About Orocorp Technologies
Orocorp Technologies is a Financial Services company based in Chennai (India) founded in 2020 by Rakesh Mani. Alternative investment platform for gold assets. Orocorp Technologies has raised $18.97 million across 8 funding rounds from investors including Premji Invest, 021 Capital and Singularity Investments. Orocorp Technologies was last valued at $45.75 million in June 2023. Its Indian entity Orocorp Technologies Private Limited reported revenue of ₹10.27 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Rupeek, indiagold and Yellow Metal; 3 of its 3 listed competitors have raised funding.
Company details
Orocorp Technologies was founded in 2020 in Chennai, India, as an alternative investment platform focused on gold assets. Operations enable buying, selling, and dealing in these assets through digital means. Tools for assessing user creditworthiness and managing financial plans are provided. Solutions for developing future investment strategies are also offered, serving the financial sector in India.
- Headquarters Chennai, India
- Founders Rakesh Mani
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website orocorp.in
- Social LinkedIn
- Legal Name Orocorp Technologies Private Limited
- Date of Incorporation 22 Apr, 2020
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹10.27 Cr
FY 2024 · +131% YoY
- Net Loss-₹18.14 Cr
FY 2024 · -177% margin
- EBITDA-₹16.14 Cr
FY 2024 · -157% margin
- Total Equity Funding$18.97M (USD)
in 8 rounds
- Latest Funding Round$242.03K (USD), Angel Round
Mar 2024
- InvestorsPremji Invest
& 24 more
Associated legal entities of Orocorp Technologies
Orocorp Technologies is associated with 2 registered companies on The Company Check; the primary company is Orocorp Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Orocorp Technologies Private Limited CIN U67190TN2020PTC135200 | Active | 22 Apr 2020 | Chennai, Tamil Nadu | ₹10.3 Cr | 226 | 5 | View details |
| Tenmark Capital Private Limited CIN U65100TN2020PTC138892 | Active | 22 Oct 2020 | Chennai, Tamil Nadu | ₹0.7 Cr | 1 | 6 | View details |
Apps and channels of Orocorp Technologies
Orocorp Technologies publishes 1 mobile app with over 50K+ downloads.
Funding Insights of Orocorp Technologies
Orocorp Technologies has successfully raised a total of $18.97M across 8 strategic funding rounds. The most recent funding activity was a Angel Round of $242.03 thousand completed in March 2024. 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 $18.97M
- Total Rounds 8
- Last Round Angel Round — $242,025
- First Round $239,518
(Aug 2020)
- Investors Count 25
All 8 funding rounds of Orocorp Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $242,025 | Angel Round | – | – | – |
| Jun 2023 | $13.02M | Series A | $45.75M | Premji Invest, Singularity Investments | |
| Mar 2023 | $60,458 | Angel Round | $23.81M | Sunil Kumar Jain | – |
| Apr 2022 | $130,560 | Angel Round | $••••• | Yash Amit Nanavati | – |
| Aug 2021 | $4.72M | Series A | $••••• | 021 Capital | |
| May 2021 | $259,234 | Angel Round | – | – | – |
| Apr 2021 | $295,176 | Angel Round | $••••• | Mithun Sacheti, Siddhartha Sacheti | |
| Aug 2020 | $239,518 | Angel Round | $••••• | Mahalingam K |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $45.75M | •••••••• |
| Mar 2023 | $23.81M | •••••••• |
| Apr 2022 | $••••• | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Aug 2020 | $••••• | •••••••• |
Full valuation and stage history of Orocorp Technologies
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $45.75M (Jun 2023). 25 investors in total: 7 institutional and 18 angel.
Investors in Orocorp Technologies
Orocorp Technologies has secured backing from 25 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Premji Invest, 021 Capital and Singularity Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provides venture capital for technology startups and enterprise innovations worldwide. | premjiinvest.com | Bengaluru, India | ||
Early & Growth stage tech-focused VC Firm investing in geographies such as Africa | singularityinvest.com | Lagos, Nigeria | ||
Multiple strategies are utilized in hedge fund operations. | threestatecapital.com | Austin, United States | ||
Venture capital firm focused on startups | fdgafamilyfoundation.tcc.mode | |||
Private equity investments in saloons are managed by Singularity Amc. | singularityamc.tcc.mode | Mumbai, India | ||
Early-stage venture capital investment firm | xeed.vc | Bengaluru, India | ||
Investment and funding services are offered by 021 Capital in the finance sector. | 2017 | 021.capital | Bengaluru, India | |
MS Mithun Sacheti | Founder of CaratLane, prominent angel investor in Indian startups | unknown_d347c77d98fe4c7fa | ||
SS Siddhartha Sacheti | unknown_0f8c7e15135247439 | |||
VS Venu Srinivasan | unknown_dc76eca4f394434b8 |
Investor details for Orocorp Technologies
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Board of directors of Orocorp Technologies Private Limited (Orocorp Technologies)
Orocorp Technologies Private Limited is the primary company behind Orocorp Technologies. The boards of the 2 registered companies of Orocorp Technologies currently have 7 directors; the longest-serving is Parth R Shah, appointed in 2020. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Parth R Shah DIN 06596525 | Whole-time director | 22 Apr 2020 | 6 yrs 6 mo | Orocorp Technologies Private Limited, Tenmark Capital Private Limited |
