About Finnovate
Finnovate is a company based in Mumbai (India) founded in 2007 by Naveen Singh and Nehal Mota. Finnovate has raised $2.2 million across 2 funding rounds from investors including Shrikant Badwe, Bharat Gupta and Mukesh Gupta. Finnovate operates in a competitive market with competitors including Dezerv, Wealthy, ASK Group, Neo Wealth and Nivesh, among others.
- Headquarter Mumbai, India
- Founders Naveen Singh, Nehal Mota
- Stage Minicorn
-
Sectors
Technology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Finnovate Financial Services Private Limited
- Date of Incorporation 12 Jul, 2007
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$272.54 K (USD)53.97as on Mar 31, 2022
-
Net Profit
$49.69 K (USD)110.85as on Mar 31, 2022
-
EBITDA
$69.02 K (USD)113.24as on Mar 31, 2022
-
Total Equity Funding
$2.2 M (USD)
in 2 rounds
-
Latest Funding Round
$2 M (USD), Seed
Jun 26, 2026
-
Investors
& 4 more
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
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 |
-
|
Locked | Locked | Locked |
|
BG
Bharat Gupta |
-
|
Locked | Locked | Locked |
|
MG
Mukesh Gupta |
Angel investor, ex-Google, focused on tech startups in India
|
Locked | Locked | Locked |
Investor details for Finnovate
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Finnovate
Investment portfolio details for Finnovate
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Finnovate
Detailed financials for Finnovate
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Finnovate Comparisons
Peer comparison for Finnovate
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Finnovate
Finnovate 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 Dezerv, Wealthy, ASK Group, Neo Wealth and Nivesh, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Investment solutions and portfolio management are provided for affluent individuals.
|
|
| Locked | Locked | Locked |
Digital wealth management platform is offered for personalized investments.
|
|
| Locked | Locked | Locked |
Asset & wealth management platform
|
|
| Locked | Locked | Locked |
Wealth management, family office services, and investment opportunities are provided.
|
|
| Locked | Locked | Locked |
Wealth management and financial products are provided online for individuals.
|
|
| Locked | Locked | Locked |
App-based mutual fund investment platform
|
Detailed competitors of Finnovate
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Finnovate
Complete news archive for Finnovate
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 current CEO of Finnovate. They have also founded this company.
Finnovate is a funded company, having raised a total of $2.2M across 2 funding rounds to date.
Annual revenue of Finnovate is $272.54K as on Mar 31, 2022.
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.