About Monech
Monech was a Financial Services company based in Goregaon (India) founded in 2019. It offers a platform for aggregating wealth data securely. It operates on a B2C model. Monech has raised $246.65 thousand across 6 funding rounds from investors including T-Hub, Abhaya Srisrimal Jain and Somphony9. Monech was last valued at $648.34 thousand in December 2020. The company is recorded as dissolved. Its focus areas include Finance, Fintech, Data Aggregation and Wealth Management. Its legal entity in India is Monech Private Limited (U74999MH2019PTC327957).
Company details
Monech, founded in 2019 in Goregaon, India, focuses on finance, fintech, data aggregation, and managing wealth portfolios. Offers a platform for aggregating wealth data securely. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Goregaon, India
- SectorsFinancial Services
- Website monech.com
- Social X
- Legal Name Monech Private Limited
- Date of Incorporation 11 Jul, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹53,700
FY 2024 · -94% YoY
- Net Loss-₹48.8 Lakh
FY 2024 · -9082% margin
- EBITDA-₹16.1 Lakh
FY 2024 · -3005% margin
- Total Equity Funding$246.65K (USD)
in 6 rounds
- Latest Funding Round$14.86K (USD), Seed
Jul 2023
- InvestorsT-Hub
& 5 more
Associated legal entities of Monech
Monech operates through Monech 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 |
|---|---|---|---|---|---|---|---|
| Monech Private Limited CIN U74999MH2019PTC327957 | Active | 11 Jul 2019 | Mumbai, Maharashtra | ₹0.0 Cr | 2 | View details |
Funding Insights of Monech
Monech has successfully raised a total of $246.65K across 6 strategic funding rounds. The most recent funding activity was a Seed round of $14.86 thousand 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 $246,653
- Total Rounds 6
- Last Round Seed — $14,861
- Investors Count 6
All 6 funding rounds of Monech 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 |
|---|---|---|---|---|---|
| Jul 2023 | $14,861 | Seed | – | Abhaya Srisrimal Jain | – |
| Mar 2022 | $42,883 | Seed | – | Somphony9 | – |
| May 2021 | $176,202 | Seed | – | Sprout Angels | – |
| Dec 2020 | Angel Round | $648,338 | Abhaya Srisrimal Jain, Anil Jain | – | |
| Jan 2020 | $12,707 | Seed | – | Pradeep Rathod, Abhaya Srisrimal Jain | – |
| Mar 2019 | Seed | – | T-Hub | – |
Last known valuation $648,338 (Dec 2020). 6 investors in total: 3 institutional and 3 angel.
Investors in Monech
Monech has secured backing from 6 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include T-Hub, Abhaya Srisrimal Jain and Somphony9.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | sproutangels.tcc.mode | Chennai, India | ||
Innovation hub connecting startups, corporates, and partners in technology and ecosystem development. | 2015 | t-hub.co | Hyderabad, India | |
| somphony9.tcc.mode | ||||
AS Abhaya Srisrimal Jain | unknown_c1769a2e355f4f6b9 | |||
AJ Anil Jain | Angel investor, ex-CEO of Nandi Infrastructure, focused on tech startups | unknown_3aea4f847e6f44e0b | ||
PR Pradeep Rathod | unknown_481983dbd1d84c60a |
Investor details for Monech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Monech Private Limited (Monech)
Monech Private Limited is the primary company behind Monech. The board of Monech Private Limited currently have 2 directors; the longest-serving is Darsh Golechha, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Darsh Golechha DIN 08507870 | Director | 11 Jul 2019 | 7 yrs 3 mo | Monech Private Limited |
| Naman Golechha DIN 08507871 | Director | 11 Jul 2019 | 7 yrs 3 mo | Monech Private Limited |
Financials of Monech
Figures of Monech Private Limited, the primary company behind Monech, for FY 2024. Revenue was ₹53,700 (-94% year on year). Net loss was -₹48.8 Lakh (-9082% margin). EBITDA was -₹16.1 Lakh (-3005% margin).
- ₹53,700Revenue · FY 2024 · -94% YoY
- -₹48.8 LakhNet loss · -9082% margin
- -₹16.1 LakhEBITDA · -3005% margin
- ₹1.4 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Monech Private Limited are on its company page.
Detailed financial statements for Monech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Monech
3 dated milestones of Monech across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Monech is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $15K.
Top companies in Investment & Wealth Tech
3 companies that operate in the same segment as Monech (Investment & Wealth Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Investment consultant for future & options and commodities | 1987 | Kochi, Kerala, India | USD 71.52 M | 2,690 | ||
Technology-led financial products and infrastructure services are provided for consumers. | 2021 | Mumbai, Maharashtra, India | USD 145.66 M | USD 1.98 M | 376 |
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Frequently Asked Questions about Monech
Monech was founded in 2019.
Monech is headquartered in Goregaon, India. It is registered at Goregaon, Maharashtra, India.
Monech is a funded company, having raised a total of $246.65K across 6 funding rounds to date.
The primary company behind Monech, Monech Private Limited, reported revenue of ₹53,700 for FY 2024, down 94% year on year.
Monech, founded in 2019 in Goregaon, India, focuses on finance, fintech, data aggregation, and managing wealth portfolios. Offers a platform for aggregating wealth data securely. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Monech has 6 investors. Key investors include T-Hub, Abhaya Srisrimal Jain, Somphony9, Sprout Angels, and Anil Jain.
The valuation of Monech is $648.34K as of Dec 2020.
Monech operates through Monech Private Limited.
The legal entities of Monech currently have 2 directors, including Darsh Golechha, Naman Golechha.