About GrowthPal
GrowthPal is a Financial Services company based in Pune (India) founded in 2020 by Shalu Mitruka, Maneesh Bhandari, and Amaresh Shirsat. MA deals are sourced via data-driven AI platform for startups. It operates in the Financial Services and Technology sectors. GrowthPal has raised $4 million across 2 funding rounds from investors including Ideaspring Capital, Anand Deshpande and Mukul Kumar. The company has 38 employees. Its chief executive, as recorded, is Maneesh Bhandari. Its website growthpal.com draws about 12 thousand monthly visits. Its Indian entity Growthpal Technologies Private Limited reported revenue of ₹5.77 Cr. GrowthPal offers products and services including AI M&A Platform and Curated M&A Pipeline. Its focus areas include Services for Investment Industry, Investment Industry, Investment Banks and IBs.
Company details
GrowthPal was established in 2020 in Pune, India, as a platform focused on mergers and acquisitions. Small and mid-size transactions are facilitated for startups and corporates through artificial intelligence and machine learning. Actionable recommendations are generated for fundraising, strategic partnerships, acquisitions, and acquihires, supporting deal sourcing in the financial technology sector. Operations center on data analysis to identify opportunities.
- Headquarters Pune, India
- Employees 38
- Founders Shalu Mitruka, Maneesh Bhandari, Amaresh Shirsat
- SectorsFinancial ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website growthpal.com
- Social LinkedIn X YouTube
- Legal Name Growthpal Technologies Private Limited
- Date of Incorporation 19 Dec, 2019
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹5.77 Cr
FY 2024 · +21% YoY
- Net Loss-₹1.55 Cr
FY 2024 · -27% margin
- EBITDA-₹1.51 Cr
FY 2024 · -26% margin
- Total Equity Funding$4M (USD)
in 2 rounds
- Latest Funding Round$2.6M (USD), Series A
Jan 2026
- InvestorsIdeaspring Capital
& 2 more
- Employee Count38
Associated legal entities of GrowthPal
GrowthPal operates through Growthpal Technologies 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 |
|---|---|---|---|---|---|---|---|
| Growthpal Technologies Private Limited CIN U72900PN2019PTC188509 | Active | 19 Dec 2019 | Pune, Maharashtra | ₹5.8 Cr | 38 | 2 | View details |
Products & Services of GrowthPal
GrowthPal offers a comprehensive portfolio of products and services, including AI M&A Platform and Curated M&A Pipeline.
A platform is utilized for data-driven deal sourcing in mergers and acquisitions, incorporating AI algorithms and analyst curation to identify optimal targets
Pipelines are provided as recommendations for ready-to-transact deals, drawing from extensive data sources to support strategic investments and acquisitions
Funding Insights of GrowthPal
GrowthPal has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.6 million completed in January 2026. 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 $4M
- Total Rounds 2
- Last Round Series A — $2.6M
- First Round $1.4M
(May 2024)
- Investors Count 3
All 2 funding rounds of GrowthPal 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 |
|---|---|---|---|---|---|
| Jan 2026 | $2.6M | Series A | – | Ideaspring Capital | – |
| May 2024 | $1.4M | Seed | – | Ideaspring Capital |
3 investors in total: 1 institutional and 2 angel.
Investors in GrowthPal
GrowthPal has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Ideaspring Capital, Anand Deshpande and Mukul Kumar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are provided to technology startups by Ideaspring Capital. | ideaspringcap.com | Bengaluru, India | ||
AD Anand Deshpande | Founder of Persistent Systems, active angel investor in Indian startups | unknown_cf378bb391fc4cd0b | ||
MK Mukul Kumar | Co-founder of PubMatic, angel investor in Indian startups | unknown_36c7fb9472974f568 |
Investor details for GrowthPal
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 Growthpal Technologies Private Limited (GrowthPal)
Growthpal Technologies Private Limited is the primary company behind GrowthPal. The board of Growthpal Technologies Private Limited currently have 2 directors; the longest-serving is Maneesh Bhandari, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maneesh Bhandari DIN 01786314 | Director | 19 Dec 2019 | 6 yrs 10 mo | Growthpal Technologies Private Limited |
| Sunil Pandurang Nikhar DIN 01094465 | Director | 28 Jan 2020 | 6 yrs 8 mo | Growthpal Technologies Private Limited |
People of GrowthPal
10 people are tracked at GrowthPal (7 in leadership, 3 in team); the tracked headcount is 38.
