About Phocket
Phocket is a company based in Delhi (India) founded in 2018 by Piyush Jain and Sumit Jain. Phocket has raised $736.11 thousand across 3 funding rounds from investors including DRP Financial Services, Eze Intelligence and Deepak Falodia. The company has 11 employees as of October 31, 2024. Phocket operates in a competitive market with competitors including Branch, Finnable, Kosh, Mirae Asset Financial Services and Loan Granted, among others.
- Headquarter Delhi, India
- Employees 11 as on 31 Oct, 2024
- Founders Piyush Jain, Sumit Jain
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
$418.4 K (USD)-43as on Mar 31, 2024
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Net Profit
-$129.59 K (USD)-1364as on Mar 31, 2024
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EBITDA
-$123.8 K (USD)-732as on Mar 31, 2024
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Total Equity Funding
$736.11 K (USD)
in 3 rounds
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Latest Funding Round
$660.32 K (USD), Series A
Nov 20, 2020
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Investors
DRP Financial Services
& 4 more
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Employee Count
11
as on Oct 31, 2024
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Funding Insights of Phocket
Phocket has successfully raised a total of $736.11K across 3 strategic funding rounds. The most recent funding activity was a Series A round of $660.32 thousand completed in November 2020. 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 Phocket
Phocket has secured backing from 5 investors, including institutional and angel investors. Prominent investors backing the company include DRP Financial Services, Eze Intelligence and Deepak Falodia.
| Investor | Description | Founded Year | Domain | Location |
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Operates as an NBFC specializing in SME lending and wealth management.
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DF
Deepak Falodia |
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Investor details for Phocket
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Investments & Acquisitions by Phocket
Investment portfolio details for Phocket
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Financial Statements - Phocket
Detailed financials for Phocket
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Phocket Comparisons
Peer comparison for Phocket
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Competitors of Phocket
Phocket 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 Branch, Finnable, Kosh, Mirae Asset Financial Services and Loan Granted, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Branch is focused on providing faster workforce payment solutions.
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Online personal loans with minimal documentation are offered digitally.
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Community finance products are offered by Kosh for businesses.
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Platform offers financial solutions
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Online platform for consumer loans
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Detailed competitors of Phocket
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Latest news on Phocket
Complete news archive for Phocket
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Frequently Asked Questions about Phocket
Phocket was founded in 2018.
Phocket is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Sumit Jain is the current CEO of Phocket. They have also founded this company.
Phocket is a funded company, having raised a total of $736.11K across 3 funding rounds to date.
As of Oct 31, 2024, the latest employee count at Phocket is 11.
Annual revenue of Phocket is $418.4K as on Mar 31, 2024.
Phocket was founded in 2018 in Delhi, India, as a direct lender in the fintech sector. An online platform is operated to provide consumer loans such as personal, payday, healthcare, and education options. Personal information and documents are required from users for approval, after which funds are transferred to registered bank accounts. The application is accessible on Android and iOS devices.
Phocket's top competitors include Branch, Finnable and Mirae Asset Financial Services.
Phocket has 5 investors. Key investors include DRP Financial Services, Eze Intelligence, Deepak Falodia, Preety Falodia, and Rajendra Kumar Bader.
The valuation of Phocket is $1.03M as of Nov 2020.