| Rakesh Mani DIN 07203120 | Whole-time director | 22 Apr 2020 | 6 yrs 6 mo | Orocorp Technologies Private Limited, Tenmark Capital Private Limited |
| Sreekesh Krishnan DIN 06564422 | Whole-time director | 22 Apr 2020 | 6 yrs 6 mo | Orocorp Technologies Private Limited, Tenmark Capital Private Limited |
| Krishnamurthy Mahalingam DIN 00413172 | Director | 22 Oct 2020 | 6 yrs | Tenmark Capital Private Limited |
| Sailesh Tulshan DIN 07309300 | Director | 16 Sep 2021 | 5 yrs 1 mo | Orocorp Technologies Private Limited |
| Vikrant Khorana DIN 07454572 | Director | 02 Aug 2023 | 3 yrs 2 mo | Orocorp Technologies Private Limited |
| Vadalur Subramanian Radhakrishnan DIN 08064705 | Director | 27 Sep 2023 | 3 yrs | Tenmark Capital Private Limited |
People of Orocorp Technologies
15 people are tracked at Orocorp Technologies (6 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Yoav Kutner | Founder and CEO | Leadership |
Girish Baranda | Director Of Engineering | Leadership |
Ravikumar Katkamolu | Sales Partner | Leadership |
| Co-founder | Leadership | |
| Co-founder | Leadership | |
Kaustubh Kulkarni | Operations Manager | Team |
Aniket Singh | Senior Software Engineer | Team |
Mayank N. | Senior Software Engineer | Team |
Rakesh Ramesh | QA Engineer | Team |
Resham Acharya | Mobile Engineer | Team |
Sagar Raut | Sales Lead | Team |
Latha G | People Operations Specialist | Team |
Aswin Manoj | Lending Partnerships And Strategic Alliances | Team |
Prem Kumar Katkam | City Lead | Team |
Complete people profiles for Orocorp Technologies
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Financials of Orocorp Technologies
Figures of Orocorp Technologies Private Limited, the primary company behind Orocorp Technologies, for FY 2024. Revenue was ₹10.27 Cr (+131% year on year). Net loss was -₹18.14 Cr (-177% margin). EBITDA was -₹16.14 Cr (-157% margin). Revenue has grown at a compounded annual rate of +808% over three years.
- ₹10.27 CrRevenue · FY 2024 · +131% YoY
- -₹18.14 CrNet loss · -177% margin
- -₹16.14 CrEBITDA · -157% margin
- ₹2.9 LakhPaid-up capital
- 226Employees (provident fund records)
- +808%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Orocorp Technologies Private Limited are on its company page.
Detailed financial statements for Orocorp Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Orocorp Technologies
4 dated milestones of Orocorp Technologies across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Orocorp Technologies is founded.
- Funding First funding round of $240K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $242K.
Competitors of Orocorp Technologies
Orocorp Technologies has 3 listed competitors in our database, 3 of them funded. They include Rupeek, indiagold and Yellow Metal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rupeek.com | 2015 | Bengaluru, India | $193.57M | 664 | An online marketplace for gold loans is facilitated. | |
| indiagold.co | 2020 | Gurugram, India | $23.93M | 308 | Gold loans are provided and digital gold purchases are facilitated. | |
| yellowmetal.co | 2020 | Bengaluru, India | $3.56M | 44 | Platform offering gold loans to rural residents, leveraging the household gold as collateral |
Detailed competitors of Orocorp Technologies
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Verified entity values are shown only after access is granted.
Web traffic of Orocorp Technologies
The website of Orocorp Technologies (orocorp.in) receives about 2K visits a month.
- Monthly visits2K
▲ 24.7% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Orocorp Technologies (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Orocorp Technologies
Complete news archive for Orocorp Technologies
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Frequently Asked Questions about Orocorp Technologies
Orocorp Technologies was founded in 2020.
Orocorp Technologies is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Orocorp Technologies is a funded company, having raised a total of $18.97M across 8 funding rounds to date. The company's 1st funding round was a Angel Round of $239.52K, raised on Aug 2020.
The primary company behind Orocorp Technologies, Orocorp Technologies Private Limited, reported revenue of ₹10.27 Cr for FY 2024, up 131% year on year.
Orocorp Technologies was founded in 2020 in Chennai, India, as an alternative investment platform focused on gold assets. Operations enable buying, selling, and dealing in these assets through digital means. Tools for assessing user creditworthiness and managing financial plans are provided. Solutions for developing future investment strategies are also offered, serving the financial sector in India.
Orocorp Technologies's top competitors include indiagold, Rupeek and Yellow Metal.
Orocorp Technologies has 25 investors. Key investors include Premji Invest, 021 Capital, Singularity Investments, Three State Capital, and FPGA Family Foundation.
The valuation of Orocorp Technologies is $45.75M as of Jun 2023.
Orocorp Technologies is associated with 2 legal entities: Orocorp Technologies Private Limited, Tenmark Capital Private Limited.
The legal entities of Orocorp Technologies currently have 8 directors, including Parth R Shah, Rakesh Mani, Sreekesh Krishnan and others.
Yes. Orocorp Technologies publishes Oro Money | Gold Loans at home, with over 50,000 downloads.