobillz
Ecobillz offers a comprehensive portfolio of products and services, including Digitization Platform, Automated Income Audits, and Document Management System. 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.
Automates business processes and finances without integration.
Performs rule-based audits and reconciliations for transactions.
Centralizes and categorizes documents from various sources.
Funding Insights of Ecobillz
Ecobillz has successfully raised a total of $225.17K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $174.04 thousand completed in July 2019. 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 Seed — $174,035
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First Round
First Round
(05 Jun 2017)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Seed - Ecobillz | Valuation | Ghosal Ventures | |
| Oct, 2018 | Amount | Angel Round - Ecobillz | Valuation | Sunaina Chauhan |
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| Jun, 2017 | Amount | Angel Round - Ecobillz | Valuation | Shyam Chinchani |
| 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 Ecobillz
Ecobillz has secured backing from 14 investors, including venture fund and angel investors. Prominent investors backing the company include 92 Angels, Ghosal Ventures and Rachna Aggarwal. 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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Angel network focused on pre-seed & seed-stage startups
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Founded Year | Domain | Location | |
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Single-family office focused on venture capital investments
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Founded Year | Domain | Location | |
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RA
Rachna Aggarwal |
Angel investor, ex-CEO of IndusInd Bank, focused on fintech and consumer tech
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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 Ecobillz
| 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 - Ecobillz
| 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 |
Ecobillz Comparisons
Competitors of Ecobillz
Ecobillz 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 Simetrik, Duco, Uniqus, Trintech and Curlec, 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 |
Accounts reconciliation solutions
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| domain | founded_year | HQ Location |
SAAS reconciliation solutions are delivered for financial services firms.
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| domain | founded_year | HQ Location |
Provider of accounting, risk, governance, environmental, social, and technology consulting
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| domain | founded_year | HQ Location |
Cloud-based financial reporting and compliance software is delivered for businesses.
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| domain | founded_year | HQ Location |
Recurring payments are automated and collected via bank-to-bank direct debits.
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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 Ecobillz
Frequently Asked Questions about Ecobillz
When was Ecobillz founded?
Ecobillz was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Ecobillz located?
Ecobillz is headquartered in Belgaum, India. It is registered at Belgaum, Karnataka, India.
Who is the current CEO of Ecobillz?
Ameet Patil is the current CEO of Ecobillz. They have also founded this company.
Is Ecobillz a funded company?
Ecobillz is a funded company, having raised a total of $225.17K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $23.77K, raised on Jun 05, 2017.
How many employees does Ecobillz have?
As of Mar 30, 2024, the latest employee count at Ecobillz is 21.
What is the annual revenue of Ecobillz?
Annual revenue of Ecobillz is $622.41K as on Mar 31, 2023.
What does Ecobillz do?
Ecobillz was founded in 2016 in Belgaum, India, within the retail technology sector. Digital receipt management is facilitated through integration with existing POS systems for stores, supermarkets, hotels, and restaurants. Features such as expense tracking, promotions, automated income audits, reconciliations, and coupon management are included to support operations. Solutions are tailored to enhance receipt handling and financial oversight in these establishments.
Who are the top competitors of Ecobillz?
What products or services does Ecobillz offer?
Ecobillz offers Digitization Platform, Automated Income Audits, and Document Management System.
Who are Ecobillz's investors?
Ecobillz has 14 investors. Key investors include 92 Angels, Ghosal Ventures, Rachna Aggarwal, Jaideep Lakshminarayanan, and Sanjay Sharma.
What is Ecobillz's valuation?
The valuation of Ecobillz is $835.58K as of Jul 2019.