About InstaCash
InstaCash is a company based in Jaipur (India) founded in 2017 by Prateek Goel and Dixit Singhvi.. InstaCash has raised $687.11 thousand across 4 funding rounds from investors including CompAsia, George Nordin Hashim and Bhawani Singh Rajawat. The company has 9 employees as of April 04, 2024. InstaCash offers products and services including InstaCash Platform, Smartphone Diagnostic App, and Pickup Service. InstaCash operates in a competitive market with competitors including Yaantra, ControlZ, Grest, MobiGarage and ORUphones, among others.
- Headquarter Jaipur, India
- Employees 9 as on 04 Apr, 2024
- Founders Prateek Goel, Dixit Singhvi
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Instant Consumer Tech Private Limited
- Date of Incorporation 10 Apr, 2017
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$12.18 M (USD)1.54as on Mar 31, 2023
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Net Profit
$240.33 K (USD)4.67as on Mar 31, 2023
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EBITDA
$411.72 K (USD)4.76as on Mar 31, 2023
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Total Equity Funding
$687.11 K (USD)
in 4 rounds
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Latest Funding Round
$25.92 K (USD), Angel Round
Nov 19, 2019
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Investors
CompAsia
& 4 more
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Employee Count
9
as on Apr 04, 2024
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Products & Services of InstaCash
InstaCash offers a comprehensive portfolio of products and services, including InstaCash Platform, Smartphone Diagnostic App, and Pickup 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.
Online tool for quoting and selling old smartphones with secure pickup
App for assessing device condition and generating buyback offers
Free home-based service for device collection and payment
Funding Insights of InstaCash
InstaCash has successfully raised a total of $687.11K across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $25.92 thousand completed in November 2019. 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 Angel Round — $25,919
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First Round
First Round
(28 Sep 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Angel Round - InstaCash | Valuation | George Nordin Hashim |
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| Sep, 2019 | Amount | Seed - InstaCash | Valuation | CompAsia |
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| Aug, 2018 | Amount | Seed - InstaCash | Valuation | CompAsia |
| 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 InstaCash
InstaCash has secured backing from 5 investors, including angel and institutional investors. Prominent investors backing the company include CompAsia, George Nordin Hashim and Bhawani Singh Rajawat. 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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Used devices are bought, sold, traded, subscribed, and protected.
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Founded Year | Domain | Location | |
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GN
George Nordin Hashim |
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Founded Year | Domain | Location |
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BS
Bhawani Singh Rajawat |
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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 InstaCash
| 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 - InstaCash
| 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 |
Instacash Comparisons
Competitors of InstaCash
InstaCash 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 Yaantra, ControlZ, Grest, MobiGarage and ORUphones, 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 |
Second-hand smartphones and accessories are sold through an online platform.
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| domain | founded_year | HQ Location |
Second-hand mobiles and accessories are retailed online.
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| domain | founded_year | HQ Location |
Refurbished premium smartphones are offered via an online platform.
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| domain | founded_year | HQ Location |
Online second-hand platform offering refurbished mobile phones
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| domain | founded_year | HQ Location |
Online platform connecting users for secure transactions of second-hand mobile phones.
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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 Instacash
Frequently Asked Questions about InstaCash
When was InstaCash founded?
InstaCash was founded in 2017.
Where is InstaCash located?
InstaCash is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Who is the current CEO of InstaCash?
Prateek Goel is the current CEO of InstaCash. They have also founded this company.
Is InstaCash a funded company?
InstaCash is a funded company, having raised a total of $687.11K across 4 funding rounds to date. The company's 1st funding round was a Seed of $364.99K, raised on Sep 28, 2017.
How many employees does InstaCash have?
As of Apr 04, 2024, the latest employee count at InstaCash is 9.
What is the annual revenue of InstaCash?
Annual revenue of InstaCash is $12.18M as on Mar 31, 2023.
What does InstaCash do?
InstaCash was founded in 2017 in Jaipur, India, as an online platform in the consumer electronics sector. Pre-owned smartphones are evaluated through user-submitted details on model and condition, with price quotes generated accordingly. Operations are supported by an Android mobile application, facilitating the buy-back process for users across the region.
Who are the top competitors of InstaCash?
InstaCash's top competitors include Yaantra, Grest and MobiGarage.
What products or services does InstaCash offer?
InstaCash offers InstaCash Platform, Smartphone Diagnostic App, and Pickup Service.
Who are InstaCash's investors?
InstaCash has 5 investors. Key investors include CompAsia, George Nordin Hashim, Bhawani Singh Rajawat, Krishan Gopal Gujar, and Jayakumar S Babu.
What is InstaCash's valuation?
The valuation of InstaCash is $1.91M as of Nov 2019.