About Pencilton
Pencilton was a Financial Services company based in Hyderabad (India) founded in 2017 by Pallavi Tipparaju, Venkata Anupama Pureti, and Vishwajit Pureti. An app-based platform offering prepaid card services for users. It operates on a B2C model. Pencilton has raised $330 thousand across 1 funding round from investors including Jupiter Money, Nilesh Patel and Ashish Sharma. Pencilton was last valued at $1.74 million in February 2021. The company is recorded as dissolved. Its focus areas include Fintech, Payment Solutions and Prepaid Cards. Its legal entity in India is Onaru Ventures Private Limited (U80102TG2017PTC119629). Its competitors include FamApp, Junio and YPay Card; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Hyderabad, India
- Founders Pallavi Tipparaju, Venkata Anupama Pureti, Vishwajit Pureti
- Stage Minicorn
- SectorsFinancial Services
- Website pencilton.com
- Legal Name Onaru Ventures Private Limited
- Date of Incorporation 19 Sep, 2017
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹11,123
FY 2024 · -100% YoY
- Net Loss-₹6.1 Lakh
FY 2024 · -5443% margin
- EBITDA-₹4.7 Lakh
FY 2024 · -4251% margin
- Total Equity Funding$330K (USD)
in 1 rounds
- Latest Funding Round$330K (USD), Seed
Feb 2021
- InvestorsJupiter Money
& 10 more
Associated legal entities of Pencilton
Pencilton operates through Onaru Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Onaru Ventures Private Limited CIN U80102TG2017PTC119629 | Active | 19 Sep 2017 | Hyderabad, Telangana | ₹0.0 Cr | 5 | View details |
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 $330,000
- Total Rounds 1
- Last Round Seed — $330,000
- First Round $330,000
(Feb 2021)
- Investors Count 11
All 1 funding rounds of Pencilton 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 |
|---|---|---|---|---|---|
| Feb 2021 | $330,000 | Seed | $1.74M | Jupiter |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2021 | $1.74M | •••••••• |
Last known valuation $1.74M (Feb 2021). 11 investors in total: 2 institutional and 9 angel.
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 |
|---|---|---|---|---|
Provider of financial platform offering accounts, payments, credit cards, and investments | 2019 | jupiter.money | Mumbai, India | |
Solutions are delivered by Imediablitz in Delhi, India. | Delhi, India | |||
NP Nilesh Patel | Indian angel investor, tech entrepreneur, focused on early-stage startups | unknown_bd0b4230aa5c492eb | ||
AS Ashish Sharma | Angel investor, ex-Sequoia Capital India, focused on early-stage tech startups | unknown_9f23c1d057f34f26b | ||
AG Abhishek Goyal | Founder of Tracxn, active angel investor in Indian startups | unknown_42b98541524e4c2db | ||
KS Kunal Sinha | Angel investor, ex-Ola executive, focused on mobility and tech startups | unknown_37963772e7fe43fe9 | ||
VR Vignesh Ramanujam | Angel investor and tech leader, ex-Amazon, focused on Indian startups | unknown_deb14618a8c1475da | ||
HS Himanshu Sharma | unknown_264fc3155e3943799 | |||
TK Tirumalareddy Karri | unknown_8b595c29298b42c28 | |||
PK Prashant Kumar Singh | Angel investor and entrepreneur, focused on tech startups in India. | unknown_77e660b361074f249 |
Investor details for Pencilton
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 Onaru Ventures Private Limited (Pencilton)
Onaru Ventures Private Limited is the primary company behind Pencilton. The board of Onaru Ventures Private Limited currently have 5 directors; the longest-serving is Venkata Anupama Pureti, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkata Anupama Pureti DIN 07906154 | Director | 19 Sep 2017 | 9 yrs 1 mo | Onaru Ventures Private Limited |
| Vishwajit Pureti DIN 07906174 | Director | 19 Sep 2017 | 9 yrs 1 mo | Onaru Ventures Private Limited |
| Tipparaju Pallavi DIN 08284283 | Director | 22 Nov 2018 | 7 yrs 11 mo | Onaru Ventures Private Limited |
| Ashish Kumar Singh DIN 08530930 | Director | 02 Aug 2019 | 7 yrs 3 mo | Onaru Ventures Private Limited |
| Viraj Gadde DIN 09739268 | Director | 17 Sep 2022 | 4 yrs 1 mo | Onaru Ventures Private Limited |
People of Pencilton
3 people are tracked at Pencilton (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Pencilton
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 Pencilton
Figures of Onaru Ventures Private Limited, the primary company behind Pencilton, for FY 2024. Revenue was ₹11,123 (-100% year on year). Net loss was -₹6.1 Lakh (-5443% margin). EBITDA was -₹4.7 Lakh (-4251% margin). Revenue has grown at a compounded annual rate of -62% over three years.
- ₹11,123Revenue · FY 2024 · -100% YoY
- -₹6.1 LakhNet loss · -5443% margin
- -₹4.7 LakhEBITDA · -4251% margin
- ₹25.3 LakhPaid-up capital
- -62%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Onaru Ventures Private Limited are on its company page.
Detailed financial statements for Pencilton
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 Pencilton
3 dated milestones of Pencilton across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Pencilton is founded.
- Funding First funding round of $330K.
- Milestone Reaches Minicorn status.
Competitors of Pencilton
Pencilton has 3 listed competitors in our database, 3 of them funded. They include FamApp, Junio and YPay Card.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| famapp.in | 2019 | Bengaluru, India | $42.7M | 69 | FamApp by Trio is focused on financial inclusion for the next generation through UPI and card payment solutions. | |
| junio.in | 2020 | Delhi, India | $8.17M | 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 | ||
| ypaycard.com | 2017 | Bareilly, India | $666,667 | 54 | Payment cards for teens are issued to manage personal spending. |
Detailed competitors of Pencilton
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.
Top companies in Travel Fintech
3 companies that operate in the same segment as Pencilton (Travel Fintech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payment services via UPI, cards, and wallets. | 2019 | Bengaluru, Karnataka, India | USD 8.79 | 74 | ||
Provides an app-based platform for group expense sharing and bill splitting. | 2015 | Bengaluru, Karnataka, India | USD 2.47 M | 177 | ||
Offers agent-based solutions for secure payment processing. | 2015 | Ludhiana, Punjab, India |
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
Related news about Pencilton
Complete news archive for Pencilton
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.
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. The company's 1st funding round was a Seed of $330K, raised on Feb 2021.
The primary company behind Pencilton, Onaru Ventures Private Limited, reported revenue of ₹11,123 for FY 2024, down 100% year on year.
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 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.
Pencilton operates through Onaru Ventures Private Limited.
The legal entities of Pencilton currently have 5 directors, including Ashish Kumar Singh, Viraj Gadde, Venkata Anupama Pureti and others.