About Falcon
Falcon is a Financial Services company based in Gurugram (India) founded in 2012 by Chinmaya Desai, Prabhtej Singh Bhatia, and Priyanka Kanwar. A cloud-native platform is provided for next-generation financial products. It operates on a FinTech model. Falcon has raised $9.31 million across 4 funding rounds from investors including Angel List, LetsVenture and Stonks. The company has 47 employees. Falcon was last valued at $41.73 million in September 2024. Its chief executive, as recorded, is Priyanka Kanwar. Its Indian entity India Innovation Incorporation Private Limited reported revenue of ₹94.16 Cr. Falcon offers products and services including Banking Infrastructure. Its focus areas include Financials, Banking and Banking Technology. Its competitors include M2P Fintech, NeoKred and AuthBridge; 3 of its 3 listed competitors have raised funding.
Company details
Banking infrastructure solutions are provided by Falcon to simplify operations within the financial sector. Services are focused on streamlining banking processes and enhancing technological integration for financial institutions. Support is extended to various banking operations through innovative solutions.
- Headquarters Gurugram, India
- Employees 47
- Founders Chinmaya Desai, Prabhtej Singh Bhatia, Priyanka Kanwar
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website falconfs.com
- Social LinkedIn X
- Legal Name India Innovation Incorporation Private Limited
- Date of Incorporation 04 Dec, 2012
- Jurisdiction Raipur, Chhattisgarh, India
- Annual Revenue₹94.16 Cr
FY 2024 · +122% YoY
- Net Loss-₹11.46 Cr
FY 2024 · -12% margin
- EBITDA-₹7.33 Cr
FY 2024 · -8% margin
- Total Equity Funding$9.31M (USD)
in 4 rounds
- Latest Funding Round$114.18K (USD), Series A
Aug 2025
- InvestorsAngel List
& 62 more
- Employee Count47
Associated legal entities of Falcon
Falcon operates through India Innovation Incorporation Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| India Innovation Incorporation Private Limited CIN U74220CT2012PTC000633 | Active | 04 Dec 2012 | Raipur, Chhattisgarh | ₹94.2 Cr | 47 | 3 | View details |
Products & Services of Falcon
Falcon offers a comprehensive portfolio of products and services, including Banking Infrastructure.
Banking infrastructure solutions are provided for simplified operations.
Funding Insights of Falcon
Falcon has successfully raised a total of $9.31M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $114.18 thousand completed in August 2025. 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 $9.31M
- Total Rounds 4
- Last Round Series A — $114,183
- First Round $2.44M
(Nov 2021)
- Investors Count 63
All 4 funding rounds of Falcon 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 |
|---|---|---|---|---|---|
| Aug 2025 | $114,183 | Series A | – | ICICI Bank | – |
| Sep 2024 | $4.27M | Series A | $41.73M | Singularity Capital | |
| Dec 2022 | $2.49M | Seed | $32.18M | Twisha Nilesh Patel, Rishabh Harshad Kumar Patel | |
| Nov 2021 | $2.44M | Seed | $••••• | FZM Opportunities |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2024 | $41.73M | •••••••• |
| Dec 2022 | $32.18M | •••••••• |
| Nov 2021 | $••••• | •••••••• |
Full valuation and stage history of Falcon
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 $41.73M (Sep 2024). 63 investors in total: 25 institutional and 38 angel.
Investors in Falcon
Falcon has secured backing from 63 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, LetsVenture and Stonks.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investing in early-stage innovations and providing venture capital access through a diversified approach. | singularitycapital.us | |||
Early-stage tech ventures in the US and Asia are funded. | gmo-vp.com | Shibuya, Japan | ||
Seed-stage startups are funded by this venture capital firm. | hustlefund.vc | San Carlos, United States | ||
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Private equity investments are directed toward multiple sectors. | Wilmington, United States | |||
Seed-stage tech investments are focused on Europe and the US. | mushaventures.com | New York, United States | ||
Funding is provided to early-stage startups by FZM Opportunities. | Seattle, United States | |||
Multiple sectors are targeted for investments by West Quad Ventures. | westquad.vc | New York, United States | ||
Venture capital fund investing in multiple sectors | Piedmont, United States |
Investor details for Falcon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of India Innovation Incorporation Private Limited (Falcon)
India Innovation Incorporation Private Limited is the primary company behind Falcon. The board of India Innovation Incorporation Private Limited currently have 3 directors; the longest-serving is Prabhtej Singh Bhatia, appointed in 2012. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prabhtej Singh Bhatia DIN 02901462 | Director | 04 Dec 2012 | 13 yrs 11 mo | India Innovation Incorporation Private Limited |
| Priyanka Kanwar DIN 05358113 | Director | 04 Dec 2012 | 13 yrs 11 mo | India Innovation Incorporation Private Limited |
| Amit Gujral DIN 02177858 | Nominee Director | 04 Feb 2025 | 1 yr 9 mo | India Innovation Incorporation Private Limited |
People of Falcon
20 people are tracked at Falcon (9 in leadership, 11 in team); the tracked headcount is 47.
