About Galaxycard
Galaxycard is a company based in Gurugram (India) founded in 2017 by Gunjeet Singh and Nidhi Mittal.. Galaxycard has raised $1.54 million across 5 funding rounds from investors including MTC Group, India Accelerator and ValuD. The company has 9 employees as of April 09, 2024. Galaxycard offers products and services including GalaxyCard App and Instant Credit Service. Galaxycard operates in a competitive market with competitors including Simpl, Snapmint, Postpe, Paytail and RedCarpetUp, among others.
- Headquarter Gurugram, India
- Employees 9 as on 09 Apr, 2024
- Founders Gunjeet Singh, Nidhi Mittal
- Stage Minicorn
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Sectors
Financial Services
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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 Gct Technologies Private Limited
- Date of Incorporation 17 Jan, 2018
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$108.25 K (USD)78.9as on Mar 31, 2023
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Net Profit
$-505.81 K (USD)-7.03as on Mar 31, 2023
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EBITDA
$-506.27 K (USD)-5.16as on Mar 31, 2023
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Total Equity Funding
$1.54 M (USD)
in 5 rounds
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Latest Funding Round
$856.59 K (USD), Seed
May 05, 2023
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Investors
MTC Group
& 43 more
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Employee Count
9
as on Apr 09, 2024
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Products & Services of Galaxycard
Galaxycard offers a comprehensive portfolio of products and services, including GalaxyCard App and Instant Credit Service. 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 instant credit limits and secure payments.
Service for quick approvals and fee-free transactions.
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Funding Insights of Galaxycard
Galaxycard has successfully raised a total of $1.54M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $856.59 thousand completed in May 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 5
- Last Round Seed — $856,590
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First Round
First Round
(09 Aug 2018)
- Investors Count 44
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Galaxycard | Valuation | Radha Madhav Trust |
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| Dec, 2022 | Amount | Seed - Galaxycard | Valuation | ValuD | |
| Apr, 2021 | Amount | Angel Round - Galaxycard | Valuation | JITO Incubation & Innovation Foundation |
| 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 Galaxycard
Galaxycard has secured backing from 44 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include MTC Group, India Accelerator and ValuD. 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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Multiple sectors are incubated by the foundation in Mumbai, India.
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Founded Year | Domain | Location | |
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Venture debt firm
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech 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 Galaxycard
| 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 - Galaxycard
| 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 |
Galaxycard Comparisons
Competitors of Galaxycard
Galaxycard 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 Simpl, Snapmint, Postpe, Paytail and RedCarpetUp, 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 |
An online platform for purchase financing is provided by Simpl.
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| domain | founded_year | HQ Location |
No-credit-card EMI solutions for online purchases are provided.
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| domain | founded_year | HQ Location |
App-based platform for point of sale financing
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| domain | founded_year | HQ Location |
Finance and e-commerce solutions are enabled via instant EMI loans.
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| domain | founded_year | HQ Location |
Short-term credit solutions are offered 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 Galaxycard
Frequently Asked Questions about Galaxycard
When was Galaxycard founded?
Galaxycard was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Galaxycard located?
Galaxycard is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Galaxycard a funded company?
Galaxycard is a funded company, having raised a total of $1.54M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $450K, raised on Aug 09, 2018.
How many employees does Galaxycard have?
As of Apr 09, 2024, the latest employee count at Galaxycard is 9.
What is the annual revenue of Galaxycard?
Annual revenue of Galaxycard is $108.25K as on Mar 31, 2023.
What does Galaxycard do?
Galaxycard was founded in 2017 in Gurugram, India, within the fintech sector. Smartphone-linked credit cards are provided to consumers, enabling offline and online payments after registration and credit limit assignment. Reward programs are operated for subscription, allowing points to be earned. The cards are accepted at vendors such as restaurants, spas, salons, and apparel stores. An application is available on the Android platform.
Who are the top competitors of Galaxycard?
What products or services does Galaxycard offer?
Galaxycard offers GalaxyCard App and Instant Credit Service.
Who are Galaxycard's investors?
Galaxycard has 44 investors. Key investors include MTC Group, India Accelerator, ValuD, Samyakth Capital, and KM Trans Logistics.
What is Galaxycard's valuation?
The valuation of Galaxycard is $2.74M as of Apr 2021.
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