About FloBiz
FloBiz is a company based in Bengaluru (India) founded in 2019 by Rakesh Yadav.. FloBiz has raised $44 million across 3 funding rounds from investors including Peak XV Partners, 100Unicorns and Whiteboard Capital. The company has 74 employees as of March 31, 2024. FloBiz offers products and services including myBillBook Android and myBillBook Desktop. FloBiz operates in a competitive market with competitors including Billtrust, SumUp, Paymentus, Vyapar and PayStand, among others.
- Headquarter Bengaluru, India
- Employees 74 as on 31 Mar, 2024
- Founders Rakesh Yadav
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Valorem Stack Private Limited
- Date of Incorporation 21 May, 2019
- Jurisdiction Bangalore South, Karnataka, India
-
Annual Revenue
$5.4 M (USD)76.57as on Mar 31, 2023
-
Net Profit
$597.14 K (USD)59.86as on Mar 31, 2023
-
EBITDA
$1.19 M (USD)67.37as on Mar 31, 2023
-
Total Equity Funding
$44 M (USD)
in 3 rounds
-
Latest Funding Round
$31 M (USD), Series B
Apr 19, 2021
-
Investors
Peak XV Partners
& 20 more
-
Employee Count
74
as on Mar 31, 2024
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
Products & Services of FloBiz
FloBiz offers a comprehensive portfolio of products and services, including myBillBook Android and myBillBook Desktop. 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 GST billing, inventory management, and on-the-go business reporting.
Software for comprehensive billing, accounting, and performance analysis tools.
Unlock access to complete
Funding Insights of FloBiz
FloBiz has successfully raised a total of $44M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $31 million completed in April 2021. 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 3
- Last Round Series B — $31.0M
-
First Round
First Round
(01 Jun 2019)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series B - FloBiz | Valuation | Think Investments , Peak XV Partners | |
| Nov, 2020 | Amount | Series A - FloBiz | Valuation | Greenoaks |
|
| Jun, 2019 | Amount | Seed - FloBiz | Valuation | Vaibhav Karnavat , Satyen Kothari |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FloBiz
FloBiz has secured backing from 21 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Peak XV Partners, 100Unicorns and Whiteboard Capital. 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 |
|---|---|---|---|---|
|
Early-stage venture capital fund
|
Founded Year | Domain | Location | |
|
Elevation Capital is focused on early-stage tech investments in India.
|
Founded Year | Domain | Location | |
|
Investment Firm
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by FloBiz
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - FloBiz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flobiz Comparisons
Competitors of FloBiz
FloBiz 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 Billtrust, SumUp, Paymentus, Vyapar and PayStand, 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 |
Invoice and payment management solutions are offered for small businesses.
|
|
| domain | founded_year | HQ Location |
Provider of mPOS solution and card reader for offline retailers
|
|
| domain | founded_year | HQ Location |
Comprehensive billing and payment solution provider
|
|
| domain | founded_year | HQ Location |
Cloud-based invoicing and inventory tools for small businesses are provided.
|
|
| domain | founded_year | HQ Location |
Payment processing for bitcoin, e-checks, and credit cards is facilitated.
|
|
| domain | founded_year | HQ Location |
An app-based invoicing solution is provided for small businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Flobiz
Frequently Asked Questions about FloBiz
When was FloBiz founded?
FloBiz was founded in 2019.
Where is FloBiz located?
FloBiz is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of FloBiz?
Rakesh Yadav is the current CEO of FloBiz. They have also founded this company.
Is FloBiz a funded company?
FloBiz is a funded company, having raised a total of $44M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jun 01, 2019.
How many employees does FloBiz have?
As of Mar 31, 2024, the latest employee count at FloBiz is 74.
What is the annual revenue of FloBiz?
Annual revenue of FloBiz is $5.4M as on Mar 31, 2023.
What does FloBiz do?
FloBiz was established in 2019 in Bengaluru, India, focusing on digital tools for small and medium businesses in the accounting sector. Mobile-first solutions are developed to support digitization and operational efficiency. The primary product delivers GST-compliant billing and accounting, encompassing invoice generation, inventory tracking, performance reporting, payment notifications, and tailored business cards. These tools are built with user-friendly designs and security protocols suited to multiple business categories.
Who are the top competitors of FloBiz?
What products or services does FloBiz offer?
FloBiz offers myBillBook Android and myBillBook Desktop.
Who are FloBiz's investors?
FloBiz has 21 investors. Key investors include Peak XV Partners, 100Unicorns, Whiteboard Capital, Beenext, and Elevation Capital.