About Kaabil Finance
Kaabil Finance is a company based in Jaipur (India) founded in 2017 by Ramavtar Meena. Kaabil Finance has raised $3.98 million across 5 funding rounds from investors including DCB Bank, 2Point2 Capital and Hinkhoj. The company has 258 employees as of April 08, 2024. Kaabil Finance operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
- Headquarter Jaipur, India
- Employees 258 as on 08 Apr, 2024
- Founders Ramavtar Meena
- Stage Minicorn
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Sectors
Financial Services
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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 Kaabil Finance Private Limited
- Date of Incorporation 26 May, 2017
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$2.3 M (USD)111.47as on Mar 31, 2023
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Net Profit
$250.07 K (USD)76.42as on Mar 31, 2023
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EBITDA
$862.62 K (USD)6.39as on Mar 31, 2023
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Total Equity Funding
$3.98 M (USD)
in 5 rounds
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Latest Funding Round
$3.09 M (USD), Seed
Oct 31, 2023
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Investors
DCB Bank
& 14 more
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Employee Count
258
as on Apr 08, 2024
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Funding Insights of Kaabil Finance
Kaabil Finance has successfully raised a total of $3.98M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $3.09 million completed in October 2023. 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 5
- Last Round Seed — $3.1M
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First Round
First Round
(04 Mar 2019)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - Kaabil Finance | Valuation | 2Point2 Capital | |
| Aug, 2022 | Amount | Seed - Kaabil Finance | Valuation |
investors |
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| Feb, 2022 | Amount | Seed - Kaabil Finance | Valuation |
investors |
Investors in Kaabil Finance
Kaabil Finance has secured backing from 15 investors, including institutional and angel investors. Prominent investors backing the company include DCB Bank, 2Point2 Capital and Hinkhoj.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm managing portfolios in high-quality Indian companies for long-term returns.
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Founded Year | Domain | Location | |
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Commercial banking services are offered by DCB Bank in India.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
Investments & Acquisitions by Kaabil Finance
Financial Statements - Kaabil Finance
Kaabil Finance Comparisons
Competitors of Kaabil Finance
Kaabil Finance 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 Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Manappuram Finance.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
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Frequently Asked Questions about Kaabil Finance
Kaabil Finance was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Kaabil Finance is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Ramavtar Meena is the current CEO of Kaabil Finance. They have also founded this company.
Kaabil Finance is a funded company, having raised a total of $3.98M across 5 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Kaabil Finance is 258.
Annual revenue of Kaabil Finance is $2.3M as on Mar 31, 2023.
Kaabil Finance was established in 2017 in Jaipur, India, as a fintech entity focused on lending. An online platform is maintained to deliver consumer and business loans, with emphasis on rural communities. Loan products such as equipment financing, purchase order financing, business up-gradation loans, and gold loans are extended. Door-step services are included to facilitate access for users in targeted areas.
Kaabil Finance's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Kaabil Finance has 15 investors. Key investors include DCB Bank, 2Point2 Capital, Hinkhoj, Suneel Vadlamudi, and Kunjal Ramakrishna Jadhav.
The valuation of Kaabil Finance is $20.11M as of Oct 2023.