FinKraft

Bengaluru, India Founded: 2019 • Age: 7 yrs
AI-powered GST reconciliation and fintech automation solutions are offered.

About FinKraft

FinKraft is a Technology company based in Bengaluru (India) founded in 2019 by Taruna Anand and Rohit Anand. AI-powered GST reconciliation and fintech automation solutions are offered. FinKraft has raised $120 thousand across 1 funding round from investors including Techstars. Its Indian entity Travel Input Consultant Private Limited reported revenue of β‚Ή3.52 Cr. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Accounting Suite. Its competitors include Tally Solutions and Bluecopa; 1 of its 2 listed competitors has raised funding.

Company details

FinKraft was founded in 2019 in Bengaluru, India, within the fintech sector. AI-driven solutions for GST reconciliation and automation are provided, focusing on airline and hotel invoice processing. Accurate input tax credit recovery is ensured through ERP system integration, which tracks e-invoices and manages accounts receivable and payable. Six-way reconciliation is facilitated to reduce errors, with real-time compliance insights delivered.

Key Metrics
  • Annual Revenue
    ₹3.52 Cr

    FY 2024 · +125% YoY

  • Net Profit
    ₹70.9 Lakh

    FY 2024 · 20% margin

  • EBITDA
    ₹70.9 Lakh

    FY 2024 · 20% margin

  • Total Equity Funding
    $120K (USD)

    in 1 rounds

  • Latest Funding Round
    $120K (USD), Seed

    Mar 2020

  • Investors

Funding Insights of FinKraft

FinKraft has successfully raised a total of $120K through 1 strategic funding round. The most recent funding activity was a Seed round of $120 thousand completed in March 2020. 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 $120,000
  • Total Rounds 1
  • Last Round Seed β€” $120,000
  • First Round $120,000

    (Mar 2020)

  • Investors Count 1

All 1 funding rounds of FinKraft with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Mar 2020$120,000Seed–Techstars
–
Valuation history

1 investors in total: 1 institutional.

Investors in FinKraft

FinKraft has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Startups are accelerated globally without sector restrictions through structured programs.
2006techstars.comNew York, United States
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Investor details for FinKraft

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Board of directors of Travel Input Consultant Private Limited (FinKraft)

Travel Input Consultant Private Limited is the primary company behind FinKraft. The board of Travel Input Consultant Private Limited currently have 2 directors; the longest-serving is Taruna Rohit Anand, appointed in 2019.

DirectorDesignationAppointedTenureEntity
Taruna Rohit Anand
DIN 02795071
Director22 Oct 20197 yrsTravel Input Consultant Private Limited
Rohit Gulzarilal Anand
DIN 02795131
Director22 Oct 20197 yrsTravel Input Consultant Private Limited

People of FinKraft

6 people are tracked at FinKraft (4 in leadership, 2 in team).

NameRoleGroup
Co-Founder & Director OperationsLeadership
Co-FounderLeadership
Ambuj Kumar V
Vp Of Sales And Account ManagementLeadership
Keya Shukla
Vice President Of Product ManagementLeadership
Riju Bandyopadhyay
Senior ManagerTeam
Chandana Nair
Business Relationship ManagerTeam
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Complete people profiles for FinKraft

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Financials of FinKraft

Figures of Travel Input Consultant Private Limited, the primary company behind FinKraft, for FY 2024. Revenue was ₹3.52 Cr (+125% year on year). Net profit was ₹70.9 Lakh (20% margin). EBITDA was ₹70.9 Lakh (20% margin). Revenue has grown at a compounded annual rate of +44% over three years.

  • ₹3.52 CrRevenue · FY 2024 · +125% YoY
  • ₹70.9 LakhNet profit · 20% margin
  • ₹70.9 LakhEBITDA · 20% margin
  • ₹1.1 LakhPaid-up capital
  • 18Employees (provident fund records)
  • +44%Revenue CAGR, 3 years

Balance sheet, profit and loss, cash flow and ratios of Travel Input Consultant Private Limited are on its company page.

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Detailed financial statements for FinKraft

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Timeline of FinKraft

2 dated milestones of FinKraft across 1 years, from founding to its latest funding, stage changes and deals.

  1. Founded FinKraft is founded.
  2. Funding First funding round of $120K.

Competitors of FinKraft

FinKraft has 2 listed competitors in our database, 1 of them funded. They include Tally Solutions and Bluecopa.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
tallysolutions.com1986Bengaluru, India1,047
Cloud-based ERP software is provided for accounting and inventory management.
bluecopa.com2021Hyderabad, India$4.1M43
AI-powered analytics solutions are offered for finance processes.
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Detailed competitors of FinKraft

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Web traffic of FinKraft

The website of FinKraft (finkraft.ai) receives about 1.4K visits a month.

  • Monthly visits
    1.4K

    ▼ 21.4% vs previous month

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Related news about Finkraft

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Frequently Asked Questions about FinKraft

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

FinKraft is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

FinKraft is a funded company, having raised a total of $120K across 1 funding round to date. The company's 1st funding round was a Seed of $120K, raised on Mar 2020.

The primary company behind FinKraft, Travel Input Consultant Private Limited, reported revenue of β‚Ή3.52 Cr for FY 2024, up 125% year on year.

FinKraft was founded in 2019 in Bengaluru, India, within the fintech sector. AI-driven solutions for GST reconciliation and automation are provided, focusing on airline and hotel invoice processing. Accurate input tax credit recovery is ensured through ERP system integration, which tracks e-invoices and manages accounts receivable and payable. Six-way reconciliation is facilitated to reduce errors, with real-time compliance insights delivered.

FinKraft's top competitors include Bluecopa and Tally Solutions.

FinKraft has 1 investor. Key investors include Techstars.

FinKraft operates through Travel Input Consultant Private Limited.

The legal entities of FinKraft currently have 2 directors, including Taruna Rohit Anand, Rohit Gulzarilal Anand.

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