About Kaarva
Kaarva is a Technology company based in Bengaluru (India) founded in 2018 by Khushboo Maheshwari. Earned salaries are accessed by employees through a flexible platform. It operates in the Technology and Financial Services sectors. Kaarva has raised $539.27 thousand across 2 funding rounds from investors including Wellfound, Vistra ITCL and Lead Angels. Kaarva was last valued at $2.51 million in January 2019. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Financial Benefits. Its legal entity in India is Kaarvan Services Private Limited (U74999KA2018PTC117407). Its competitors include Jify, Refyne and Myfinfi; 3 of its 3 listed competitors have raised funding.
Company details
Kaarva was founded in 2018 in Bengaluru, India, as a fintech platform focused on financial services for salaried individuals. Portions of monthly earnings are made available on demand, alongside personal loans for expenses, emergencies, or other needs. Processes for disbursement and credit history management are streamlined using technology. Operations center on enabling timely access to funds within the Indian market.
- Headquarters Bengaluru, India
- Founders Khushboo Maheshwari
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Phone•••• ••••
- Website kaarva.com
- Social LinkedIn X Facebook
- Legal Name Kaarvan Services Private Limited
- Date of Incorporation 08 Oct, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹64,367
FY 2024 · +4% YoY
- Net Loss-₹4.8 Lakh
FY 2024 · -740% margin
- EBITDA-₹4.5 Lakh
FY 2024 · -705% margin
- Total Equity Funding$539.27K (USD)
in 2 rounds
- InvestorsWellfound
& 26 more
Associated legal entities of Kaarva
Kaarva operates through Kaarvan Services Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Kaarvan Services Private Limited CIN U74999KA2018PTC117407 | Strike Off | 08 Oct 2018 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Funding Insights of Kaarva
Kaarva has successfully raised a total of $539.27K across 2 strategic funding rounds. 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 $539,266
- Total Rounds 2
- First Round $539,266
(Jan 2019)
- Investors Count 27
All 2 funding rounds of Kaarva 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 |
|---|---|---|---|---|---|
| Dec 2019 | Seed | – | Lead Angels | ||
| Jan 2019 | $539,266 | Seed | $2.51M | Vistra ITCL, Wellfound |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2019 | $2.51M | •••••••• |
Last known valuation $2.51M (Jan 2019). 27 investors in total: 12 institutional and 15 angel.
Investors in Kaarva
Kaarva has secured backing from 27 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Wellfound, Vistra ITCL and Lead Angels.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in high-growth startups and angel funding services in India. | 2014 | leadangels.in | Mumbai, India | |
Early-stage companies are invested in by Better Capital. | bettercapital.vc | Santa Clara, United States | ||
Venture capital firm backing startups in Fintech and Consumer Tech sectors. | 2017 | gembacapital.in | Bengaluru, India | |
Angel Network for Bengaluru based companies | 2015 | capierinvestments.com | Bengaluru, India | |
Fintech venture capital investments in emerging markets, focusing on financial and commerce ecosystems. | 2018 | em.vc | Bengaluru, India | |
Potatoes are farmed, grain is marketed, and equipment services are provided in Maine. | 2017 | prasthavana.com | Bengaluru, India | |
Investment management and trustee services for financial instruments are provided. | 1995 | vistraitcl.com | Mumbai, India | |
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Multiple sectors are invested in via fund of funds approach. | Longmont, United States | |||
Investments in private companies are enabled via an online platform. | Mumbai, India |
Investor details for Kaarva
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Kaarvan Services Private Limited (Kaarva)
Kaarvan Services Private Limited is the primary company behind Kaarva. The board of Kaarvan Services Private Limited currently have 2 directors; the longest-serving is Agam Goyal, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Agam Goyal DIN 08252000 | Director | 08 Oct 2018 | 8 yrs 1 mo | Kaarvan Services Private Limited |
| Khushboo Maheshwari DIN 06965728 | Director | 08 Oct 2018 | 8 yrs 1 mo | Kaarvan Services Private Limited |
People of Kaarva
1 people are tracked at Kaarva (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Kaarva
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Kaarva
Figures of Kaarvan Services Private Limited, the primary company behind Kaarva, for FY 2024. Revenue was ₹64,367 (+4% year on year). Net loss was -₹4.8 Lakh (-740% margin). EBITDA was -₹4.5 Lakh (-705% margin). Revenue has grown at a compounded annual rate of -63% over three years and -44% over five years.
- ₹64,367Revenue · FY 2024 · +4% YoY
- -₹4.8 LakhNet loss · -740% margin
- -₹4.5 LakhEBITDA · -705% margin
- ₹4 LakhPaid-up capital
- -63%Revenue CAGR, 3 years
- -44%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Kaarvan Services Private Limited are on its company page.
Detailed financial statements for Kaarva
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Kaarva
4 dated milestones of Kaarva across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Kaarva is founded.
- Funding First funding round of $539K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Competitors of Kaarva
Kaarva has 3 listed competitors in our database, 3 of them funded. They include Jify, Refyne and Myfinfi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jify.co | 2021 | Mumbai, India | $11.43M | 89 | Online financial management and on demand salary solutions for employees | |
| refyne.co.in | 2020 | Bengaluru, India | $102.1M | 149 | Provider of earned wage access and financial wellness solutions | |
| myfinfi.com | 2022 | Mumbai, India | $269,885 | Employee financial benefits are delivered via a cloud-based platform. |
Detailed competitors of Kaarva
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Related news about Kaarva
Complete news archive for Kaarva
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Frequently Asked Questions about Kaarva
Kaarva was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Kaarva is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kaarva is a funded company, having raised a total of $539.27K across 2 funding rounds to date. The company's 1st funding round was a Seed of $539.27K, raised on Jan 2019.
The primary company behind Kaarva, Kaarvan Services Private Limited, reported revenue of ₹64,367 for FY 2024, up 4% year on year.
Kaarva was founded in 2018 in Bengaluru, India, as a fintech platform focused on financial services for salaried individuals. Portions of monthly earnings are made available on demand, alongside personal loans for expenses, emergencies, or other needs. Processes for disbursement and credit history management are streamlined using technology. Operations center on enabling timely access to funds within the Indian market.
Kaarva has 27 investors. Key investors include Wellfound, Vistra ITCL, Lead Angels, EMVC, and Gemba Capital.
The valuation of Kaarva is $2.51M as of Jan 2019.
Kaarva operates through Kaarvan Services Private Limited.
The legal entities of Kaarva currently have 2 directors, including Agam Goyal, Khushboo Maheshwari.