About LALA World
LALA World is a Financial Services company based in Singapore (Singapore) founded in 2016 by Sankalp Shangari. Financial ecosystem is offered to underbanked and migrant populations. LALA World has raised $2 million across 2 funding rounds. Its chief executive, as recorded, is Sankalp Shangari. Its Indian entity Algobitz Private Limited reported revenue of ₹2.69 Cr. LALA World offers products and services including ARAX Wallet, LALA Transfer, LALA Bill Pay, LALA Card, and LALA Lends. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include FOMO Pay and 2C2P; 2 of its 2 listed competitors have raised funding.
Company details
LALA World was established in 2016 in Singapore within the fintech sector. An ecosystem is maintained to serve underbanked and migrant communities globally. Operations focus on five key products: LaLa Transfer handles peer-to-peer remittances, LaLa Bill Pay manages international bill settlements, LaLa Lends facilitates peer-to-peer loans, LaLa Card enables point-of-sale transactions, and LaLa Kit bundles a pre-loaded mobile phone with LALA Wallet, LALA Insurance, LALA Card, and select partner offerings.
- Headquarters Singapore, Singapore
- Founders Sankalp Shangari
- SectorsFinancial Services
- Email••••••••
- Website lalaworld.io
- Social LinkedIn X Facebook YouTube
- Legal Name Lala World Pte Ltd
- Date of Incorporation 16 Mar, 2017
- Indian entity revenue₹2.69 Cr
FY 2024 · -56% YoY
- Indian entity net profit₹2 Lakh
FY 2024 · 1% margin
- Indian entity EBITDA₹12.6 Lakh
FY 2024 · 5% margin
- Total Equity Funding$2M (USD)
in 2 rounds
- Latest Funding Round$20.19M (USD), Token Sale
Jan 2018
Associated legal entities of LALA World
LALA World operates through Algobitz Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Algobitz Private Limited CIN U72900DL2017PTC314516 | Active | 16 Mar 2017 | Delhi, Delhi | ₹2.7 Cr | 10 | 2 | View details |
Products & Services of LALA World
LALA World offers a comprehensive portfolio of products and services, including ARAX Wallet, LALA Transfer, LALA Bill Pay, LALA Card, and LALA Lends.
Universal wallet for crypto exchanges and mobile payments services.
Peer-to-peer platform for local and global remittances.
System for local and international bill payments.
Fiat card linked to wallet for global point-of-sale use.
Peer-to-peer lending for individuals and small businesses.
Apps and channels of LALA World
its YouTube channel LaLaWorld has 374 subscribers and 30 videos.
Videos from LALA World
The most watched videos on LALA World's YouTube channel, LaLaWorld (374 subscribers). Click a video to play it here.
More on LaLaWorld.
Funding Insights of LALA World
LALA World has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $20.19 million completed in January 2018. 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 $2M
- Total Rounds 2
- Last Round Token Sale — $20.19M
- First Round $2M
(Oct 2017)
All 2 funding rounds of LALA World 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 |
|---|---|---|---|---|---|
| Jan 2018 | $20.19M | Token Sale | – | – | – |
| Oct 2017 | $2M | Series A | – | – | – |
Board of directors of Algobitz Private Limited (LALA World)
Algobitz Private Limited is the primary company behind LALA World. The board of Algobitz Private Limited currently have 2 directors; the longest-serving is Ranjit Kumar, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ranjit Kumar DIN 01224456 | Director | 22 Jun 2017 | 9 yrs 4 mo | Algobitz Private Limited |
| Smriti DIN 07067919 | Director | 20 Dec 2019 | 6 yrs 10 mo | Algobitz Private Limited |
People of LALA World
1 people are tracked at LALA World (1 in leadership).
| Name | Role | Group |
|---|---|---|
Sankalp Shangari | Founder & CEO | Leadership |
Complete people profiles for LALA World
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of LALA World
Figures of Algobitz Private Limited, the primary company behind LALA World, for FY 2024. Revenue was ₹2.69 Cr (-56% year on year). Net profit was ₹2 Lakh (1% margin). EBITDA was ₹12.6 Lakh (5% margin). Revenue has grown at a compounded annual rate of +65% over three years and -19% over five years.
- ₹2.69 CrRevenue · FY 2024 · -56% YoY
- ₹2 LakhNet profit · 1% margin
- ₹12.6 LakhEBITDA · 5% margin
- ₹50 LakhPaid-up capital
- 10Employees (provident fund records)
- +65%Revenue CAGR, 3 years
- -19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Algobitz Private Limited are on its company page.
Detailed financial statements for LALA World
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of LALA World
3 dated milestones of LALA World across 2 years, from founding to its latest funding, stage changes and deals.
- Founded LALA World is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Token Sale, of $20.2M.
Competitors of LALA World
LALA World has 2 listed competitors in our database, 2 of them funded. They include FOMO Pay and 2C2P.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fomopay.com | 2015 | Singapore | $13M | Diversified payment processing solutions are provided to merchants. | ||
| 2c2p.com | 2003 | Singapore | $85M | Payment processing solutions for businesses |
Detailed competitors of LALA World
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Related news about Lala World
Complete news archive for LALA World
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Frequently Asked Questions about LALA World
LALA World was founded in 2016 and raised its 1st funding round 1 year after it was founded.
LALA World is headquartered in Singapore, Singapore.
Sankalp Shangari is the CEO of LALA World, as recorded in our data. They have also founded this company.
LALA World is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Oct 2017.
The primary company behind LALA World, Algobitz Private Limited, reported revenue of ₹2.69 Cr for FY 2024, down 56% year on year.
LALA World was established in 2016 in Singapore within the fintech sector. An ecosystem is maintained to serve underbanked and migrant communities globally. Operations focus on five key products: LaLa Transfer handles peer-to-peer remittances, LaLa Bill Pay manages international bill settlements, LaLa Lends facilitates peer-to-peer loans, LaLa Card enables point-of-sale transactions, and LaLa Kit bundles a pre-loaded mobile phone with LALA Wallet, LALA Insurance, LALA Card, and select partner offerings.
LALA World offers ARAX Wallet, LALA Transfer, LALA Bill Pay, LALA Card, and LALA Lends.
LALA World operates through Algobitz Private Limited.
The legal entities of LALA World currently have 2 directors, including Ranjit Kumar, Smriti.