About Kodo
Kodo is a company based in Mumbai (India) founded in 2019 by Gaurav Thapa and Deepti Sanghi. It operates as a SaaS (Software-as-a-Service). Kodo has raised $9.58 million across 3 funding rounds from investors including Brex, Leonis Investment and Y Combinator. The company has 39 employees as of April 06, 2024. Kodo offers products and services including Purchase Request, Corporate Cards, Invoices (AP), and Vendor Payments. Kodo operates in a competitive market with competitors including Zaggle, Sodexo, Concur, Fyle and Karbon, among others.
- Headquarter Mumbai, India
- Employees 39 as on 06 Apr, 2024
- Founders Gaurav Thapa, Deepti Sanghi
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Sectors
TechnologyTravel & Hospitality 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 Kodo Technologies Private Limited
- Date of Incorporation 16 Sep, 2019
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.63 M (USD)103.73as on Mar 31, 2023
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Net Profit
$91.41 K (USD)-19.27as on Mar 31, 2023
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EBITDA
-$60.61 K (USD)-232.18as on Mar 31, 2023
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Total Equity Funding
$9.58 M (USD)
in 3 rounds
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Latest Funding Round
$150 K (USD), Seed
Jun 01, 2021
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Investors
Brex
& 4 more
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Employee Count
39
as on Apr 06, 2024
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Products & Services of Kodo
Kodo offers a comprehensive portfolio of products and services, including Purchase Request, Corporate Cards, Invoices (AP), and Vendor Payments.
Intake-to-pay processes are streamlined to eliminate delays.
Expenses are controlled with real-time limits and insights.
Invoice processing is automated for speed and accuracy.
Payments to vendors are automated with flexibility and control.
People of Kodo
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Funding Insights of Kodo
Kodo has successfully raised a total of $9.58M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $150 thousand completed in June 2021. 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 3
- Last Round Seed — $150,000
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First Round
First Round
(27 May 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Seed - Kodo | Valuation | Leonis Investment |
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| Jun, 2021 | Amount | Seed - Kodo | Valuation | Y Combinator |
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| May, 2021 | Amount | Seed - Kodo | Valuation | Brex , Goat Capital |
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Investors in Kodo
Kodo has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Brex, Leonis Investment and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital fund backed by Gabriel Jarrosson
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Goat Capital venture fund.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kodo
Financial Statements - Kodo
Kodo Comparisons
Competitors of Kodo
Kodo 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 Zaggle, Sodexo, Concur, Fyle and Karbon, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
Cloud-based expense management is provided for business travelers.
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| domain | founded_year | HQ Location |
International payment and corporate expense solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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Frequently Asked Questions about Kodo
Kodo was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Kodo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kodo is a funded company, having raised a total of $9.58M across 3 funding rounds to date. The company's 1st funding round was a Seed of $8.75M, raised on May 27, 2021.
As of Apr 06, 2024, the latest employee count at Kodo is 39.
Annual revenue of Kodo is $1.63M as on Mar 31, 2023.
Next-generation solutions for procure-to-pay, corporate cards, accounts payable automation, and vendor payouts are offered by Kodo. Businesses ranging from startups to enterprises are supported with scalable processes, automated compliance, and real-time insights. Operational excellence is ensured through dynamic workflows, robust integrations with ERP systems, and seamless collaboration tools. Spend visibility and policy alignment are prioritized to empower timely decisions across complex operations in the financial technology sector.
Kodo offers Purchase Request, Corporate Cards, Invoices (AP), and Vendor Payments.
Kodo has 5 investors. Key investors include Brex, Leonis Investment, Y Combinator, Goat Capital, and Pioneer Fund.