About Finnovate
Finnovate is a Technology company based in Mumbai (India) founded in 2007 by Naveen Singh and Nehal Mota. Financial planning, investment management, and educational resources are provided. Finnovate has raised $2.2 million across 2 funding rounds from investors including Shrikant Badwe, Bharat Gupta and Mukesh Gupta. Finnovate was last valued at $5.66 million in September 2022. Its chief executive, as recorded, is Nehal Mota. Its website finnovate.in draws about 59 thousand monthly visits. Its Indian entity Finnovate Financial Services Private Limited reported revenue of ₹4.18 Cr. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Financial Planners and Advisors. Its competitors include Dezerv, Wealthy and ASK Group; 3 of its 3 listed competitors have raised funding.
Company details
Finnovate was established in 2007 in Mumbai, India, within the financial services sector. Personalized financial plans, multi-asset investment options, and tracking tools are offered via the platform. Transactions involving mutual funds and insurance products are facilitated. Educational materials on personal finance are supplied to support client decisions, with consultations from financial experts also available.
- Headquarters Mumbai, India
- Founders Naveen Singh, Nehal Mota
- Stage Minicorn
- SectorsTechnology
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website finnovate.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Finnovate Financial Services Private Limited
- Date of Incorporation 12 Jul, 2007
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹4.18 Cr
FY 2025 · +8% YoY
- Net Loss-₹3.75 Cr
FY 2025 · -90% margin
- EBITDA-₹4.27 Cr
FY 2025 · -102% margin
- Total Equity Funding$2.2M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Seed
Jun 2026
Associated legal entities of Finnovate
Finnovate operates through Finnovate Financial Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finnovate Financial Services Private Limited CIN U67190MH2007PTC172272 | Active | 12 Jul 2007 | Mumbai, Maharashtra | ₹4.2 Cr | 54 | 2 | View details |
Apps and channels of Finnovate
its YouTube channel FINNOVATE has 986 subscribers and 30 videos.
Videos from Finnovate
The most watched videos on Finnovate's YouTube channel, FINNOVATE (986 subscribers). Click a video to play it here.
More on FINNOVATE.
Funding Insights of Finnovate
Finnovate has successfully raised a total of $2.2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in June 2026. 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 $2.2M
- Total Rounds 2
- Last Round Seed — $2M
- First Round $204,446
(Sep 2022)
- Investors Count 5
All 2 funding rounds of Finnovate 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 |
|---|---|---|---|---|---|
| Jun 2026 | $2M | Seed | – | – | – |
| Sep 2022 | $204,446 | Seed | $5.66M | Ramakant Deshpande |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $5.66M | •••••••• |
Last known valuation $5.66M (Sep 2022). 5 investors in total: 0 institutional and 5 angel.
Investors in Finnovate
Finnovate has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Shrikant Badwe, Bharat Gupta and Mukesh Gupta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SB Shrikant Badwe | unknown_b0023fa72d124377a | |||
BG Bharat Gupta | unknown_eec8a13b4b0241488 | |||
MG Mukesh Gupta | Angel investor, ex-Google, focused on tech startups in India | unknown_20abe7ef7f0e4adf9 | ||
RD Ramakant Deshpande | Angel investor, tech veteran, ex-Amazon, focuses on early-stage Indian startups | unknown_5a377908d9a84d73a | ||
BG Bharat Gupta | unknown_b2c6adfd0cc748f2b |
Investor details for Finnovate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Finnovate Financial Services Private Limited (Finnovate)
Finnovate Financial Services Private Limited is the primary company behind Finnovate. The board of Finnovate Financial Services Private Limited currently have 2 directors; the longest-serving is Nehal Pravin Mota, appointed in 2007.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nehal Pravin Mota DIN 01449070 | Director | 12 Jul 2007 | 19 yrs 3 mo | Finnovate Financial Services Private Limited |
| Naveen Singh DIN 01447941 | Director | 12 Jul 2007 | 19 yrs 3 mo | Finnovate Financial Services Private Limited |
People of Finnovate
2 people are tracked at Finnovate (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Finnovate
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Financials of Finnovate
Figures of Finnovate Financial Services Private Limited, the primary company behind Finnovate, for FY 2025. Revenue was ₹4.18 Cr (+8% year on year). Net loss was -₹3.75 Cr (-90% margin). EBITDA was -₹4.27 Cr (-102% margin). Revenue has grown at a compounded annual rate of +23% over three years and +48% over five years.
