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
*********
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Website
*********
- 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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $330,000
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First Round
First Round
(25 Feb 2021)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Seed - Pencilton | Valuation | Jupiter |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
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Provider of financial platform offering accounts, payments, credit cards, and investments
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Founded Year | Domain | Location | |
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Solutions are delivered by Imediablitz in Delhi, India.
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Founded Year | Domain | Location | |
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NP
Nilesh Patel |
Indian angel investor, tech entrepreneur, focused on early-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pencilton
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pencilton
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pencilton Comparisons
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. 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 |
App-based investment platform for kids and teens is operated.
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| domain | founded_year | HQ Location |
FamApp by Trio is focused on financial inclusion for the next generation through UPI and card payment solutions.
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Payment cards for teens are issued to manage personal spending.
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| domain | founded_year | HQ Location |
Earning platform for youngsters is provided via project-based freelancing.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pencilton
Frequently Asked Questions about Pencilton
When was Pencilton founded?
Pencilton was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Pencilton located?
Pencilton is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Pencilton a funded company?
Pencilton is a funded company, having raised a total of $330K across 1 funding round to date. The company's 1st funding round was a Seed of $330K, raised on Feb 25, 2021.
What is the annual revenue of Pencilton?
Annual revenue of Pencilton is $18.06K as on Mar 31, 2022.
What does Pencilton do?
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.
Who are the top competitors of Pencilton?
Pencilton's top competitors include FamApp, Greenlight and Junio.
Who are Pencilton's investors?
Pencilton has 11 investors. Key investors include Jupiter Money, Nilesh Patel, Ashish Sharma, Abhishek Goyal, and Kunal Sinha.
What is Pencilton's valuation?
The valuation of Pencilton is $1.74M as of Feb 2021.
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