About Growthfile
Growthfile is a Technology company based in Delhi (India) founded in 2019 by Navneet Misra and Pawan Lohea. Web-based accounts payable automation is provided for finance teams. It operates in the Technology and Financial Services sectors. Growthfile has raised $445.65 thousand across 2 funding rounds from investors including LetsVenture, Finana Partner and Vikram Hosangady. Growthfile was last valued at $3.21 million in February 2022. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Procure To Pay. Its legal entity in India is Growthfile Analytics Private Limited (U74999DL2019PTC346597). Its competitors include Biz Analyst, Procol and grofleX; 1 of its 3 listed competitors has raised funding.
Company details
Growthfile was founded in 2019 in Delhi, India, as a provider of web-based solutions in the fintech sector focused on accounts payable operations. Vendor collaboration is facilitated, procurement workflows are streamlined, and payment solutions are integrated within the platform. End-to-end processes are supported, including quote submission and tracking, automated account reconciliation, and GST-compliant invoice generation.
- Headquarters Delhi, India
- Founders Navneet Misra, Pawan Lohea
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website growthfile.com
- Social LinkedIn X Facebook
- Legal Name Growthfile Analytics Private Limited
- Date of Incorporation 26 Feb, 2019
- Jurisdiction Delhi, India
- Net Loss-₹41.8 Lakh
FY 2024 · -604728% margin
- EBITDA-₹37.3 Lakh
FY 2024 · -538631% margin
- Total Equity Funding$445.65K (USD)
in 2 rounds
- Latest Funding Round$376.84K (USD), Seed
Feb 2022
- InvestorsLetsVenture
& 44 more
Associated legal entities of Growthfile
Growthfile operates through Dhruv Revplus Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dhruv Revplus Private Limited CIN U74999DL2019PTC346597 | Active | 26 Feb 2019 | Delhi, Delhi | ₹0.0 Cr | 2 | View details |
Funding Insights of Growthfile
Growthfile has successfully raised a total of $445.65K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $376.84 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 $445,650
- Total Rounds 2
- Last Round Seed — $376,842
- First Round $68,808
(Oct 2020)
- Investors Count 45
All 2 funding rounds of Growthfile with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $376,842 | Seed | $3.21M | LetsVenture, Neeraj Matiyani | |
| Oct 2020 | $68,808 | Angel Round | $1.37M | Lavanya Viswanathan, Ritika Kalra | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $3.21M | •••••••• |
| Oct 2020 | $1.37M | •••••••• |
Last known valuation $3.21M (Feb 2022). 45 investors in total: 2 institutional and 43 angel.
Investors in Growthfile
Growthfile has secured backing from 45 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include LetsVenture, Finana Partner and Vikram Hosangady.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | finanapartner.tcc.mode | Thiruvallur, India | ||
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
VH Vikram Hosangady | unknown_2930fce335114adfb | |||
SR Sachin Ramesh Pai | unknown_542c771d013c4338b | |||
BB Bhavik Bharat Damodar | unknown_1582bddd0993445ca | |||
NM Neeraj Matiyani | unknown_b7455a7a978740b89 | |||
AD Anish De | Angel investor and advisor, ex-KPMG India head, focused on startups | unknown_f0ef47072c8c43c19 | ||
VK Vijay Kumar Chadha | unknown_fc0cf8ddb78142c78 | |||
RT Ritesh Tiwari | Angel investor and tech entrepreneur, focusing on early-stage Indian startups. | unknown_c179a770b66b47208 | ||
SK Sanjeev Kumar Malhotra | Angel investor and entrepreneur with focus on tech startups in India. | unknown_d3082b46884d482ea |
Investor details for Growthfile
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Dhruv Revplus Private Limited (Growthfile)
Dhruv Revplus Private Limited is the primary company behind Growthfile. The board of Dhruv Revplus Private Limited currently have 2 directors; the longest-serving is Kirankumar Srinivasa Murthi, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kirankumar Srinivasa Murthi DIN 06444833 | Director | 26 Feb 2019 | 7 yrs 7 mo | Dhruv Revplus Private Limited |
| Puja Soni DIN 06444835 | Director | 26 Feb 2019 | 7 yrs 7 mo | Dhruv Revplus Private Limited |
People of Growthfile
2 people are tracked at Growthfile (2 in leadership).
| Name | Role | Group |
|---|---|---|
Navneet Misra | Co-Founder | Leadership |
Pawan Lohea | Co-Founder | Leadership |
Complete people profiles for Growthfile
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Growthfile
Figures of Dhruv Revplus Private Limited, the primary company behind Growthfile, for FY 2024. Net loss was -₹41.8 Lakh (-604728% margin). EBITDA was -₹37.3 Lakh (-538631% margin). Revenue has grown at a compounded annual rate of -76% over three years.
- -₹41.8 LakhNet loss · -604728% margin
- -₹37.3 LakhEBITDA · -538631% margin
- ₹1.2 LakhPaid-up capital
- -76%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Dhruv Revplus Private Limited are on its company page.
Detailed financial statements for Growthfile
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Growthfile
4 dated milestones of Growthfile across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Growthfile is founded.
- Funding First funding round of $69K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $377K.
Competitors of Growthfile
Growthfile has 3 listed competitors in our database, 1 of them funded. They include Biz Analyst, Procol and grofleX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bizanalyst.in | 2016 | Mumbai, India | 63 | Cloud based data reporting platform for enterprises | ||
| procol.io | 2018 | Delhi, India | $12.09M | 75 | Procurement processes are automated through an AI-based platform. | |
| groflex.in | 2022 | Bengaluru, India | Functions as an invoice payment solution for businesses. |
Detailed competitors of Growthfile
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Growthfile
Growthfile was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Growthfile is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Growthfile is a funded company, having raised a total of $445.65K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $68.81K, raised on Oct 2020.
Annual revenue of Growthfile is $2.15K as on Mar 31, 2023.
Growthfile was founded in 2019 in Delhi, India, as a provider of web-based solutions in the fintech sector focused on accounts payable operations. Vendor collaboration is facilitated, procurement workflows are streamlined, and payment solutions are integrated within the platform. End-to-end processes are supported, including quote submission and tracking, automated account reconciliation, and GST-compliant invoice generation.
Growthfile's top competitors include Procol, Biz Analyst and grofleX.
Growthfile has 45 investors. Key investors include LetsVenture, Finana Partner, Vikram Hosangady, Sachin Ramesh Pai, and Bhavik Bharat Damodar.
The valuation of Growthfile is $3.21M as of Feb 2022.
Growthfile operates through Dhruv Revplus Private Limited.
The legal entities of Growthfile currently have 2 directors, including Kirankumar Srinivasa Murthi, Puja Soni.