About Pencilton
Pencilton is a company based in Hyderabad (India) founded in 2017 by Pallavi Tipparaju, Venkata Anupama Pureti, and Vishwajit Pureti. It operates as a B2C. Pencilton has raised $330 thousand across 1 funding round from investors including Jupiter Money, Nilesh Patel and Ashish Sharma. Pencilton operates in a competitive market with competitors including Greenlight, FamApp, Junio, YPay Card and Funngro, among others.
- Headquarter Hyderabad, India
- Founders Pallavi Tipparaju, Venkata Anupama Pureti, Vishwajit Pureti
- Stage Minicorn
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
- Legal Name Onaru Ventures Private Limited
- Date of Incorporation 19 Sep, 2017
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$18.06 K (USD)632.07as on Mar 31, 2022
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Net Profit
-$107.82 K (USD)-507.73as on Mar 31, 2022
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EBITDA
-$142.17 K (USD)-504.37as on Mar 31, 2022
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Total Equity Funding
$330 K (USD)
in 1 rounds
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Latest Funding Round
$330 K (USD), Seed
Feb 25, 2021
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Investors
Jupiter Money
& 10 more
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Employee Count
Not available
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Funding Insights of Pencilton
Pencilton has successfully raised a total of $330K through 1 strategic funding round. The most recent funding activity was a Seed round of $330 thousand completed in February 2021. 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 Pencilton
Pencilton has secured backing from 11 investors, including institutional and angel investors. Prominent investors backing the company include Jupiter Money, Nilesh Patel and Ashish Sharma.
| Investor | Description | Founded Year | Domain | Location |
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Provider of financial platform offering accounts, payments, credit cards, and investments
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Locked | Locked | Locked | |
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Solutions are delivered by Imediablitz in Delhi, India.
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NP
Nilesh Patel |
Indian angel investor, tech entrepreneur, focused on early-stage startups
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Locked | Locked | Locked |
Investor details for Pencilton
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Investments & Acquisitions by Pencilton
Investment portfolio details for Pencilton
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Financial Statements - Pencilton
Detailed financials for Pencilton
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Pencilton Comparisons
Peer comparison for Pencilton
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Competitors of Pencilton
Pencilton 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 Greenlight, FamApp, Junio, YPay Card and Funngro, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
App-based investment platform for kids and teens is operated.
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| Locked | Locked | Locked |
FamApp by Trio is focused on financial inclusion for the next generation through UPI and card payment solutions.
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| Locked | Locked | Locked |
Provider of a digital payment platform that offers a prepaid RuPay powered smartcard designed for students to manage their day-to-day online and offline expenses, track spending, and earn rewards
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| Locked | Locked | Locked |
Payment cards for teens are issued to manage personal spending.
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| Locked | Locked | Locked |
Earning platform for youngsters is provided via project-based freelancing.
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Detailed competitors of Pencilton
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Latest news on Pencilton
Complete news archive for Pencilton
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Frequently Asked Questions about Pencilton
Pencilton was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Pencilton is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Pencilton is a funded company, having raised a total of $330K across 1 funding round to date.
Annual revenue of Pencilton is $18.06K as on Mar 31, 2022.
Pencilton, led by Pallavi Tipparaju as Co-Founder, Venkata Anupama Pureti as Co-Founder, Vishwajit Pureti as Co-Founder, specializes in offering financial products and advice, fintech, providing payment solutions, and prepaid cards. An app-based platform offering prepaid card services for users. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Pencilton's top competitors include FamApp, Greenlight and Junio.
Pencilton has 11 investors. Key investors include Jupiter Money, Nilesh Patel, Ashish Sharma, Abhishek Goyal, and Kunal Sinha.
The valuation of Pencilton is $1.74M as of Feb 2021.