About EnKash
EnKash is a company based in Mumbai (India) founded in 2018 by Naveen Narendra Bindal, Hemant Vishnoi, and Yadvendra Singh Tyagi.. EnKash has raised $23.5 million across 3 funding rounds from investors including Axilor Ventures, Ascent Capital and Baring Private Equity Partners. The company has 136 employees as of April 05, 2024. EnKash offers products and services including Payment Gateway, Expense Management, Corporate Credit Cards, Prepaid Cards, and Vouchers. EnKash operates in a competitive market with competitors including Zaggle, Sodexo, Karbon, Jeeves and Happay, among others.
- Headquarter Mumbai, India
- Employees 136 as on 05 Apr, 2024
- Founders Naveen Narendra Bindal, Hemant Vishnoi, Yadvendra Singh Tyagi
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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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 Nehat Tech Solutions Private Limited
- Date of Incorporation 20 Apr, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$8.92 M (USD)262.67as on Mar 31, 2022
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Net Profit
$-1.71 M (USD)-196as on Mar 31, 2022
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EBITDA
$-1.67 M (USD)-219.44as on Mar 31, 2022
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Total Equity Funding
$23.5 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Mar 10, 2022
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Investors
Axilor Ventures
& 4 more
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Employee Count
136
as on Apr 05, 2024
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Products & Services of EnKash
EnKash offers a comprehensive portfolio of products and services, including Payment Gateway, Expense Management, Corporate Credit Cards, Prepaid Cards, and Vouchers. 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.
Gateway for collecting payments via cards, UPI, and net banking.
System to track and optimize business expenses across departments.
Customized cards for enhancing cash flow and expense control.
Cards for specific uses like meals and travel with spending limits.
Options for brand vouchers to support gifting and incentives.
Platform for recognizing employees and partners through rewards.
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Funding Insights of EnKash
EnKash has successfully raised a total of $23.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in March 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 3
- Last Round Series B — $20.0M
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First Round
First Round
(19 Oct 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - EnKash | Valuation | White Venture Capital , Baring Private Equity Partners | |
| Apr, 2019 | Amount | Series A - EnKash | Valuation | Mayfield | |
| Oct, 2018 | Amount | Seed - EnKash | Valuation | Axilor Ventures |
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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 EnKash
EnKash has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Axilor Ventures, Ascent Capital and Baring Private Equity Partners. 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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Venture capital fund focused on fintech startups
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Founded Year | Domain | Location | |
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Private equity firm focusing on buyouts and investments in multiple sectors
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Founded Year | Domain | Location | |
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AscentCapital is engaged in potato farming, grain marketing, and equipment services in Maine.
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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 EnKash
| 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 - EnKash
| 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 |
Enkash Comparisons
Competitors of EnKash
EnKash 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 Zaggle, Sodexo, Karbon, Jeeves and Happay, 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 |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
International payment and corporate expense solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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| domain | founded_year | HQ Location |
Expense management software and corporate cards are offered to businesses.
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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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Latest news on Enkash
Frequently Asked Questions about EnKash
When was EnKash founded?
EnKash was founded in 2018.
Where is EnKash located?
EnKash is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is EnKash a funded company?
EnKash is a funded company, having raised a total of $23.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Oct 19, 2018.
How many employees does EnKash have?
As of Apr 05, 2024, the latest employee count at EnKash is 136.
What is the annual revenue of EnKash?
Annual revenue of EnKash is $8.92M as on Mar 31, 2022.
What does EnKash do?
EnKash was founded in 2018 in Mumbai, India, within the fintech sector. A platform for business spend management and payment solutions is operated, encompassing tools for payment collection, vendor payments, expense tracking, and corporate cards. Expense management is enabled across departments, supported by prepaid cards for diverse applications and rewards programs. APIs, integrations, workflow management, and analytics are supplied to handle financial operations.
What products or services does EnKash offer?
EnKash offers Payment Gateway, Expense Management, Corporate Credit Cards, Prepaid Cards, and 2 more products and services.
Who are EnKash's investors?
EnKash has 5 investors. Key investors include Axilor Ventures, Ascent Capital, Baring Private Equity Partners, White Venture Capital, and Mayfield.
What is EnKash's valuation?
The valuation of EnKash is $64.48M as of Mar 2022.
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