About OpenTap
OpenTap is a company based in Chennai (India) founded in 2014 by Suresh Venkataramani. OpenTap has raised $449.78 thousand across 2 funding rounds from investors including Asha Lakshminarasimhan, Arun Kumar Ramanathan and Lakshminarayanan Ramalingam. The company has 1 employees as of April 09, 2024. OpenTap operates in a competitive market with competitors including Branch, Finnable, Kosh, Mirae Asset Financial Services and Loan Granted, among others.
- Headquarter Chennai, India
- Employees 1 as on 09 Apr, 2024
- Founders Suresh Venkataramani
- Stage Minicorn
-
Sectors
Financial Services
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Vyatta Technology Private Limited
- Date of Incorporation 13 May, 2015
- Jurisdiction Chennai, Tamil Nadu, India
-
Annual Revenue
$40.04 K (USD)267.7as on Mar 31, 2022
-
Net Profit
$8.2 K (USD)89.88as on Mar 31, 2022
-
EBITDA
$21.47 K (USD)440.65as on Mar 31, 2022
-
Total Equity Funding
$449.78 K (USD)
in 2 rounds
-
Latest Funding Round
$449.78 K (USD), Angel Round
May 02, 2018
-
Investors
& 17 more
-
Employee Count
1
as on Apr 09, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of OpenTap
OpenTap has successfully raised a total of $449.78K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $449.78 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.
Investors in OpenTap
OpenTap has secured backing from 18 investors, including angel investors. Prominent investors backing the company include Asha Lakshminarasimhan, Arun Kumar Ramanathan and Lakshminarayanan Ramalingam.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
AL
Asha Lakshminarasimhan |
-
|
Locked | Locked | Locked |
|
AK
Arun Kumar Ramanathan |
-
|
Locked | Locked | Locked |
|
LR
Lakshminarayanan Ramalingam |
-
|
Locked | Locked | Locked |
Investor details for OpenTap
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by OpenTap
Investment portfolio details for OpenTap
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - OpenTap
Detailed financials for OpenTap
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Opentap Comparisons
Peer comparison for OpenTap
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of OpenTap
OpenTap 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 Branch, Finnable, Kosh, Mirae Asset Financial Services and Loan Granted, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Branch is focused on providing faster workforce payment solutions.
|
|
| Locked | Locked | Locked |
Online personal loans with minimal documentation are offered digitally.
|
|
| Locked | Locked | Locked |
Community finance products are offered by Kosh for businesses.
|
|
| Locked | Locked | Locked |
Platform offers financial solutions
|
|
| Locked | Locked | Locked |
Online platform for consumer loans
|
|
| Locked | Locked | Locked |
Various consumer loans are offered through an online platform.
|
Detailed competitors of OpenTap
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Opentap
Complete news archive for OpenTap
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about OpenTap
OpenTap was founded in 2014 and raised its 1st funding round 1 year after it was founded.
OpenTap is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
OpenTap is a funded company, having raised a total of $449.78K across 2 funding rounds to date.
As of Apr 09, 2024, the latest employee count at OpenTap is 1.
Annual revenue of OpenTap is $40.04K as on Mar 31, 2022.
OpenTap was established in 2014 in Chennai, India, as an online platform in the fintech sector. Various consumer loans, including those for healthcare, education, emergencies, and weddings, are offered alongside payday loans for employees. Approvals are determined through credit assessments, loan terms, and related factors. Operations focus on digital loan processing within the Indian market.
OpenTap's top competitors include Branch, Finnable and Mirae Asset Financial Services.
OpenTap has 18 investors. Key investors include Asha Lakshminarasimhan, Arun Kumar Ramanathan, Lakshminarayanan Ramalingam, Preeti M Sudarsan, and Venkatesh P.
The valuation of OpenTap is $19.22M as of May 2018.