About eMSME
eMSME is a Technology company based in Mumbai (India) founded in 2020 by Ankush Jain and Vikesh Agrawal. eMSME has raised $618.21 thousand across 3 funding rounds from investors including Paramatrix, Sunnex Jeans and Sacredodyssey. The company has 59 employees. eMSME was last valued at $10.08 million in October 2023. Its chief executive, as recorded, is Rupesh Jain. Its Indian entity Ajva Fintech Private Limited reported revenue of ₹4.79 Cr. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Accounting Suite.
Company details
Fintech services provider specializing in registration for small businesses and MSMEs. It features government benefits registration and smart invoicing features. It also provides solutions for financial, taxation, and compliance needs.
- Headquarters Mumbai, India
- Employees 59
- Founders Ankush Jain, Vikesh Agrawal
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website emsme.com
- Social LinkedIn X
- Legal Name Ajva Business Solutions Private Limited
- Date of Incorporation 22 Dec, 2020
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹4.79 Cr
FY 2025 · +29% YoY
- Net Profit₹76,221
FY 2025 · 0% margin
- EBITDA₹4.3 Lakh
FY 2025 · 1% margin
- Total Equity Funding$618.21K (USD)
in 3 rounds
- Latest Funding Round$10.22K (USD), Seed
Oct 2023
- InvestorsParamatrix
& 49 more
- Employee Count59
Associated legal entities of eMSME
eMSME operates through Ajva Fintech 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 |
|---|---|---|---|---|---|---|---|
| Ajva Fintech Private Limited CIN U74990MH2020PTC352350 | Active | 22 Dec 2020 | Mumbai, Maharashtra | ₹4.8 Cr | 59 | 4 | View details |
Funding Insights of eMSME
eMSME has successfully raised a total of $618.21K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $10.22 thousand completed in October 2023. 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 $618,206
- Total Rounds 3
- Last Round Seed — $10,216
- First Round $429,655
(Nov 2021)
- Investors Count 50
All 3 funding rounds of eMSME 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 |
|---|---|---|---|---|---|
| Oct 2023 | $10,216 | Seed | $10.08M | Paramatrix, Sacredodyssey | – |
| Aug 2022 | $178,335 | Seed | $9.52M | Paramatrix, Sacredodyssey | |
| Nov 2021 | $429,655 | Seed | $••••• | Ascent Investment Services |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2023 | $10.08M | •••••••• |
| Aug 2022 | $9.52M | •••••••• |
| Nov 2021 | $••••• | •••••••• |
Full valuation and stage history of eMSME
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $10.08M (Oct 2023). 50 investors in total: 4 institutional and 46 angel.
Investors in eMSME
eMSME has secured backing from 50 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Paramatrix, Sunnex Jeans and Sacredodyssey.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed across multiple sectors. | Mumbai, India | |||
Provider of software development services | 2004 | paramatrix.com | Mumbai, India | |
Sells premium denim jeans, cargos, and trousers online to fashion consumers in India. | 1980 | sunnexjeans.com | Mumbai, India | |
SB Shweta Bhadouria | unknown_dbcdf4c185d148d39 | |||
BM Bhavna Mukesh Thumar | unknown_44753406d82a48668 | |||
SB Sydney Barboza | unknown_d5fea1bd672b44738 | |||
NN N N Jain | unknown_7a54178adf7742878 | |||
SS Saurabh Shah | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_6cbb8e7965324f108 | ||
RG Raju Goyal | unknown_be5859e88adb48ea8 |
Investor details for eMSME
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 Ajva Fintech Private Limited (eMSME)
Ajva Fintech Private Limited is the primary company behind eMSME. The board of Ajva Fintech Private Limited currently have 4 directors; the longest-serving is Roopak Jain, appointed in 2020. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Roopak Jain DIN 09005861 | Director | 22 Dec 2020 | 5 yrs 10 mo | Ajva Fintech Private Limited |
| Ankush Ramesh Jain DIN 07277612 | Director | 06 Jul 2021 | 5 yrs 3 mo | Ajva Fintech Private Limited |
| Rupesh Jain DIN 09288739 | Director | 06 Nov 2021 | 4 yrs 11 mo | Ajva Fintech Private Limited |
| Sushilkumar Jiwarajka DIN 00016680 | Director | 22 Feb 2022 | 4 yrs 8 mo | Ajva Fintech Private Limited |
People of eMSME
3 people are tracked at eMSME (3 in leadership); the tracked headcount is 59.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Vikesh Agrawal | Co-Founder | Leadership |
| CEO | Leadership |
Complete people profiles for eMSME
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 eMSME
Figures of Ajva Fintech Private Limited, the primary company behind eMSME, for FY 2025. Revenue was ₹4.79 Cr (+29% year on year). Net profit was ₹76,221 (0% margin). EBITDA was ₹4.3 Lakh (1% margin). Revenue has grown at a compounded annual rate of +75% over three years.
- ₹4.79 CrRevenue · FY 2025 · +29% YoY
- ₹76,221Net profit · 0% margin
- ₹4.3 LakhEBITDA · 1% margin
- ₹47.1 LakhPaid-up capital
- 59Employees (provident fund records)
- +75%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ajva Fintech Private Limited are on its company page.
Detailed financial statements for eMSME
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 eMSME
4 dated milestones of eMSME across 3 years, from founding to its latest funding, stage changes and deals.
- Founded eMSME is founded.
- Funding First funding round of $430K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $10K.
Web traffic of eMSME
The website of eMSME (emsme.com) receives about 6.7K visits a month.
- Monthly visits6.7K
▼ 38.3% vs previous month
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Frequently Asked Questions about eMSME
eMSME was founded in 2020 and raised its 1st funding round 1 year after it was founded.
eMSME is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Rupesh Jain is the CEO of eMSME, as recorded in our data.
eMSME is a funded company, having raised a total of $618.21K across 3 funding rounds to date. The company's 1st funding round was a Seed of $429.66K, raised on Nov 2021.
eMSME has 59 employees.
The primary company behind eMSME, Ajva Fintech Private Limited, reported revenue of ₹4.79 Cr for FY 2025, up 29% year on year.
Fintech services provider specializing in registration for small businesses and MSMEs. It features government benefits registration and smart invoicing features. It also provides solutions for financial, taxation, and compliance needs.
eMSME has 50 investors. Key investors include Paramatrix, Sunnex Jeans, Sacredodyssey, Shweta Bhadouria, and Bhavna Mukesh Thumar.
The valuation of eMSME is $10.08M as of Oct 2023.
eMSME operates through Ajva Fintech Private Limited.
The legal entities of eMSME currently have 4 directors, including Sushilkumar Jiwarajka, Rupesh Jain, Roopak Jain and others.