About LotusDew
LotusDew is a Technology company based in Hyderabad (India) founded in 2019 by Prachi Deuskar and Abhishek Banerjee. AI-driven investment portfolios are provided through proprietary technology. LotusDew has raised $315.89 thousand across 1 funding round from investors including Ritesh Raj Gupta, Ashwini Chhatre and Dhaval Naker. LotusDew was last valued at $6.26 million in December 2021. Its chief executive, as recorded, is Abhishek Banerjee. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Financial Planners and Advisors. Its competitors include Dezerv, Wealthy and ASK Group; 3 of its 3 listed competitors have raised funding.
Company details
LotusDew was founded in 2019 in Hyderabad, India, and operates in the financial technology sector. AI-driven investment portfolios are offered, with selections made using regulatory disclosures and proprietary algorithms. Services focus on automated investment management for clients, ensuring compliance and data-informed decisions across the Indian market. Operations are centered on technology integration for portfolio optimization.
- Headquarters Hyderabad, India
- Founders Prachi Deuskar, Abhishek Banerjee
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website lotusdew.in
- Social LinkedIn X Facebook
- Annual Revenue$374.19 K (USD)21as on Mar 31, 2024
- Net Profit-$35.42 K (USD)-149as on Mar 31, 2024
- EBITDA-$7.01 K (USD)-219as on Mar 31, 2024
- Total Equity Funding$315.89K (USD)
in 1 rounds
- Latest Funding Round$315.89K (USD), Angel Round
Dec 2021
Associated legal entities of LotusDew
LotusDew is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lotusdew Securities Private Limited CIN U67100TG2021PTC151646 | Active | 21 May 2021 | Hyderabad, Telangana | ₹0.1 Cr | 3 | View details | |
| Lotusdew Wealth And Investment Advisors Private Limited CIN U67200TG2019PTC132737 | Active | 15 May 2019 | Hyderabad, Telangana | ₹2.9 Cr | 4 | View details |
Funding Insights of LotusDew
LotusDew has successfully raised a total of $315.89K through 1 strategic funding round. The most recent funding activity was a Angel Round of $315.89 thousand completed in December 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 $315,893
- Total Rounds 1
- Last Round Angel Round — $315,893
- First Round $315,893
(Dec 2021)
- Investors Count 8
All 1 funding rounds of LotusDew 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 2021 | $315,893 | Angel Round | $6.26M | Ritesh Raj Gupta |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $6.26M | •••••••• |
Last known valuation $6.26M (Dec 2021). 8 investors in total: 0 institutional and 8 angel.
Investors in LotusDew
LotusDew has secured backing from 8 investors, including angel investors. Prominent investors backing the company include Ritesh Raj Gupta, Ashwini Chhatre and Dhaval Naker.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RR Ritesh Raj Gupta | unknown_177d603d153e40958 | |||
AC Ashwini Chhatre | unknown_3e0c200adb3746cc9 | |||
DN Dhaval Naker | unknown_1d1f04e828564e38b | |||
MP Manisha Prakash | unknown_3ffa0f90b91e40258 | |||
RS Rakesh Singhania | unknown_2f39931605a04dedb | |||
AB Abhishek Banerjee | Angel investor, ex-entrepreneur, focused on Indian startups | unknown_040cfab02ad74af58 | ||
PD Prachi Deuskar | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_66bc2d82e88b4c6bb | ||
RS Rakesh Singhania | unknown_cc93ed77be9d42708 |
Investor details for LotusDew
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of LotusDew
The boards of the 2 registered companies of LotusDew currently have 4 directors; the longest-serving is Abhishek Banerjee, appointed in 2021. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Banerjee DIN 08453270 | Managing Director | 21 May 2021 | 5 yrs 5 mo | Lotusdew Securities Private Limited, Lotusdew Wealth And Investment Advisors Private Limited |
| Prachi Ajay Deuskar DIN 08489767 | Director | 21 May 2021 | 5 yrs 5 mo | Lotusdew Securities Private Limited, Lotusdew Wealth And Investment Advisors Private Limited |
| Rakesh Singhania DIN 00298696 | Director | 21 May 2021 | 5 yrs 5 mo | Lotusdew Securities Private Limited, Lotusdew Wealth And Investment Advisors Private Limited |
| Ajai Achuthan DIN 09651569 | Director | 06 Jul 2022 | 4 yrs 4 mo | Lotusdew Wealth And Investment Advisors Private Limited |
People of LotusDew
2 people are tracked at LotusDew (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for LotusDew
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of LotusDew
Figures of Lotusdew Securities Private Limited, the primary company behind LotusDew, for FY 2024. Revenue was ₹9.4 Lakh (+186% year on year). Net loss was -₹17.9 Lakh (-191% margin). EBITDA was -₹14.2 Lakh (-151% margin).
- ₹9.4 LakhRevenue · FY 2024 · +186% YoY
- -₹17.9 LakhNet loss · -191% margin
- -₹14.2 LakhEBITDA · -151% margin
- ₹2.00 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Lotusdew Securities Private Limited are on its company page.
Detailed financial statements for LotusDew
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of LotusDew
3 dated milestones of LotusDew across 2 years, from founding to its latest funding, stage changes and deals.
- Founded LotusDew is founded.
- Funding First funding round of $316K.
- Milestone Reaches Minicorn status.
Competitors of LotusDew
LotusDew has 3 listed competitors in our database, 3 of them funded. They include Dezerv, Wealthy and ASK Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dezerv.in | 2021 | Mumbai, India | $100M | 513 | Investment solutions and portfolio management are provided for affluent individuals. | |
| wealthy.in | 2015 | Bengaluru, India | $22.29M | 231 | Digital wealth management platform is offered for personalized investments. | |
| askfinancials.com | 1983 | Mumbai, India | $125M | 191 | Asset & wealth management platform |
Detailed competitors of LotusDew
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of LotusDew
The website of LotusDew (lotusdew.in) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 8% vs previous month
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as LotusDew (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Lotusdew
Complete news archive for LotusDew
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Frequently Asked Questions about LotusDew
LotusDew was founded in 2019 and raised its 1st funding round 2 years after it was founded.
LotusDew is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Abhishek Banerjee is the CEO of LotusDew, as recorded in our data. They have also founded this company.
LotusDew is a funded company, having raised a total of $315.89K across 1 funding round to date. The company's 1st funding round was a Angel Round of $315.89K, raised on Dec 2021.
Annual revenue of LotusDew is $374.19K as on Mar 31, 2024.
LotusDew was founded in 2019 in Hyderabad, India, and operates in the financial technology sector. AI-driven investment portfolios are offered, with selections made using regulatory disclosures and proprietary algorithms. Services focus on automated investment management for clients, ensuring compliance and data-informed decisions across the Indian market. Operations are centered on technology integration for portfolio optimization.
LotusDew has 8 investors. Key investors include Ritesh Raj Gupta, Ashwini Chhatre, Dhaval Naker, Manisha Prakash, and Rakesh Singhania.
The valuation of LotusDew is $6.26M as of Dec 2021.
LotusDew is associated with 2 legal entities: Lotusdew Securities Private Limited, Lotusdew Wealth And Investment Advisors Private Limited.
The legal entities of LotusDew currently have 4 directors, including Abhishek Banerjee, Prachi Ajay Deuskar, Rakesh Singhania and others.