About Flashaid
Flashaid is a company based in Mumbai (India) founded in 2020 by Gunjali Kothari and Manoj Gupta. It operates as a EduTech, and Pay-per-Use / Usage-Based. Flashaid has raised $866.13 thousand across 4 funding rounds from investors including Nobel Hygiene, Venture Catalysts and Z Nation Lab. The company has 9 employees as of March 22, 2024. Flashaid offers products and services including SmartFee and Fee Protection Cover. Flashaid operates in a competitive market with competitors including NationsBenefits, Wellthy, EmployerDirect Healthcare, GroundGame and Alternate Solutions Health Network, among others.
- Headquarter Mumbai, India
- Employees 9 as on 22 Mar, 2024
- Founders Gunjali Kothari, Manoj Gupta
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lifebox Technologies Private Limited
- Date of Incorporation 19 Sep, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$32.35 K (USD)-43.37as on Mar 31, 2023
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Net Profit
$-434.51 K (USD)-99.34as on Mar 31, 2023
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EBITDA
$-370.56 K (USD)-63.35as on Mar 31, 2023
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Total Equity Funding
$866.13 K (USD)
in 4 rounds
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Latest Funding Round
$30.6 K (USD), Seed
Apr 01, 2023
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Investors
Nobel Hygiene
& 45 more
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Employee Count
9
as on Mar 22, 2024
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Products & Services of Flashaid
Flashaid offers a comprehensive portfolio of products and services, including SmartFee and Fee Protection Cover. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A loan-free EMI solution for education fees.
Protection against job loss, health, and accidents.
Funding Insights of Flashaid
Flashaid has successfully raised a total of $866.13K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $30.6 thousand completed in April 2023. 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 Total Funding
- Total Rounds 4
- Last Round Seed — $30,600
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First Round
First Round
(26 Apr 2021)
- Investors Count 46
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - Flashaid | Valuation |
investors |
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| Nov, 2022 | Amount | Seed - Flashaid | Valuation | Chocho Ventures , SOSV | |
| Jun, 2022 | Amount | Seed - Flashaid | Valuation | Orbit Startups |
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| 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 Flashaid
Flashaid has secured backing from 46 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Nobel Hygiene, Venture Catalysts and Z Nation Lab. 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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Venture capital firm focused on enterprise, B2B, B2C, and SaaS companies
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Founded Year | Domain | Location | |
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Venture capital and accelerator services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on early-stage startups
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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 Flashaid
| 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 - Flashaid
| 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 |
Flashaid Comparisons
Competitors of Flashaid
Flashaid 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 NationsBenefits, Wellthy, EmployerDirect Healthcare, GroundGame and Alternate Solutions Health Network, 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 |
Smart solutions are provided for individuals with hearing disabilities.
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| domain | founded_year | HQ Location |
Online platform to guide families and patients with long term health conditions
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| domain | founded_year | HQ Location |
Platform providing access to high-quality specialty care for surgery, cancer, and infusions with cost savings.
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| domain | founded_year | HQ Location |
Healthcare services are delivered via a closed-loop community platform.
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| domain | founded_year | HQ Location |
Alternate Solutions Health Network is focused on post-acute home health and hospice care partnerships.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Flashaid
Frequently Asked Questions about Flashaid
When was Flashaid founded?
Flashaid was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Flashaid located?
Flashaid is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Flashaid?
Manoj Gupta is the current CEO of Flashaid. They have also founded this company.
Is Flashaid a funded company?
Flashaid is a funded company, having raised a total of $866.13K across 4 funding rounds to date.
How many employees does Flashaid have?
As of Mar 22, 2024, the latest employee count at Flashaid is 9.
What is the annual revenue of Flashaid?
Annual revenue of Flashaid is $32.35K as on Mar 31, 2023.
What does Flashaid do?
Flashaid is engaged in offering innovative education fee payment solutions through a loan-free EMI model. The company operates in the education sector, focusing on EdTech and financial accessibility. Its SmartFee platform enables seamless fee collection for institutes while providing students with flexible payment options. Additionally, built-in fee protection covers risks such as job loss, health crises, and accidents, ensuring uninterrupted education. Flashaid supports institutes with API-driven automation, data intelligence, and banking-grade infrastructure, fostering a resilient education ecosystem across India.
Who are the top competitors of Flashaid?
Flashaid's top competitors include NationsBenefits, Wellthy and GroundGame.
What products or services does Flashaid offer?
Flashaid offers SmartFee and Fee Protection Cover.
Who are Flashaid's investors?
Flashaid has 46 investors. Key investors include Nobel Hygiene, Venture Catalysts, Z Nation Lab, Ayushajay Group, and Chocho Ventures.
What is Flashaid's valuation?
The valuation of Flashaid is $8.81M as of Apr 2023.
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