About FundsIndia
FundsIndia is a company based in Chennai (India) founded in 2008 was acquired by WestBridge Capital in August 2023.. FundsIndia has raised $16.64 million across 4 funding rounds from investors including WestBridge Capital, Athera Venture Partners and Foundation Capital. The company has 309 employees as of November 09, 2024. FundsIndia operates in a competitive market with competitors including Kuvera, AssetPlus, Bandhan Mutual Fund, Fundzbazar and Clearfunds, among others.
- Headquarter Chennai, India
- Employees 309 as on 09 Nov, 2024
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Wealth India Financial Services Private Limited
- Date of Incorporation 16 Oct, 2008
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$10.37 M (USD)24.33as on Mar 31, 2024
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Net Profit
$871.5 K (USD)-37.57as on Mar 31, 2024
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EBITDA
$529.97 K (USD)-60.89as on Mar 31, 2024
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Total Equity Funding
$16.64 M (USD)
in 4 rounds
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Latest Funding Round
$1.2 M (USD), Series C
Feb 10, 2020
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Investors
WestBridge Capital
& 7 more
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Employee Count
309
as on Nov 09, 2024
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Acquired by
WestBridge Capital
(Aug 22, 2023)
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Funding Insights of FundsIndia
FundsIndia has successfully raised a total of $16.64M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $1.2 million completed in February 2020. 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 Series C — $1.2M
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First Round
First Round
(25 Jul 2010)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series C - FundsIndia | Valuation | Foundation Capital | |
| May, 2015 | Amount | Series C - FundsIndia | Valuation | Faering Capital | |
| Mar, 2012 | Amount | Series B - FundsIndia | Valuation | Foundation Capital |
| 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 FundsIndia
FundsIndia has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include WestBridge Capital, Athera Venture Partners and Foundation 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 |
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Founded Year | Domain | Location | |
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Private equity firm managing investments in Indian sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Athera.
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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 FundsIndia
| 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 - FundsIndia
| 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 |
Fundsindia Comparisons
Competitors of FundsIndia
FundsIndia 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 Kuvera, AssetPlus, Bandhan Mutual Fund, Fundzbazar and Clearfunds, 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 |
Mutual fund portfolios are created via an app-based investment platform.
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| domain | founded_year | HQ Location |
Mutual fund investments are enabled via advisor-assisted diversified plans.
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| domain | founded_year | HQ Location |
Online platform for investing in mutual funds
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| domain | founded_year | HQ Location |
Online platform for mutual funds, stock broking, and other investment services.
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| domain | founded_year | HQ Location |
Direct mutual fund investments are enabled via an online platform.
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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 Fundsindia
Frequently Asked Questions about FundsIndia
When was FundsIndia founded?
FundsIndia was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is FundsIndia located?
FundsIndia is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of FundsIndia?
Akshay Sapru is the current CEO of FundsIndia.
Is FundsIndia a funded company?
FundsIndia is a funded company, having raised a total of $16.64M across 4 funding rounds to date. The company's 1st funding round was a Series B of $3.8M, raised on Jul 25, 2010.
How many employees does FundsIndia have?
As of Nov 09, 2024, the latest employee count at FundsIndia is 309.
What is the annual revenue of FundsIndia?
Annual revenue of FundsIndia is $10.37M as on Mar 31, 2024.
What does FundsIndia do?
FundsIndia was established in 2008 in Chennai, India, as an online platform in the financial services sector. Investments are facilitated in mutual funds, equities, gold, corporate deposits, bonds, loans, insurance, and related products. Tools are provided for managing investment amounts in response to market conditions. Adjustments to investment levels are allowed based on individual financial circumstances, supporting operations across India.
Who are the top competitors of FundsIndia?
FundsIndia's top competitors include AssetPlus, Kuvera and Bandhan Mutual Fund.
Who are FundsIndia's investors?
FundsIndia has 8 investors. Key investors include WestBridge Capital, Athera Venture Partners, Foundation Capital, Faering Capital, and Kirthiga Reddy.
What is FundsIndia's valuation?
The valuation of FundsIndia is $36.66M as of Feb 2020.
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