About OpenQ
OpenQ is a company based in Mumbai (India) founded in 2018 was acquired by PhonePe in May 2022.. OpenQ operates in a competitive market with competitors including axio, EasyPlan, MoneyPlanned, SaveSage and Index, among others.
- Headquarter Mumbai, India
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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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- Legal Name Quantech Capital
- Date of Incorporation 13 Aug, 2018
- Jurisdiction Bangalore South, Karnataka, India
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Funding Insights of OpenQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 OpenQ
OpenQ has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include PhonePe. 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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Payment, financial, investment, and lending services are provided digitally.
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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 OpenQ
| 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 - OpenQ
| 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 |
Openq Comparisons
Competitors of OpenQ
OpenQ 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 axio, EasyPlan, MoneyPlanned, SaveSage and Index, 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 |
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| domain | founded_year | HQ Location |
An online lending platform for point-of-sale financing is provided.
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| domain | founded_year | HQ Location |
Expense tracking, savings and investment platform
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| domain | founded_year | HQ Location |
AI-driven financial planning platform for individuals
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| domain | founded_year | HQ Location |
Platform that offers strategies for saving money along with credit card rewards and loyalty programs
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| domain | founded_year | HQ Location |
Personal finances are managed via an app-based platform for individuals.
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Mobile app for tracking and managing user expenses on devices.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about OpenQ
When was OpenQ founded?
OpenQ was founded in 2018.
Where is OpenQ located?
OpenQ is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
What is the annual revenue of OpenQ?
Annual revenue of OpenQ is $142.85K as on Mar 31, 2023.
What does OpenQ do?
OpenQ is associated with Quantech Capital. Specific details about activities, sectors, or solutions offered by the company are not provided on the website. Further information regarding their operations or focus areas remains unavailable based on the current content.
Who are the top competitors of OpenQ?
OpenQ's top competitors include axio, EasyPlan and MoneyPlanned.
Who are OpenQ's investors?
OpenQ has 1 investor. Key investors include PhonePe.
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