About Evolvence
Evolvence is a company based in Dubai (United Arab Emirates) founded in 2001 by Khaled Almheiri.. Evolvence has raised $30 million across 1 funding round from investors including Gulf Capital. Evolvence offers products and services including Asset Management and Education Services.
- Headquarter Dubai, United Arab Emirates
- Founders Khaled Almheiri
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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 Evolvence India Financial Services Private Limited
- Date of Incorporation 05 Jun, 2009
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Private Equity Round
Jul 13, 2014
- Investors
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Employee Count
Employee Count
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Products & Services of Evolvence
Evolvence offers a comprehensive portfolio of products and services, including Asset Management and Education Services. 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.
Asset management services are provided in emerging markets.
Education services are offered in various regions.
Funding Insights of Evolvence
Evolvence has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $30 million completed in July 2014. 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 1
- Last Round Private Equity Round — $30.0M
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First Round
First Round
(13 Jul 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2014 | Amount | Private Equity Round - Evolvence | Valuation | Gulf Capital |
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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 Evolvence
Evolvence has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Gulf Capital. 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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Alternative investment firm providing services in Private Equity, Private Debt, and Real Estate across Growth Markets.
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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 Evolvence
| 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 - Evolvence
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Evolvence Comparisons
Competitors of Evolvence
| 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 Evolvence
Frequently Asked Questions about Evolvence
When was Evolvence founded?
Evolvence was founded in 2001 and raised its 1st funding round 13 years after it was founded.
Where is Evolvence located?
Evolvence is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Evolvence?
Khaled Almheiri is the current CEO of Evolvence. They have also founded this company.
Is Evolvence a funded company?
Evolvence is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $30M, raised on Jul 13, 2014.
What does Evolvence do?
Evolvence was founded in 2001 and is headquartered in Dubai, United Arab Emirates. As a holding company, operations are conducted across asset management, education, and retail sectors. Investments and oversight are provided through subsidiaries in these areas, with a focus on regional and international opportunities. Leadership is held by Founder and CEO Khaled Almheiri, alongside Managing Director Ajit Kumar, ensuring strategic direction in diversified holdings.
What products or services does Evolvence offer?
Evolvence offers Asset Management and Education Services.
Who are Evolvence's investors?
Evolvence has 1 investor. Key investors include Gulf Capital.
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