About Niftron
Niftron is a company based in Colombo (Sri Lanka) founded in 2020 by Jajeththanan Sabapathipillai, Azeem Ashraf, and Sharmilan Somasundaram.. Niftron has raised $280.19 thousand across 1 funding round from investors including Lankan Angel Network. Niftron operates in a competitive market with competitors including WeMeta, Unibright, Sort Analytics, MassBit and Clutch, among others.
- Headquarter Colombo, Sri Lanka
- Founders Jajeththanan Sabapathipillai, Azeem Ashraf, Sharmilan Somasundaram
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$280.19 K (USD)
in 1 rounds
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Latest Funding Round
$280.19 K (USD), Seed
Apr 20, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of Niftron
Niftron has successfully raised a total of $280.19K through 1 strategic funding round. The most recent funding activity was a Seed round of $280.19 thousand completed in April 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 Total Funding
- Total Rounds 1
- Last Round Seed — $280,193
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First Round
First Round
(20 Apr 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2021 | Amount | Seed - Niftron | Valuation |
investors |
| 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 Niftron
Niftron has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Lankan Angel Network. 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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A network of angel investors supporting Sri Lankan startups is operated.
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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 Niftron
| 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 - Niftron
| 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 |
Niftron Comparisons
Competitors of Niftron
Niftron 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 WeMeta, Unibright, Sort Analytics, MassBit and Clutch, 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.
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Blockchain-based platform for business integration
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Ethereum data is integrated into dApps through the platform.
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Blockchain APIs for DeFi and Web3 integration are provided.
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AI-enabled video analytics for tracking badminton games are provided.
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Multiple services are booked via an app-based platform.
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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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Frequently Asked Questions about Niftron
When was Niftron founded?
Niftron was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Niftron located?
Niftron is headquartered in Colombo, Sri Lanka. It is registered at Colombo, Western Province, Sri Lanka.
Is Niftron a funded company?
Niftron is a funded company, having raised a total of $280.19K across 1 funding round to date. The company's 1st funding round was a Seed of $280.19K, raised on Apr 20, 2021.
What does Niftron do?
Niftron was founded in 2020 and is based in Colombo, Sri Lanka. Operations focus on blockchain technology within the fintech sector. Services enable the tokenization of diverse assets, including tickets, medical records, vegetables, and user data. Trust, transparency, security, and ownership are enhanced through product integrations. Liquidity options and full data privacy measures are also provided to support various applications.
Who are the top competitors of Niftron?
Niftron's top competitors include Sort Analytics, Unibright and WeMeta.
Who are Niftron's investors?
Niftron has 1 investor. Key investors include Lankan Angel Network.