About Onfees
Onfees is a company based in Mumbai (India) founded in 2017 by Manisha Thakur, Viral Dedhiya, and Mayur Jain. Onfees has raised $213.1 thousand across 3 funding rounds from investors including Abhyjeet Bhansali, Asha Shah and Saurabh Kothari. The company has 5 employees as of March 31, 2024. Onfees operates in a competitive market with competitors including PowerSchool, GoGuardian, Next Education, GrayQuest and Jodo, among others.
- Headquarter Mumbai, India
- Employees 5 as on 31 Mar, 2024
- Founders Manisha Thakur, Viral Dedhiya, Mayur Jain
- Stage Minicorn
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Sectors
TechnologyEducation 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 Easytech Innovations Private Limited
- Date of Incorporation 27 Mar, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$156.78 K (USD)3.11as on Mar 31, 2023
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Net Profit
-$26.32 K (USD)73.2as on Mar 31, 2023
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EBITDA
-$12.72 K (USD)82.03as on Mar 31, 2023
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Total Equity Funding
$213.1 K (USD)
in 3 rounds
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Latest Funding Round
$59.42 K (USD), Angel Round
May 14, 2018
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Investors
& 22 more
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Employee Count
5
as on Mar 31, 2024
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Funding Insights of Onfees
Onfees has successfully raised a total of $213.1K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $59.42 thousand completed in May 2018. 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 3
- Last Round Angel Round — $59,420
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First Round
First Round
(10 Aug 2017)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Angel Round - Onfees | Valuation | Abhyjeet Bhansali , Asha Shah |
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| Nov, 2017 | Amount | Angel Round - Onfees | Valuation | Saurabh Kothari , Pragna Haria |
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| Aug, 2017 | Amount | Angel Round - Onfees | Valuation | Hiren Gogri , Bimal Vora |
Investors in Onfees
Onfees has secured backing from 23 investors, including angel investors. Prominent investors backing the company include Abhyjeet Bhansali, Asha Shah and Saurabh Kothari.
| Investor | Description | Founded Year | Domain | Location |
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AB
Abhyjeet Bhansali |
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Founded Year | Domain | Location |
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AS
Asha Shah |
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Founded Year | Domain | Location |
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SK
Saurabh Kothari |
Angel investor and entrepreneur, focused on tech startups in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by Onfees
Financial Statements - Onfees
Onfees Comparisons
Competitors of Onfees
Onfees 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 PowerSchool, GoGuardian, Next Education, GrayQuest and Jodo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for K-12 education is provided.
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| domain | founded_year | HQ Location |
School devices and student activities are monitored via AI platform.
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| domain | founded_year | HQ Location |
End-to-end SaaS-based K-12 education solutions are provided.
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| domain | founded_year | HQ Location |
SaaS-based fee collection platform for educational institutions is offered.
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| domain | founded_year | HQ Location |
Automated fee management platform for educational institutions is provided.
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| domain | founded_year | HQ Location |
Cloud-based ERP software for schools is offered.
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Frequently Asked Questions about Onfees
Onfees was founded in 2017.
Onfees is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mayur Jain is the current CEO of Onfees. They have also founded this company.
Onfees is a funded company, having raised a total of $213.1K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $77.41K, raised on Aug 10, 2017.
As of Mar 31, 2024, the latest employee count at Onfees is 5.
Annual revenue of Onfees is $156.78K as on Mar 31, 2023.
Onfees was founded in 2017 in Mumbai, India, as an online portal for handling educational fees. Institutions are registered on the platform, with bank accounts linked to profiles for transaction processing. Students select their institute, complete payments via the site, and obtain digital receipts. The service supports clients such as Sandesh group of colleges, St. Xaviers school in Kalyan, and Nirmala Niketan college.
Onfees's top competitors include PowerSchool, GoGuardian and Next Education.
Onfees has 23 investors. Key investors include Abhyjeet Bhansali, Asha Shah, Saurabh Kothari, Pragna Haria, and Saurabh Kothari.
The valuation of Onfees is $2.42M as of May 2018.