About P10bank
P10bank is a company based in Bengaluru (India) founded in 2019 by Vikas Prakash Kothari. It operates as a B2C. P10bank has raised $816.51 thousand across 2 funding rounds from investors including Fosun, Tej Kapoor and Vipin Agarwal. P10bank operates in a competitive market with competitors including Niyo, Freo, Avail Finance, RapiPay and OneBanc Technologies, among others.
- Headquarter Bengaluru, India
- Founders Vikas Prakash Kothari
- Stage Minicorn
- SectorsFinancial Services
- Website p10bank.com
- Legal Name Stay Qurious Ventures Private Limited.
- Date of Incorporation 04 May, 2018
- Jurisdiction V.V Puram, Bangalore, Karnataka, India
- Annual Revenue₹2.1 Lakh
FY 2023 · -99% YoY
- Net Loss-₹29.3 Lakh
FY 2023 · -1366% margin
- EBITDA-₹28.3 Lakh
FY 2023 · -1317% margin
- Total Equity Funding$816.51K (USD)
in 2 rounds
- Latest Funding Round$12.88K (USD), Angel Round
Mar 2019
- InvestorsFosun
& 8 more
Associated legal entities of P10bank
P10bank operates through Stay Qurious Ventures Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Stay Qurious Ventures Private Limited CIN U72900KA2018PTC112848 | Strike Off | 04 May 2018 | Bangalore, Karnataka | ₹0.0 Cr | – | 2 | View details |
Funding Insights of P10bank
P10bank has successfully raised a total of $816.51K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $12.88 thousand completed in March 2019. 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 $816,510
- Total Rounds 2
- Last Round Angel Round — $12,879
- First Round $803,631
(Sep 2018)
- Investors Count 9
All 2 funding rounds of P10bank 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 2019 | $12,879 | Angel Round | $2.54M | Tej Kapoor | |
| Sep 2018 | $803,631 | Seed | $2.41M | Fosun |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2019 | $2.54M | •••••••• |
| Sep 2018 | $2.41M | •••••••• |
Last known valuation $2.54M (Mar 2019). 9 investors in total: 1 institutional and 8 angel.
Investors in P10bank
P10bank has secured backing from 9 investors, including angel and institutional investors. Prominent investors backing the company include Fosun, Tej Kapoor and Vipin Agarwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment, asset management, and insurance services are offered globally. | 1992 | fosun.com | Shanghai, China | |
TK Tej Kapoor | Managing Partner at IvyCap Ventures, active angel investor in Indian startups | – | unknown_181108a68e564d619 | - |
VA Vipin Agarwal | Angel investor and entrepreneur, founder of VA Consulting, active in Indian startups | – | unknown_1901838249874bcea | - |
AA Ankit Aggarwal | Founder & CEO of Unstop, active angel investor in Indian startups | – | unknown_d603237b609645098 | - |
AA Ankit Aggarwal | - | – | unknown_52c0a827aa364d72b | - |
KV Karan Virwani | - | – | unknown_7b367598f30a4533a | - |
EB Eric Bunting | - | – | unknown_f014999888154e008 | - |
KV Krishna Vinjamuri | Angel investor and tech leader, ex-Google, focused on early-stage startups | – | unknown_5eda2eea0dc94bbc9 | - |
KV Krishna Vinjamuri | - | – | unknown_12dfa85265844ca3a | - |
Investor details for P10bank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Stay Qurious Ventures Private Limited (P10bank)
Stay Qurious Ventures Private Limited is the primary company behind P10bank. The board of Stay Qurious Ventures Private Limited currently have 2 directors; the longest-serving is Swetha Vikas Kothari, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Swetha Vikas Kothari DIN 08125941 | Director | 04 May 2018 | 8 yrs 5 mo | Stay Qurious Ventures Private Limited |
| Vikas Prakash Kothari DIN 08125940 | Director | 04 May 2018 | 8 yrs 5 mo | Stay Qurious Ventures Private Limited |
People of P10bank
1 people are tracked at P10bank (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for P10bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of P10bank
Figures of Stay Qurious Ventures Private Limited, the primary company behind P10bank, for FY 2023. Revenue was ₹2.1 Lakh (-99% year on year). Net loss was -₹29.3 Lakh (-1366% margin). EBITDA was -₹28.3 Lakh (-1317% margin). Revenue has grown at a compounded annual rate of -61% over three years.
