About Galgal
Galgal is a company based in Mumbai (India) founded in 2021 by Arun Iyer and Harsh Chhatrapati. Galgal has raised $2.14 million across 4 funding rounds from investors including Darshan Desai, Vijay Patel and GJNX Ventures. The company has 1 employees as of April 07, 2024. Galgal offers products and services including Savings Account, Auto Budgeting, Analytics, and Rewards Arcade. Galgal operates in a competitive market with competitors including Kaleidofin, Tala, Acru, Siply and Belong, among others.
- Headquarter Mumbai, India
- Employees 1 as on 07 Apr, 2024
- Founders Arun Iyer, Harsh Chhatrapati
- 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 Umunthu System Private Limited
- Date of Incorporation 21 Apr, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$21.34 K (USD)369.09as on Mar 31, 2023
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Net Profit
-$274.92 K (USD)-823.36as on Mar 31, 2023
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EBITDA
-$321.34 K (USD)-1107.21as on Mar 31, 2023
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Total Equity Funding
$2.14 M (USD)
in 4 rounds
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Latest Funding Round
$196.93 K (USD), Seed
Feb 20, 2024
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Investors
GJNX Ventures
& 16 more
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Employee Count
1
as on Apr 07, 2024
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Products & Services of Galgal
Galgal offers a comprehensive portfolio of products and services, including Savings Account, Auto Budgeting, Analytics, and Rewards Arcade.
Zero-balance account for easy savings and banking.
Automatic system to track and manage expenses.
Features for monitoring spending and financial insights.
Platform offering rewards for financial activities.
Funding Insights of Galgal
Galgal has successfully raised a total of $2.14M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $196.93 thousand completed in February 2024. 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 — $196,933
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First Round
First Round
(04 Feb 2022)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Seed - Galgal | Valuation | Vijay Patel |
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| Oct, 2023 | Amount | Angel Round - Galgal | Valuation | Darshan Desai , Vijay Patel |
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| Jan, 2023 | Amount | Seed - Galgal | Valuation | Arctos Ventures |
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Investors in Galgal
Galgal has secured backing from 17 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Darshan Desai, Vijay Patel and GJNX Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Offers business strategy, design, and transformation services to corporations and entrepreneurs.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
Investments & Acquisitions by Galgal
Financial Statements - Galgal
Galgal Comparisons
Competitors of Galgal
Galgal 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 Kaleidofin, Tala, Acru, Siply and Belong, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of financial technology solutions for inclusive lending
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| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
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| domain | founded_year | HQ Location |
Micro-savings are enabled via app for mutual fund investments.
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| domain | founded_year | HQ Location |
Provider of micro‑savings and financial inclusion services via AI‑driven app
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| domain | founded_year | HQ Location |
USD fixed deposit services are offered to non-resident Indians.
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| domain | founded_year | HQ Location |
Wealth management services are delivered via diversified tech-enabled accounts.
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Latest news on Galgal
Frequently Asked Questions about Galgal
Galgal was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Galgal is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Harsh Chhatrapati is the current CEO of Galgal. They have also founded this company.
Galgal is a funded company, having raised a total of $2.14M across 4 funding rounds to date. The company's 1st funding round was a Seed of $52.88K, raised on Feb 04, 2022.
As of Apr 07, 2024, the latest employee count at Galgal is 1.
Annual revenue of Galgal is $21.34K as on Mar 31, 2023.
Galgal was founded in 2021 in Mumbai, India, as a digital banking platform in the fintech sector. Operations center on simplifying personal finance via a mobile app for daily money management. A zero-balance savings account is provided, alongside tools for budgeting, savings tracking, and spending analysis. The platform serves users seeking accessible financial services in India.
Galgal's top competitors include Kaleidofin, Tala and Acru.
Galgal offers Savings Account, Auto Budgeting, Analytics, and Rewards Arcade.
Galgal has 17 investors. Key investors include Darshan Desai, Vijay Patel, GJNX Ventures, Arctos Ventures, and Himanshu Gandhi.
The valuation of Galgal is $9.28M as of Oct 2023.