About Kuvera
Kuvera is a company based in Bengaluru (India) founded in 2016 by Gaurav Rastogi and Neelabh Sanyal was acquired by CRED in February 2024.. Kuvera has raised $10.11 million across 5 funding rounds from investors including CRED, Fidelity International and Eight Roads Ventures. The company has 63 employees as of April 09, 2024. Kuvera offers products and services including Mutual Funds Platform, Stocks Trading, SaveSmart Tool, and Tax Harvesting Feature. Kuvera operates in a competitive market with competitors including Scripbox, FundsIndia, AssetPlus, Bandhan Mutual Fund and Fundzbazar, among others.
- Headquarter Bengaluru, India
- Employees 63 as on 09 Apr, 2024
- Founders Gaurav Rastogi, Neelabh Sanyal
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Arevuk Advisory Services Pvt Ltd
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$81.92 K (USD)-44.39as on Mar 31, 2023
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Net Profit
$-4.42 M (USD)-13.3as on Mar 31, 2023
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EBITDA
$-4.23 M (USD)-12.37as on Mar 31, 2023
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Total Equity Funding
$10.11 M (USD)
in 5 rounds
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Latest Funding Round
$5 M (USD), Series B
Sep 16, 2021
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Investors
CRED
& 24 more
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Employee Count
63
as on Apr 09, 2024
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Acquired by
CRED
(Feb 06, 2024)
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Products & Services of Kuvera
Kuvera offers a comprehensive portfolio of products and services, including Mutual Funds Platform, Stocks Trading, SaveSmart Tool, and Tax Harvesting Feature. 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.
Enables commission-free investing in direct mutual funds online.
Facilitates buying and selling of stocks with real-time data.
Helps set investment goals and track savings progress.
Optimizes taxes by realizing capital gains exemptions.
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Operations Team
2 people
Human Resources and Administration
1 people
Leadership Team
1 people
COO Team
1 people
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Funding Insights of Kuvera
Kuvera has successfully raised a total of $10.11M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in September 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 5
- Last Round Series B — $5.0M
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First Round
First Round
(25 Jan 2016)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - Kuvera | Valuation | Fidelity |
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| Mar, 2019 | Amount | Series A - Kuvera | Valuation | Eight Roads Ventures |
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| Dec, 2018 | Amount | Angel Round - Kuvera | Valuation | Arun Kohli |
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| 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 Kuvera
Kuvera has secured backing from 25 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include CRED, Fidelity International and Eight Roads Ventures. 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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Venture capital investment and global platform support for startups.
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Founded Year | Domain | Location | |
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Provider of investment management services
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Founded Year | Domain | Location | |
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Provides IT consulting, managed services, and technology solutions to Fortune 500 companies.
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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 Kuvera
| 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 - Kuvera
| 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 |
Kuvera Comparisons
Competitors of Kuvera
Kuvera 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 Scripbox, FundsIndia, AssetPlus, Bandhan Mutual Fund and Fundzbazar, 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 |
Platform offering mutual fund investments, financial planning, and wealth growth services
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| domain | founded_year | HQ Location |
Online investment platform for mutual funds and other financial products
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| domain | founded_year | HQ Location |
Mutual fund investments are enabled via advisor-assisted diversified plans.
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| domain | founded_year | HQ Location |
Online platform for investing in mutual funds
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| domain | founded_year | HQ Location |
Online platform for mutual funds, stock broking, and other investment services.
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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 Kuvera
Frequently Asked Questions about Kuvera
When was Kuvera founded?
Kuvera was founded in 2016.
Where is Kuvera located?
Kuvera is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Kuvera?
Gaurav Rastogi is the current CEO of Kuvera. They have also founded this company.
Is Kuvera a funded company?
Kuvera is a funded company, having raised a total of $10.11M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $49.57K, raised on Jan 25, 2016.
How many employees does Kuvera have?
As of Apr 09, 2024, the latest employee count at Kuvera is 63.
What is the annual revenue of Kuvera?
Annual revenue of Kuvera is $81.92K as on Mar 31, 2023.
What does Kuvera do?
Kuvera was founded in 2016 in Bengaluru, India, as a fintech platform focused on mutual fund investments. User risk profiles and financial goals are assessed to build customized portfolios. Services include tax-saving options, tax harvesting, and automated tracking of investments. The platform operates through mobile apps available for Android and iOS devices, serving investors in India.
Who are the top competitors of Kuvera?
Kuvera's top competitors include Scripbox, FundsIndia and AssetPlus.
What products or services does Kuvera offer?
Kuvera offers Mutual Funds Platform, Stocks Trading, SaveSmart Tool, and Tax Harvesting Feature.
Who are Kuvera's investors?
Kuvera has 25 investors. Key investors include CRED, Fidelity International, Eight Roads Ventures, Arun Kohli, and Baskar Subramanian.
What is Kuvera's valuation?
The valuation of Kuvera is $124.05M as of Sep 2021.
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