About Finlok
Finlok is a company based in Pune (India) founded in 2017 by Tanuj Sinha and Atish Potdar.. Finlok operates in a competitive market with competitors including myPaisaa, Money Club, Shriram Chits, SahaBhagi and Kanakadurga Chit funds, among others.
- Headquarter Pune, India
- Founders Tanuj Sinha, Atish Potdar
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Janmitr Solutions Private Limited
- Date of Incorporation 05 Jun, 2017
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$28.45 K (USD)48.44as on Mar 31, 2022
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Net Profit
$22.65 K (USD)774.12as on Mar 31, 2022
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EBITDA
$-5.54 K (USD)58.84as on Mar 31, 2022
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Funding Insights of Finlok
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Grant - Finlok | Valuation |
investors |
| 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 Finlok
Finlok has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Government of Maharashtra. 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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Provider of secondary & higher secondary education
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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 Finlok
| 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 - Finlok
| 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 |
Finlok Comparisons
Competitors of Finlok
Finlok 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 myPaisaa, Money Club, Shriram Chits, SahaBhagi and Kanakadurga Chit funds, 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 |
Digital chit fund schemes and savings plans are provided.
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| domain | founded_year | HQ Location |
Pooled savings and borrowing are facilitated by a community platform.
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| domain | founded_year | HQ Location |
Chit fund investments are facilitated through an online platform.
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| domain | founded_year | HQ Location |
SahaBhagi is a platform for managing financial self-help groups.
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| domain | founded_year | HQ Location |
Manages group savings and chit fund platforms for individual users.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Finlok
When was Finlok founded?
Finlok was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Finlok located?
Finlok is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
What is the annual revenue of Finlok?
Annual revenue of Finlok is $28.45K as on Mar 31, 2022.
What does Finlok do?
Finlok was founded in 2017 in Pune, India, as a fintech platform focused on group savings. Savings groups based on the ROSCA model are created by users with known contacts. The entire process is digitized, including online registration via OTP and payments through UPI. An alternative credit score known as the Finlok rating is generated during participation. Operations center on facilitating collective saving in the Indian market.
Who are the top competitors of Finlok?
Finlok's top competitors include Shriram Chits, myPaisaa and Money Club.
Who are Finlok's investors?
Finlok has 1 investor. Key investors include Government of Maharashtra.