About Namaste Credit
Namaste Credit is a company based in Bengaluru (India) founded in 2015 by Gaurav Anand.. Namaste Credit has raised $3.8 million across 2 funding rounds from investors including Nexus Venture Partners and Amicus Capital Partners. The company has 224 employees as of April 05, 2024. Namaste Credit operates in a competitive market with competitors including Funding Societies, Bizongo, GoKwik, Indifi and Yubi, among others.
- Headquarter Bengaluru, India
- Employees 224 as on 05 Apr, 2024
- Founders Gaurav Anand
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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
*********
- Legal Name Opendoors Fintech Private Limited
- Date of Incorporation 22 Oct, 2014
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$5.14 M (USD)95.12as on Mar 31, 2023
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Net Profit
$-648.3 K (USD)53.81as on Mar 31, 2023
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EBITDA
$-518.01 K (USD)58.03as on Mar 31, 2023
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Total Equity Funding
$3.8 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Nexus Venture Partners
& 1 more
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Employee Count
224
as on Apr 05, 2024
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Funding Insights of Namaste Credit
Namaste Credit has successfully raised a total of $3.8M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(03 Apr 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Namaste Credit | Valuation | Amicus Capital Partners |
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| Apr, 2018 | Amount | Series A - Namaste Credit | Valuation | Nexus Venture Partners |
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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 Namaste Credit
Namaste Credit has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Nexus Venture Partners and Amicus Capital Partners. 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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Investment services in financial services, consumer, healthcare, technology, and manufacturing sectors.
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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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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 Namaste Credit
| 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 - Namaste Credit
| 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 |
Namaste Credit Comparisons
Competitors of Namaste Credit
Namaste Credit 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 Funding Societies, Bizongo, GoKwik, Indifi and Yubi, 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 |
Business loans are provided via a P2P marketplace platform.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| domain | founded_year | HQ Location |
Software solutions are provided for e-commerce and D2C brands.
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| domain | founded_year | HQ Location |
Online business loans and credit solutions for MSMEs are provided.
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| domain | founded_year | HQ Location |
Business loans are facilitated through an online debt marketplace.
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| domain | founded_year | HQ Location |
SaaS-based supply chain financing solutions are delivered globally.
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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 Namaste Credit
Frequently Asked Questions about Namaste Credit
When was Namaste Credit founded?
Namaste Credit was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Namaste Credit located?
Namaste Credit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Namaste Credit?
Gaurav Anand is the current CEO of Namaste Credit. They have also founded this company.
Is Namaste Credit a funded company?
Namaste Credit is a funded company, having raised a total of $3.8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.8M, raised on Apr 03, 2018.
How many employees does Namaste Credit have?
As of Apr 05, 2024, the latest employee count at Namaste Credit is 224.
What is the annual revenue of Namaste Credit?
Annual revenue of Namaste Credit is $5.14M as on Mar 31, 2023.
What does Namaste Credit do?
Namaste Credit was founded in 2015 and is headquartered in Bengaluru, India. Operations focus on the fintech sector, where a SaaS platform is utilized for managing loan lifecycles. Services encompass customer onboarding, automated KYC processes, loan documentation, AI-driven document scanning, fraud detection, underwriting, credit decisioning, disbursal, and portfolio monitoring. A loan marketplace is also facilitated for SMEs and businesses seeking financing.
Who are the top competitors of Namaste Credit?
Namaste Credit's top competitors include Funding Societies, Yubi and Indifi.
Who are Namaste Credit's investors?
Namaste Credit has 2 investors. Key investors include Nexus Venture Partners, and Amicus Capital Partners.