- ₹2.1 LakhRevenue · FY 2023 · -99% YoY
- -₹29.3 LakhNet loss · -1366% margin
- -₹28.3 LakhEBITDA · -1317% margin
- ₹1.5 LakhPaid-up capital
- -61%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Stay Qurious Ventures Private Limited are on its company page.
Detailed financial statements for P10bank
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of P10bank
4 dated milestones of P10bank across 1 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $804K.
- Milestone Reaches Minicorn status.
- Founded P10bank is founded.
- Funding Latest funding round, Angel Round, of $13K.
Competitors of P10bank
P10bank 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 Niyo, Freo, Avail Finance, RapiPay and OneBanc Technologies, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goniyo.com | 2015 | Bengaluru, India | $179.35M | 410 | Online platform for wealth management | |
| freo.money | 2015 | Bengaluru, India | $46.31M | 177 | Digital banking services are offered to individual users. | |
| availfinance.in | 2017 | Bengaluru, India | $38.48M | 2 | Neobank for individuals | |
| rapipay.com | 2018 | Delhi, India | $24M | 606 | Agent-based payment solutions for businesses are provided. | |
| onebanc.ai | 2019 | Gurugram, India | $8.34M | 34 | AI-powered online banking solutions are integrated with HR workflows. |
Detailed competitors of P10bank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on P10bank
Complete news archive for P10bank
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.
Similar companies to P10bank
10 companies that operate in the same segment as P10bank (Cloud Banking), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers IT consulting, software development, cloud services, and security solutions. | 2001 | Gurugram, Haryana, India | – | USD 25.43 M | 786 | |
Offers app-based correspondent banking services for users. | 2015 | Mumbai, Maharashtra, India | – | USD 1.72 M | 44 | |
Offers digital transformation, cloud development, QA automation, and consulting services. | 2008 | Hyderabad, Telangana, India | – | USD 8.14 M | 324 | |
Offers cloud-native banking software and services to global financial institutions. | 1999 | Bengaluru, Karnataka, India | – | USD 422.95 M | 2,644 | |
AI consulting, engineering, and training services provided worldwide. | 2013 | Jaipur, Rajasthan, India | – | USD 18.96 M | 713 | |
Operates as an urban co-operative bank, offering financial services to community members. | 1979 | Ballari, Karnataka, India | – | – | – | |
Cloud-based app for generating, managing, and sending invoices with secure backups. | – | Vadodara, Gujarat, India | – | USD 22.77 K | – | |
Delivers IT services in automation, cloud, and digital transformation for enterprises worldwide. | 1971 | Mumbai, Maharashtra, India | – | USD 17.44 M | – | |
Money-saving mobile apps are developed for consumers and businesses. | 2012 | Detroit, Michigan, United States | USD 700 K | – | – | |
Banking software solutions and digital transformation services for financial institutions in India. | 1996 | Nashik, Maharashtra, India | – | USD 2.9 M | 247 |
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Frequently Asked Questions about P10bank
P10bank was founded in 2019.
P10bank is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vikas Prakash Kothari is the current CEO of P10bank. They have also founded this company.
P10bank is a funded company, having raised a total of $816.51K across 2 funding rounds to date. The company's 1st funding round was a Seed of $803.63K, raised on Sep 2018.
The primary company behind P10bank, Stay Qurious Ventures Private Limited, reported revenue of ₹2.1 Lakh for FY 2023, down 99% year on year.
P10bank, founded in 2019 in Bengaluru, India, focuses on offering financial products and advice, banking, online banking, and consumer banking. Operates as an internet-first bank serving consumer financial needs. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
P10bank's top competitors include Freo, Niyo and OneBanc Technologies.
P10bank has 9 investors. Key investors include Fosun, Tej Kapoor, Vipin Agarwal, Ankit Aggarwal, and Ankit Aggarwal.
The valuation of P10bank is $2.54M as of Mar 2019.
P10bank operates through Stay Qurious Ventures Private Limited.
The legal entities of P10bank currently have 2 directors, including Swetha Vikas Kothari, Vikas Prakash Kothari.