| Name | Role | Group |
|---|---|---|
Shalu Mitruka | Co-Founder & Chief Business Officer | Leadership |
| Co-Founder & CEO | Leadership | |
Amaresh Shirsat | Co-Founder & CTO | Leadership |
V P Rajesh | Board Member | Leadership |
| Director & Investor | Leadership | |
Naganand Doraswamy | Board Member | Leadership |
Chinmay Buzruk | Head Of Product Management And Design | Leadership |
Umesh Panigrahi | Business Development Representative (for US Market) | Team |
Srishti Jain | Associate | Team |
Suren Kapse | Growth Advisor | Team |
Complete people profiles for GrowthPal
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 GrowthPal
Figures of Growthpal Technologies Private Limited, the primary company behind GrowthPal, for FY 2024. Revenue was ₹5.77 Cr (+21% year on year). Net loss was -₹1.55 Cr (-27% margin). EBITDA was -₹1.51 Cr (-26% margin). Revenue has grown at a compounded annual rate of +64% over three years.
- ₹5.77 CrRevenue · FY 2024 · +21% YoY
- -₹1.55 CrNet loss · -27% margin
- -₹1.51 CrEBITDA · -26% margin
- ₹1 LakhPaid-up capital
- 38Employees (provident fund records)
- +64%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Growthpal Technologies Private Limited are on its company page.
Detailed financial statements for GrowthPal
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 GrowthPal
3 dated milestones of GrowthPal across 6 years, from founding to its latest funding, stage changes and deals.
- Founded GrowthPal is founded.
- Funding First funding round of $1.4M.
- Funding Latest funding round, Series A, of $2.6M.
Web traffic of GrowthPal
The website of GrowthPal (growthpal.com) receives about 11.7K visits a month.
- Monthly visits11.7K
▲ 95.2% vs previous month
Websites whose visitors overlap most with GrowthPal. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| partnerhub.app | 100% | #8,749,253 | View details | ||
| gtmpartners.com | 97% | #5,329,051 | View details | ||
| biznexus.com | 80% | #5,878,058 | View details |
Top companies in Investment & Wealth Tech
3 companies that operate in the same segment as GrowthPal (Investment & Wealth Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Investment consultant for future & options and commodities | 1987 | Kochi, Kerala, India | USD 71.52 M | 2,690 | ||
Technology-led financial products and infrastructure services are provided for consumers. | 2021 | Mumbai, Maharashtra, India | USD 145.66 M | USD 1.98 M | 376 |
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Frequently Asked Questions about GrowthPal
GrowthPal was founded in 2020 and raised its 1st funding round 4 years after it was founded.
GrowthPal is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Maneesh Bhandari is the CEO of GrowthPal, as recorded in our data. They have also founded this company.
GrowthPal is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.4M, raised on May 2024.
GrowthPal has 38 employees.
The primary company behind GrowthPal, Growthpal Technologies Private Limited, reported revenue of ₹5.77 Cr for FY 2024, up 21% year on year.
GrowthPal was established in 2020 in Pune, India, as a platform focused on mergers and acquisitions. Small and mid-size transactions are facilitated for startups and corporates through artificial intelligence and machine learning. Actionable recommendations are generated for fundraising, strategic partnerships, acquisitions, and acquihires, supporting deal sourcing in the financial technology sector. Operations center on data analysis to identify opportunities.
GrowthPal offers AI M&A Platform and Curated M&A Pipeline.
GrowthPal has 3 investors. Key investors include Ideaspring Capital, Anand Deshpande, and Mukul Kumar.
GrowthPal operates through Growthpal Technologies Private Limited.
The legal entities of GrowthPal currently have 2 directors, including Maneesh Bhandari, Sunil Pandurang Nikhar.