About Faircent
Faircent is a company based in Gurugram (India) founded in 2013 by Sunil Kakkar, Rajat Gandhi, Vinay Mathews, and Juhee Gandhi.. Faircent has raised $11.12 million across 7 funding rounds from investors including Muthoot Finance, Gunosy and 3one4 Capital. The company has 181 employees as of April 06, 2024. Faircent operates in a competitive market with competitors including Kissht, Branch, Money View, mPokket and Olyv, among others.
- Headquarter Gurugram, India
- Employees 181 as on 06 Apr, 2024
- Founders Sunil Kakkar, Rajat Gandhi, Vinay Mathews, Juhee Gandhi
- Stage Minicorn
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Sectors
Financial 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 Fairassets Technologies India Private Limited
- Date of Incorporation 28 Mar, 2013
- Jurisdiction Badshahpur, Haryana, India
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Annual Revenue
$5.02 M (USD)73.59as on Mar 31, 2023
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Net Profit
$-61.85 K (USD)82.56as on Mar 31, 2023
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EBITDA
$279.28 K (USD)261.7as on Mar 31, 2023
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Total Equity Funding
$11.12 M (USD)
in 7 rounds
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Latest Funding Round
$2.79 M (USD), Series C
Aug 13, 2019
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Investors
Muthoot Finance
& 30 more
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Employee Count
181
as on Apr 06, 2024
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Funding Insights of Faircent
Faircent has successfully raised a total of $11.12M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $2.79 million completed in August 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 7
- Last Round Series C — $2.8M
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First Round
First Round
(31 Dec 2014)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series C - Faircent | Valuation | Gunosy Capital | |
| Feb, 2018 | Amount | Series B - Faircent | Valuation | Elevate Innovation Partners , Aarin Capital | |
| Aug, 2017 | Amount | Series B - Faircent | Valuation | Incofin Investment Management |
| 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 Faircent
Faircent has secured backing from 31 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Muthoot Finance, Gunosy and 3one4 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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Multiple sectors are targeted through private equity investments.
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Founded Year | Domain | Location | |
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Venture capital fund focused on fintech and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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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 Faircent
| 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 - Faircent
| 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 |
Faircent Comparisons
Competitors of Faircent
Faircent 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 Kissht, Branch, Money View, mPokket and Olyv, 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 |
Personal, business, and property loans are provided by Kissht.
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| domain | founded_year | HQ Location |
Branch is focused on providing faster workforce payment solutions.
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| domain | founded_year | HQ Location |
Loans, credit cards, gold investments, insurance, and UPI are provided.
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| domain | founded_year | HQ Location |
Provider of a digital lending platform offering instant personal loans to underserved youth, providing financial solutions through a mobile app
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| domain | founded_year | HQ Location |
Personal loans and savings options are provided for users.
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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 Faircent
Frequently Asked Questions about Faircent
When was Faircent founded?
Faircent was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Faircent located?
Faircent is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Faircent?
Rajat Gandhi is the current CEO of Faircent. They have also founded this company.
Is Faircent a funded company?
Faircent is a funded company, having raised a total of $11.12M across 7 funding rounds to date. The company's 1st funding round was a Series B of $3.92M, raised on Dec 31, 2014.
How many employees does Faircent have?
As of Apr 06, 2024, the latest employee count at Faircent is 181.
What is the annual revenue of Faircent?
Annual revenue of Faircent is $5.02M as on Mar 31, 2023.
What does Faircent do?
Faircent was founded in 2013 in Gurugram, India, within the fintech sector. A peer-to-peer lending platform is operated to link lenders with borrowers for personal and business loans. Investment diversification tools are offered to lenders, while borrowers apply based on loan purpose and location. Resources including calculators, knowledge centers, and loan performance data are made available to users.
Who are the top competitors of Faircent?
Faircent's top competitors include Money View, Kissht and mPokket.
Who are Faircent's investors?
Faircent has 31 investors. Key investors include Muthoot Finance, Gunosy, 3one4 Capital, Muthoot Fincorp, and Incofin Investment Management.
What is Faircent's valuation?
The valuation of Faircent is $27.67M as of Aug 2019.