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
***********
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Phone
*********
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Website
*********
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Social
*********
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $660,324
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First Round
First Round
(20 Oct 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series A - Phocket | Valuation | Deepak Falodia , Preety Falodia | |
| Dec, 2019 | Amount | Seed - Phocket | Valuation | Eze Intelligence | |
| Oct, 2018 | Amount | Seed - Phocket | Valuation | Eze Intelligence |
| 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 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. 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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Operates as an NBFC specializing in SME lending and wealth management.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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DF
Deepak Falodia |
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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 Phocket
| 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 - Phocket
| 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 |
Phocket Comparisons
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. 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 |
Branch is focused on providing faster workforce payment solutions.
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| domain | founded_year | HQ Location |
Online personal loans with minimal documentation are offered digitally.
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| domain | founded_year | HQ Location |
Community finance products are offered by Kosh for businesses.
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| domain | founded_year | HQ Location |
Platform offers financial solutions
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| domain | founded_year | HQ Location |
Online platform for consumer loans
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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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Frequently Asked Questions about Phocket
When was Phocket founded?
Phocket was founded in 2018.
Where is Phocket located?
Phocket is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Phocket?
Sumit Jain is the current CEO of Phocket. They have also founded this company.
Is Phocket a funded company?
Phocket is a funded company, having raised a total of $736.11K across 3 funding rounds to date. The company's 1st funding round was a Seed of $47.66K, raised on Oct 20, 2018.
How many employees does Phocket have?
As of Oct 31, 2024, the latest employee count at Phocket is 11.
What is the annual revenue of Phocket?
Annual revenue of Phocket is $418.4K as on Mar 31, 2024.
What does Phocket do?
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.
Who are the top competitors of Phocket?
Phocket's top competitors include Branch, Finnable and Mirae Asset Financial Services.
Who are Phocket's investors?
Phocket has 5 investors. Key investors include DRP Financial Services, Eze Intelligence, Deepak Falodia, Preety Falodia, and Rajendra Kumar Bader.
What is Phocket's valuation?
The valuation of Phocket is $1.03M as of Nov 2020.
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