About PensionBox
PensionBox is a company based in Firozabad (India) founded in 2021 by Shafi Akhtar, Shivam Parashar, and Kuldeep Parashar was acquired by Rainmatter in February 2026.. PensionBox has raised $1.05 million across 4 funding rounds from investors including LetsVenture, Sat Industries and Keynote India. The company has 1 employees as of April 04, 2024. PensionBox operates in a competitive market with competitors including Smart Pension, XPS Pensions Group, Premium Pension, Aptia Group and Now Pensions, among others.
- Headquarter Firozabad, India
- Employees 1 as on 04 Apr, 2024
- Founders Shafi Akhtar, Shivam Parashar, Kuldeep Parashar
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Asht Capital Private Limited
- Date of Incorporation 18 Feb, 2021
- Jurisdiction Firozabad, Uttar Pradesh, India
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Annual Revenue
$119.09 (USD)0as on Mar 31, 2023
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Net Profit
$-177.1 K (USD)-475.29as on Mar 31, 2023
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EBITDA
$-174.44 K (USD)-487.37as on Mar 31, 2023
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Total Equity Funding
$1.05 M (USD)
in 4 rounds
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Latest Funding Round
$361.13 K (USD), Angel Round
Feb 01, 2024
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Investors
LetsVenture
& 30 more
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Employee Count
1
as on Apr 04, 2024
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Acquired by
Rainmatter
(Feb 11, 2026)
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Funding Insights of PensionBox
PensionBox has successfully raised a total of $1.05M across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $361.13 thousand completed in February 2024. 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 4
- Last Round Angel Round — $361,125
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First Round
First Round
(04 Dec 2021)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Angel Round - PensionBox | Valuation |
investors |
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| Jun, 2023 | Amount | Seed - PensionBox | Valuation | Keynote | |
| Nov, 2022 | Amount | Seed - PensionBox | Valuation | Nithin Kamath |
| 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 PensionBox
PensionBox has secured backing from 31 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include LetsVenture, Sat Industries and Keynote India. 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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Early-stage startups are funded by 100X.VC venture capital firm.
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Founded Year | Domain | Location | |
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Indian fund focused on fintech, health, and climate initiatives.
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Founded Year | Domain | Location | |
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PP/HDPE woven bags are manufactured by Sat Industries.
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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 PensionBox
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - PensionBox
| 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 |
Pensionbox Comparisons
Competitors of PensionBox
PensionBox 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 Smart Pension, XPS Pensions Group, Premium Pension, Aptia Group and Now Pensions, 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 |
Pension management and administration are provided for businesses.
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| domain | founded_year | HQ Location |
Pension investment management services are provided by XPS Pensions Group.
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| domain | founded_year | HQ Location |
Offers comprehensive pension planning services for financial security.
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| domain | founded_year | HQ Location |
Pensions administration services for schemes and members in financial sector.
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| domain | founded_year | HQ Location |
Tech-enabled pension management platform is provided for enterprises.
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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 Pensionbox
Frequently Asked Questions about PensionBox
When was PensionBox founded?
PensionBox was founded in 2021.
Where is PensionBox located?
PensionBox is headquartered in Firozabad, India. It is registered at Firozabad, Uttar Pradesh, India.
Who is the current CEO of PensionBox?
Kuldeep Parashar is the current CEO of PensionBox. They have also founded this company.
Is PensionBox a funded company?
PensionBox is a funded company, having raised a total of $1.05M across 4 funding rounds to date. The company's 1st funding round was a Seed of $499.38K, raised on Dec 04, 2021.
How many employees does PensionBox have?
As of Apr 04, 2024, the latest employee count at PensionBox is 1.
What is the annual revenue of PensionBox?
Annual revenue of PensionBox is $119.09 as on Mar 31, 2023.
What does PensionBox do?
Retirement planning platform for the workforce. It provides AI-enabled personalized retirement plans for consumers. It allows users to save and adjust the frequency of the savings based on preferences. The application is available for iOS and Android users.
Who are the top competitors of PensionBox?
PensionBox's top competitors include Smart Pension, XPS Pensions Group and Now Pensions.
Who are PensionBox's investors?
PensionBox has 31 investors. Key investors include LetsVenture, Sat Industries, Keynote India, dJAX Technologies, and Shavdia Ventures.
What is PensionBox's valuation?
The valuation of PensionBox is $2.57M as of Nov 2022.