About mPokket
mPokket is a company based in Kolkata (India) founded in 2016 by Gaurav Jalan.. mPokket has raised $7.77 million across 5 funding rounds from investors including BPEA Credit, Lotus Microfinance and Pashupati Vanijya. The company has 2,229 employees as of April 06, 2024. mPokket offers products and services including Instant Loan App and Personal Loan. mPokket operates in a competitive market with competitors including Kissht, Branch, Stashfin, Finnable and Money View, among others.
- Headquarter Kolkata, India
- Employees 2229 as on 06 Apr, 2024
- Founders Gaurav Jalan
- Stage Minicorn
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Sectors
Financial 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 Mpokket Financial Services Pvt. Ltd.
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$22.07 M (USD)86731.81as on Mar 31, 2022
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Net Profit
$5.28 M (USD)74652.95as on Mar 31, 2022
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EBITDA
$11.11 M (USD)40890247.53as on Mar 31, 2022
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Total Equity Funding
$7.77 M (USD)
in 5 rounds
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Latest Funding Round
$60.31 M (USD), Debt – Conventional
Mar 05, 2024
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Investors
BPEA Credit
& 14 more
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Employee Count
2229
as on Apr 06, 2024
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Products & Services of mPokket
mPokket offers a comprehensive portfolio of products and services, including Instant Loan App and Personal Loan. 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.
App for quick personal loan applications and disbursements
Loans for students and professionals with flexible repayment options
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Funding Insights of mPokket
mPokket has successfully raised a total of $7.77M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $60.31 million completed in March 2024. 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 Debt – Conventional — $60.3M
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First Round
First Round
(19 Aug 2017)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Debt – Conventional - mPokket | Valuation |
investors |
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| Jan, 2020 | Amount | Series A - mPokket | Valuation | Lotus Microfinance |
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| Nov, 2019 | Amount | Series A - mPokket | Valuation | Pashupati Vanijya , Popular Consortium |
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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 mPokket
mPokket has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include BPEA Credit, Lotus Microfinance and Pashupati Vanijya. 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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Private debt funds focused on middle-market businesses
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech
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Founded Year | Domain | Location | |
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Venture capital funding is directed toward fintech and diverse sectors.
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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 mPokket
| 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 - mPokket
| 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 |
Mpokket Comparisons
Competitors of mPokket
mPokket 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 Kissht, Branch, Stashfin, Finnable and Money View, 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 |
Personal, business, and property loans are provided by Kissht.
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| domain | founded_year | HQ Location |
Branch is focused on providing faster workforce payment solutions.
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| domain | founded_year | HQ Location |
Digital lending and instant credit lines are provided to individuals.
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| domain | founded_year | HQ Location |
Online personal loans with minimal documentation are offered digitally.
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| domain | founded_year | HQ Location |
Loans, credit cards, gold investments, insurance, and UPI are provided.
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| domain | founded_year | HQ Location |
Online instant personal loans are provided to salaried professionals.
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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 Mpokket
Frequently Asked Questions about mPokket
When was mPokket founded?
mPokket was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is mPokket located?
mPokket is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Who is the current CEO of mPokket?
Gaurav Jalan is the current CEO of mPokket. They have also founded this company.
Is mPokket a funded company?
mPokket is a funded company, having raised a total of $7.77M across 5 funding rounds to date. The company's 1st funding round was a Series A of $69.97K, raised on Aug 19, 2017.
How many employees does mPokket have?
As of Apr 06, 2024, the latest employee count at mPokket is 2,229.
What is the annual revenue of mPokket?
Annual revenue of mPokket is $22.07M as on Mar 31, 2022.
What does mPokket do?
mPokket was founded in 2016 and is headquartered in Kolkata, India. A digital lending platform is operated, focusing on the fintech sector to deliver instant personal loans. Financial solutions are provided to underserved youth through a user-friendly mobile application. Operations emphasize accessibility for young borrowers in India, with services tailored to quick credit needs in emerging markets.
Who are the top competitors of mPokket?
mPokket's top competitors include Stashfin, Money View and LendenClub.
What products or services does mPokket offer?
mPokket offers Instant Loan App and Personal Loan.
Who are mPokket's investors?
mPokket has 15 investors. Key investors include BPEA Credit, Lotus Microfinance, Pashupati Vanijya, Popular Consortium, and Mohan Kumar.
What is mPokket's valuation?
The valuation of mPokket is $74.52M as of Jan 2020.
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