About FlipItMoney
FlipItMoney is a company based in Gurugram (India) founded in 2020 by Bharat Bhushan, Diptanil Das, and Dipankar Biswas was acquired by Delente Technologies in November 2023.. FlipItMoney has raised $2.87 million across 2 funding rounds from investors including Kotak Securities, Delente Technologies and VeeKay. The company has 8 employees as of April 04, 2024. FlipItMoney offers products and services including Finance App, SIP Calculator, Mutual Fund Calculator, FD Calculator, and EMI Calculator. FlipItMoney operates in a competitive market with competitors including Trinkerr, Crypso, Covesto, CoinMint and Tradilio, among others.
- Headquarter Gurugram, India
- Employees 8 as on 04 Apr, 2024
- Founders Bharat Bhushan, Diptanil Das, Dipankar Biswas
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Entroq Technologies Private Limited
- Date of Incorporation 17 Oct, 2020
- Jurisdiction Faridabad, Haryana, India
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Annual Revenue
$59.99 K (USD)1604.64as on Mar 31, 2023
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Net Profit
$-407.68 K (USD)1.08as on Mar 31, 2023
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EBITDA
$-375.85 K (USD)6.68as on Mar 31, 2023
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Total Equity Funding
$2.87 M (USD)
in 2 rounds
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Latest Funding Round
$400.95 K (USD), Seed
Feb 10, 2022
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Investors
Kotak Securities
& 6 more
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Employee Count
8
as on Apr 04, 2024
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Acquired by
Delente Technologies
(Nov 10, 2023)
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Products & Services of FlipItMoney
FlipItMoney offers a comprehensive portfolio of products and services, including Finance App, SIP Calculator, Mutual Fund Calculator, FD Calculator, and EMI Calculator. 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.
App for real-time news and investment recommendations
Tool to calculate savings through systematic investment plans
Estimates returns on mutual fund investments
Calculates returns on fixed deposit investments
Determines equated monthly installments for loans
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Funding Insights of FlipItMoney
FlipItMoney has successfully raised a total of $2.87M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $400.95 thousand completed in February 2022. 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 2
- Last Round Seed — $400,953
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First Round
First Round
(18 May 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - FlipItMoney | Valuation | Kotak Securities |
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| May, 2021 | Amount | Seed - FlipItMoney | Valuation | YMS Finance , Loka Properties |
| 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 FlipItMoney
FlipItMoney has secured backing from 7 investors, including institutional investors. Prominent investors backing the company include Kotak Securities, Delente Technologies and VeeKay. 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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Online platform for stock trading, mutual funds, and investment tools.
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Founded Year | Domain | Location | |
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Wholesaler of variety of goods
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Founded Year | Domain | Location | |
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Online platform that provides managed home rentals
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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 FlipItMoney
| 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 - FlipItMoney
| 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 |
Flipitmoney Comparisons
Competitors of FlipItMoney
FlipItMoney 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 Trinkerr, Crypso, Covesto, CoinMint and Tradilio, 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 |
Provider of algo trading platform for stock assets
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| domain | founded_year | HQ Location |
Online crypto-focused social trading platform
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| domain | founded_year | HQ Location |
Social trading platform that enables users to share and track trades
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| domain | founded_year | HQ Location |
Operates an online platform for cryptocurrency trading brokers.
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| domain | founded_year | HQ Location |
Operates a social trading platform for investors.
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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 Flipitmoney
Frequently Asked Questions about FlipItMoney
When was FlipItMoney founded?
FlipItMoney was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is FlipItMoney located?
FlipItMoney is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of FlipItMoney?
Dipankar Biswas is the current CEO of FlipItMoney. They have also founded this company.
Is FlipItMoney a funded company?
FlipItMoney is a funded company, having raised a total of $2.87M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.47M, raised on May 18, 2021.
How many employees does FlipItMoney have?
As of Apr 04, 2024, the latest employee count at FlipItMoney is 8.
What is the annual revenue of FlipItMoney?
Annual revenue of FlipItMoney is $59.99K as on Mar 31, 2023.
What does FlipItMoney do?
FlipItMoney was founded in 2020 in Gurugram, India, as an app-based platform focused on stock market trading and analytics for individual users. Real-time finance, business, and capital market news are summarized in 50 words using AI and natural language processing, alongside stock recommendations. On-the-go trading is supported, with the app accessible on both Android and iOS devices.
Who are the top competitors of FlipItMoney?
What products or services does FlipItMoney offer?
FlipItMoney offers Finance App, SIP Calculator, Mutual Fund Calculator, FD Calculator, and EMI Calculator.
Who are FlipItMoney's investors?
FlipItMoney has 7 investors. Key investors include Kotak Securities, Delente Technologies, VeeKay, YMS Finance, and Rd Devcon.
What is FlipItMoney's valuation?
The valuation of FlipItMoney is $5.33M as of Feb 2022.