| Name | Role | Group |
|---|---|---|
Chinmaya Desai | Co-Founder & CBO | Leadership |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Yogesh Chugh | Vice President - Delivery | Leadership |
Balaji Sundeep | Senior Vice President | Leadership |
Darpan Singhi | Head Of Legal + Chief Of Staff | Leadership |
Isha Aggarwal | Director - People Ops & Talent Acquisition | Leadership |
Chaitanya Srinivas | Director Of Delivery | Leadership |
Alok Ailawadi | Chief Technology Officer | Leadership |
Adarsh Gupta | Software Engineer | Team |
Mayank Mittal | Senior Software Developer | Team |
Bajla Shafha | Senior Manager - Strategic Initiatives & Sales Enablement | Team |
Prince Yadav | Backend | Team |
Upendra Kumar | Software Developer | Team |
Kushal Upadhayay | Software Engineer - Backend | Team |
Lalit Bhadula | Senior QA Engineer | Team |
Vinish Kumar | Associate Technical Architect | Team |
Suhani Panchal | Senior Operations Executive | Team |
Gaurav Ahuja | Team Leader | Team |
Parth Choudhary | Software Engineer | Team |
Complete people profiles for Falcon
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 Falcon
Figures of India Innovation Incorporation Private Limited, the primary company behind Falcon, for FY 2024. Revenue was ₹94.16 Cr (+122% year on year). Net loss was -₹11.46 Cr (-12% margin). EBITDA was -₹7.33 Cr (-8% margin). Revenue has grown at a compounded annual rate of +121% over three years and +384% over five years.
- ₹94.16 CrRevenue · FY 2024 · +122% YoY
- -₹11.46 CrNet loss · -12% margin
- -₹7.33 CrEBITDA · -8% margin
- ₹1.42 CrPaid-up capital
- 47Employees (provident fund records)
- +121%Revenue CAGR, 3 years
- +384%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of India Innovation Incorporation Private Limited are on its company page.
Detailed financial statements for Falcon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of Falcon
4 dated milestones of Falcon across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Falcon is founded.
- Funding First funding round of $2.4M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $114K.
Competitors of Falcon
Falcon has 3 listed competitors in our database, 3 of them funded. They include M2P Fintech, NeoKred and AuthBridge.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| m2pfintech.com | 2014 | Chennai, India | $187.79M | 1,144 | Banking, lending, and payment solutions are provided via custom APIs. | |
| neokred.tech | 2019 | Bengaluru, India | $1.13M | 101 | Provider of open banking and payment infrastructure for digital finance solutions | |
| authbridge.com | 2005 | Gurugram, India | $11.2M | 1,017 | Identity verification, employee screening, and due diligence platforms are provided. |
Detailed competitors of Falcon
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of Falcon
The website of Falcon (falconfs.com) receives about 3.6K visits a month.
- Monthly visits3.6K
▲ 12.4% vs previous month
Websites whose visitors overlap most with Falcon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
the420.in | the420.in | 100% | #73,570 | – | |
| falconsgrup.com | 84% | View details | |||
| falcongroupindia.com | 32% | 2.6K | #6,490,354 | View details |
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Related news about Falcon
Complete news archive for Falcon
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Frequently Asked Questions about Falcon
Falcon was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Falcon is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Priyanka Kanwar is the CEO of Falcon, as recorded in our data. They have also founded this company.
Falcon is a funded company, having raised a total of $9.31M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.44M, raised on Nov 2021.
Falcon has 47 employees.
The primary company behind Falcon, India Innovation Incorporation Private Limited, reported revenue of ₹94.16 Cr for FY 2024, up 122% year on year.
Banking infrastructure solutions are provided by Falcon to simplify operations within the financial sector. Services are focused on streamlining banking processes and enhancing technological integration for financial institutions. Support is extended to various banking operations through innovative solutions.
Falcon's top competitors include M2P Fintech, NeoKred and AuthBridge.
Falcon offers Banking Infrastructure.
Falcon has 63 investors. Key investors include Angel List, LetsVenture, Stonks, KIFS Trade Capital, and Mauryan Capital.
The valuation of Falcon is $41.73M as of Sep 2024.
Falcon operates through India Innovation Incorporation Private Limited.