About Orowealth
Orowealth is a company based in Mumbai (India) founded in 2015 by Yogesh Powar was acquired by InCred Capital in January 2023.. Orowealth has raised $2 million across 2 funding rounds from investors including Money Forward, InCred Capital and Social Capital. The company has 39 employees as of April 05, 2024. Orowealth has completed 1 acquisition, including WealthTrust. Orowealth offers products and services including Mutual Funds Platform, SIP Calculator, and Mobile Apps. Orowealth operates in a competitive market with competitors including Kristal, Wahed, FundExpert, Elever and Goalwise, among others.
- Headquarter Mumbai, India
- Employees 39 as on 05 Apr, 2024
- Founders Yogesh Powar
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Alpha Fintech Private Limited
- Date of Incorporation 30 Dec, 2015
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$296.97 K (USD)-30.25as on Mar 31, 2023
-
Net Profit
$-404.26 K (USD)-271.53as on Mar 31, 2023
-
EBITDA
$-383.41 K (USD)-211.43as on Mar 31, 2023
-
Total Equity Funding
$2 M (USD)
in 2 rounds
-
Latest Funding Round
$1.6 M (USD), Series A
May 29, 2018
-
Investors
Money Forward
& 8 more
-
Employee Count
39
as on Apr 05, 2024
- Investments & Acquisitions
-
Acquired by
InCred Capital
(Jan 02, 2023)
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
Products & Services of Orowealth
Orowealth offers a comprehensive portfolio of products and services, including Mutual Funds Platform, SIP Calculator, and Mobile Apps. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online system for buying and managing mutual fund investments.
Calculator for estimating returns on systematic investment plans.
Apps for portfolio management and investment tracking on mobile.
Funding Insights of Orowealth
Orowealth has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.6 million 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 2
- Last Round Series A — $1.6M
-
First Round
First Round
(01 Jun 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series A - Orowealth | Valuation | Powerhouse Ventures | |
| Jun, 2016 | Amount | Seed - Orowealth | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Orowealth
Orowealth has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Money Forward, InCred Capital and Social Capital. 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 |
|---|---|---|---|---|
|
Venture capital firm focused on early-stage investments
|
Founded Year | Domain | Location | |
|
US focused VC firm investing in seed & growth stage companies
|
Founded Year | Domain | Location | |
|
Incubator & VC firm Tech focused investing in primarily Japan & Taiwan
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Orowealth
Orowealth has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include WealthTrust. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
A zero-commission wealth management app for users.
|
2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Orowealth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Orowealth Comparisons
Competitors of Orowealth
Orowealth 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 Kristal, Wahed, FundExpert, Elever and Goalwise, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based asset management is offered for individual investors.
|
|
| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
|
|
| domain | founded_year | HQ Location |
Automated mutual fund investing platform
|
|
| domain | founded_year | HQ Location |
Goal-based investments are enabled via an app-based platform.
|
|
| domain | founded_year | HQ Location |
Goal-based investing platform
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Orowealth
Frequently Asked Questions about Orowealth
When was Orowealth founded?
Orowealth was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Orowealth located?
Orowealth is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Orowealth?
Vijay Kuppa is the current CEO of Orowealth.
Is Orowealth a funded company?
Orowealth is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $400K, raised on Jun 01, 2016.
How many employees does Orowealth have?
As of Apr 05, 2024, the latest employee count at Orowealth is 39.
What is the annual revenue of Orowealth?
Annual revenue of Orowealth is $296.97K as on Mar 31, 2023.
What does Orowealth do?
Orowealth was founded in 2015 in Mumbai, India, within the fintech sector. A platform is operated to enable investments in alternative assets with predictable returns and mutual funds. Diversification strategies are incorporated to reduce downside risks. Access is granted to options typically reserved for high-net-worth individuals. Mobile applications are utilized for ongoing portfolio management and oversight.
Who are the top competitors of Orowealth?
Orowealth's top competitors include Kristal, Wahed and FundExpert.
What products or services does Orowealth offer?
Orowealth offers Mutual Funds Platform, SIP Calculator, and Mobile Apps.
How many acquisitions has Orowealth made?
Orowealth has made 1 acquisition, including WealthTrust.
Who are Orowealth's investors?
Orowealth has 9 investors. Key investors include Money Forward, InCred Capital, Social Capital, Powerhouse Ventures, and B Dash Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.