EQLFIN

Delhi, India Founded: 2019 • Age: 7 yrs Minicorn
B2B payment and finance management services are provided to firms.

About EQLFIN

EQLFIN is a Business Services company based in Delhi (India) founded in 2019 by Puja Soni. B2B payment and finance management services are provided to firms. EQLFIN has raised $442.98 thousand across 2 funding rounds from investors including LetsVenture, Finana Partner and Neeraj Matiyani. EQLFIN was last valued at $3.27 million in February 2022. EQLFIN offers products and services including Potatoes and Grain Marketing. Its focus areas include Financial Services, Finance & Accounting Services and Diversified. Its legal entity in India is Growthfile Analytics Private Limited (U74999DL2019PTC346597).

Company details

EQLFIN was founded in 2019 in Delhi, India, within the fintech sector. B2B payment and finance management services are offered, focusing on routine financial operations. Balances are validated, cash deployments are facilitated for firms, and overdue payments are monitored across accounts and sales organizations. Client balance statements are issued, while tools for anomaly detection in records, ticket issuance, data compliance oversight, and vendor addition in balance confirmations are utilized.

Key Metrics
  • Net Loss
    -₹41.8 Lakh

    FY 2024 · -604728% margin

  • EBITDA
    -₹37.3 Lakh

    FY 2024 · -538631% margin

  • Total Equity Funding
    $442.98K (USD)

    in 2 rounds

  • Latest Funding Round
    $374.17K (USD), Seed

    Feb 2022

  • Investors
    LetsVenture

    & 32 more

Products & Services of EQLFIN

EQLFIN offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing.

Potatoes
Agricultural Products

Potatoes are farmed and sold for food and industrial uses in the region

Grain Marketing
Marketing Services

Grains are promoted and distributed from farms to various buyers

Funding Insights of EQLFIN

EQLFIN has successfully raised a total of $442.98K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $374.17 thousand completed in February 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 $442,979
  • Total Rounds 2
  • Last Round Seed β€” $374,170
  • First Round $68,809

    (Oct 2020)

  • Investors Count 33

All 2 funding rounds of EQLFIN with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Feb 2022$374,170Seed$3.27MLetsVenture
Oct 2020$68,809Angel Round$1.37MLavanya Viswanathan, Ritika Kalra
–
Valuation history
DateValuationStage
Feb 2022$3.27Mβ€’β€’β€’β€’β€’β€’β€’β€’
Oct 2020$1.37Mβ€’β€’β€’β€’β€’β€’β€’β€’

Last known valuation $3.27M (Feb 2022). 33 investors in total: 2 institutional and 31 angel.

Investors in EQLFIN

EQLFIN has secured backing from 33 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include LetsVenture, Finana Partner and Neeraj Matiyani.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Private equity firm focused on multiple sectors
finanapartner.tcc.modeThiruvallur, India
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth
2013letsventure.comBengaluru, India

Neeraj Matiyani

unknown_72d1e57f38b948a1a

Bindu Bihari Hinduja

unknown_85328eab415c429a9

Vikram Hosangady

unknown_2172d3b573aa493a9

Sachin Ramesh Pai

unknown_4f886ec7d8fc44fba

Bhavik Bharat Damodar

unknown_dcf66c6b530f4f1a8

Anish De

unknown_27ec95d116e8491a9

Vijay Kumar Chadha

unknown_3af0d4072f6347e4a

Ritesh Tiwari

unknown_185e9877522b48eda
Premium access

Investor details for EQLFIN

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 Dhruv Revplus Private Limited (EQLFIN)

Dhruv Revplus Private Limited is the primary company behind EQLFIN. The board of Dhruv Revplus Private Limited currently have 2 directors; the longest-serving is Kirankumar Srinivasa Murthi, appointed in 2019. 1 earlier director has ceased.

DirectorDesignationAppointedTenureEntity
Kirankumar Srinivasa Murthi
DIN 06444833
Director26 Feb 20197 yrs 7 moDhruv Revplus Private Limited
Puja Soni
DIN 06444835
Director26 Feb 20197 yrs 7 moDhruv Revplus Private Limited

People of EQLFIN

1 people are tracked at EQLFIN (1 in leadership).

NameRoleGroup
Co-FounderLeadership
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Complete people profiles for EQLFIN

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 EQLFIN

Figures of Dhruv Revplus Private Limited, the primary company behind EQLFIN, for FY 2024. Net loss was -₹41.8 Lakh (-604728% margin). EBITDA was -₹37.3 Lakh (-538631% margin). Revenue has grown at a compounded annual rate of -76% over three years.

  • -₹41.8 LakhNet loss · -604728% margin
  • -₹37.3 LakhEBITDA · -538631% margin
  • ₹1.2 LakhPaid-up capital
  • -76%Revenue CAGR, 3 years

Balance sheet, profit and loss, cash flow and ratios of Dhruv Revplus Private Limited are on its company page.

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Detailed financial statements for EQLFIN

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 EQLFIN

4 dated milestones of EQLFIN across 3 years, from founding to its latest funding, stage changes and deals.

  1. Founded EQLFIN is founded.
  2. Funding First funding round of $69K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Seed, of $374K.
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Frequently Asked Questions about EQLFIN

EQLFIN was founded in 2019 and raised its 1st funding round 1 year after it was founded.

EQLFIN is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

EQLFIN is a funded company, having raised a total of $442.98K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $68.81K, raised on Oct 2020.

Annual revenue of EQLFIN is $2.15K as on Mar 31, 2023.

EQLFIN was founded in 2019 in Delhi, India, within the fintech sector. B2B payment and finance management services are offered, focusing on routine financial operations. Balances are validated, cash deployments are facilitated for firms, and overdue payments are monitored across accounts and sales organizations. Client balance statements are issued, while tools for anomaly detection in records, ticket issuance, data compliance oversight, and vendor addition in balance confirmations are utilized.

EQLFIN offers Potatoes and Grain Marketing.

EQLFIN has 33 investors. Key investors include LetsVenture, Finana Partner, Neeraj Matiyani, Bindu Bihari Hinduja, and Vikram Hosangady.

The valuation of EQLFIN is $3.27M as of Feb 2022.

EQLFIN operates through Dhruv Revplus Private Limited.

The legal entities of EQLFIN currently have 2 directors, including Kirankumar Srinivasa Murthi, Puja Soni.

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