About GrowthPal
GrowthPal is a company based in Pune (India) founded in 2020 by Shalu Mitruka, Maneesh Bhandari, and Amaresh Shirsat.. GrowthPal has raised $4 million across 2 funding rounds from investors including Ideaspring Capital, Anand Deshpande and Mukul Kumar. The company has 38 employees as of April 06, 2024. GrowthPal offers products and services including AI M&A Platform and Curated M&A Pipeline.
- Headquarter Pune, India
- Employees 38 as on 06 Apr, 2024
- Founders Shalu Mitruka, Maneesh Bhandari, Amaresh Shirsat
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Sectors
Financial ServicesTechnology
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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 Growthpal Technologies Private Limited
- Date of Incorporation 19 Dec, 2019
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$572.19 K (USD)68.83as on Mar 31, 2023
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Net Profit
$-591.78 K (USD)-3421.06as on Mar 31, 2023
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EBITDA
$-598.89 K (USD)-2574.41as on Mar 31, 2023
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
$2.6 M (USD), Series A
Jan 14, 2026
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Investors
Ideaspring Capital
& 2 more
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Employee Count
38
as on Apr 06, 2024
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Products & Services of GrowthPal
GrowthPal offers a comprehensive portfolio of products and services, including AI M&A Platform and Curated M&A Pipeline. 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.
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
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $2.6M
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First Round
First Round
(27 May 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series A - GrowthPal | Valuation | Ideaspring Capital |
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| May, 2024 | Amount | Seed - GrowthPal | Valuation | Ideaspring 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 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. 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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Early-stage investments are provided to technology startups by Ideaspring Capital.
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Founded Year | Domain | Location | |
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AD
Anand Deshpande |
Founder of Persistent Systems, active angel investor in Indian startups
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Founded Year | Domain | Location |
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MK
Mukul Kumar |
Co-founder of PubMatic, angel investor in Indian 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 GrowthPal
| 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 - GrowthPal
| 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 |
Growthpal Comparisons
Competitors of GrowthPal
| 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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Frequently Asked Questions about GrowthPal
When was GrowthPal founded?
GrowthPal was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is GrowthPal located?
GrowthPal is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of GrowthPal?
Maneesh Bhandari is the current CEO of GrowthPal. They have also founded this company.
Is GrowthPal a funded 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 27, 2024.
How many employees does GrowthPal have?
As of Apr 06, 2024, the latest employee count at GrowthPal is 38.
What is the annual revenue of GrowthPal?
Annual revenue of GrowthPal is $572.19K as on Mar 31, 2023.
What does GrowthPal do?
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.
What products or services does GrowthPal offer?
GrowthPal offers AI M&A Platform and Curated M&A Pipeline.
Who are GrowthPal's investors?
GrowthPal has 3 investors. Key investors include Ideaspring Capital, Anand Deshpande, and Mukul Kumar.
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