About LeRemitt
LeRemitt is a company based in Bengaluru (India) founded in 2022 by Sheetal Jain, Mahesh Kumar Barate, and Hari P Ambati.. LeRemitt has raised $1.25 million across 1 funding round from investors including Axilor Ventures, Capital A and Ramkumar Govindarajan. LeRemitt offers products and services including LeRemitt, LeDoc, and LeFin. LeRemitt operates in a competitive market with competitors including Vayana, Skydo, PingPong, XFlow and InstaReM, among others.
- Headquarter Bengaluru, India
- Founders Sheetal Jain, Mahesh Kumar Barate, Hari P Ambati
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsFinancial 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 6Point3 Technologies Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-13.24 K (USD)-310.83as on Mar 31, 2023
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EBITDA
$-13.1 K (USD)-306.36as on Mar 31, 2023
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Total Equity Funding
$1.25 M (USD)
in 1 rounds
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Latest Funding Round
$1.25 M (USD), Seed
Jul 10, 2023
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Investors
Axilor Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of LeRemitt
LeRemitt offers a comprehensive portfolio of products and services, including LeRemitt, LeDoc, and LeFin. 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.
Facilitates cross-border payments with transparency and efficiency.
Manages trade documents and ensures compliance for exporters.
Offers financing options to support global trade operations.
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Funding Insights of LeRemitt
LeRemitt has successfully raised a total of $1.25M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.25 million completed in July 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 1
- Last Round Seed — $1.2M
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First Round
First Round
(10 Jul 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - LeRemitt | Valuation | Axilor Ventures |
| 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 LeRemitt
LeRemitt has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Axilor Ventures, Capital A and Ramkumar Govindarajan. 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 firm investing in early-stage startups in technology sectors.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to Indian startups.
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Founded Year | Domain | Location | |
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RG
Ramkumar Govindarajan |
Angel investor, ex-entrepreneur, focused on early-stage Indian startups
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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 LeRemitt
| 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 - LeRemitt
| 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 |
Leremitt Comparisons
Competitors of LeRemitt
LeRemitt 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 Vayana, Skydo, PingPong, XFlow and InstaReM, 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 for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
International payments are enabled for businesses through a digital platform.
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| domain | founded_year | HQ Location |
Cross-border business payments are managed via an online platform.
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| domain | founded_year | HQ Location |
Cross-border payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated for individuals and businesses.
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| domain | founded_year | HQ Location |
Provider of working capital and supply chain finance solutions for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Leremitt
Frequently Asked Questions about LeRemitt
When was LeRemitt founded?
LeRemitt was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is LeRemitt located?
LeRemitt is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of LeRemitt?
Sheetal Jain is the current CEO of LeRemitt. They have also founded this company.
Is LeRemitt a funded company?
LeRemitt is a funded company, having raised a total of $1.25M across 1 funding round to date. The company's 1st funding round was a Seed of $1.25M, raised on Jul 10, 2023.
What does LeRemitt do?
Provider of AI-powered solutions for cross-border trade. This company offers a suite of products encompassing international payment processing, trade document management, and financial solutions. The platform streamlines transactions, automates compliance checks, and facilitates secure financing options for businesses engaged in global commerce. Its services aim to reduce manual processes, minimize errors, and improve efficiency for exporters and importers. The platform integrates various functionalities to create a unified system for managing all aspects of international trade.
Who are the top competitors of LeRemitt?
What products or services does LeRemitt offer?
LeRemitt offers LeRemitt, LeDoc, and LeFin.
Who are LeRemitt's investors?
LeRemitt has 4 investors. Key investors include Axilor Ventures, Capital A, Ramkumar Govindarajan, and Sumit Agarwal.
What is LeRemitt's valuation?
The valuation of LeRemitt is $6.06M as of Jul 2023.
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