- ₹4.18 CrRevenue · FY 2025 · +8% YoY
- -₹3.75 CrNet loss · -90% margin
- -₹4.27 CrEBITDA · -102% margin
- ₹1.18 CrPaid-up capital
- 54Employees (provident fund records)
- +23%Revenue CAGR, 3 years
- +48%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Finnovate Financial Services Private Limited are on its company page.
Detailed financial statements for Finnovate
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Finnovate
4 dated milestones of Finnovate across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Finnovate is founded.
- Funding First funding round of $204K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.0M.
Competitors of Finnovate
Finnovate has 3 listed competitors in our database, 3 of them funded. They include Dezerv, Wealthy and ASK Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dezerv.in | 2021 | Mumbai, India | $100M | 513 | Investment solutions and portfolio management are provided for affluent individuals. | |
| wealthy.in | 2015 | Bengaluru, India | $22.29M | 231 | Digital wealth management platform is offered for personalized investments. | |
| askfinancials.com | 1983 | Mumbai, India | $125M | 191 | Asset & wealth management platform |
Detailed competitors of Finnovate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Finnovate
The website of Finnovate (finnovate.in) receives about 59K visits a month and ranks #477,297 among all websites worldwide, #4,839 in Investing.
- Monthly visits59K
▼ 23% vs previous month
- Unique visitors42.8K
per month
- Global rank#477,297
among all websites
- Category rank#4,839
Finance · Investing
- Bounce rate54%
- Pages per visit2.0
- Average visit1 min 19 sec
- DevicesDesktop 50% · Mobile 50%
Websites whose visitors overlap most with Finnovate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| finlive.in | 100% | #799,239 | View details | ||
| primeinvestor.in | 97% | 224.4K | #210,943 | View details | |
networthify.com | networthify.com | 97% | #162,780 | – | |
playingwithfire.co | playingwithfire.co | 96% | #861,675 | – | |
| swastika.co.in | 83% | 111.1K | #310,794 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 25 similar websites and full traffic analytics for Finnovate
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 25 similar websites
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Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Finnovate (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Finnovate
Complete news archive for Finnovate
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Frequently Asked Questions about Finnovate
Finnovate was founded in 2007 and raised its 1st funding round 15 years after it was founded.
Finnovate is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nehal Mota is the CEO of Finnovate, as recorded in our data. They have also founded this company.
Finnovate is a funded company, having raised a total of $2.2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $204.45K, raised on Sep 2022.
The primary company behind Finnovate, Finnovate Financial Services Private Limited, reported revenue of ₹4.18 Cr for FY 2025, up 8% year on year.
Finnovate was established in 2007 in Mumbai, India, within the financial services sector. Personalized financial plans, multi-asset investment options, and tracking tools are offered via the platform. Transactions involving mutual funds and insurance products are facilitated. Educational materials on personal finance are supplied to support client decisions, with consultations from financial experts also available.
Finnovate has 5 investors. Key investors include Shrikant Badwe, Bharat Gupta, Mukesh Gupta, Ramakant Deshpande, and Bharat Gupta.
The valuation of Finnovate is $5.66M as of Sep 2022.
Finnovate operates through Finnovate Financial Services Private Limited.
The legal entities of Finnovate currently have 2 directors, including Nehal Pravin Mota, Naveen Singh.