About Phocket
Phocket is a Financial Services company based in Delhi (India) founded in 2018 by Piyush Jain and Sumit Jain. Various consumer loans are offered through an online platform. 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. Phocket was last valued at $1.03 million in November 2020. Its chief executive, as recorded, is Sumit Jain. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Finnable, Kosh and Mirae Asset Financial Services; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Employees 11
- Founders Piyush Jain, Sumit Jain
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website phocket.in
- Social LinkedIn X Facebook
- Annual Revenue$418.4 K (USD)-43as on Mar 31, 2024
- Net Profit-$129.59 K (USD)-1364as on Mar 31, 2024
- EBITDA-$123.8 K (USD)-732as on Mar 31, 2024
- Total Equity Funding$736.11K (USD)
in 3 rounds
- Latest Funding Round$660.32K (USD), Series A
Nov 2020
- InvestorsDRP Financial Services
& 4 more
- Employee Count11
Associated legal entities of Phocket
Phocket is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Phocket Finance Private Limited CIN U70200DL2020PTC374720 | Active | 18 Dec 2020 | New Delhi, Delhi | ₹0.0 Cr | 2 | View details | |
| Phocket Infotech Private Limited CIN U74999DL2018PTC335760 | Active | 26 Jun 2018 | New Delhi, Delhi | ₹3.1 Cr | 15 | 4 | View details |
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 $736,113
- Total Rounds 3
- Last Round Series A — $660,324
- First Round $47,657
(Oct 2018)
- Investors Count 5
All 3 funding rounds of Phocket 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 |
|---|---|---|---|---|---|
| Nov 2020 | $660,324 | Series A | $1.03M | Deepak Falodia, Preety Falodia | |
| Dec 2019 | $28,132 | Seed | $2.44M | Eze Intelligence | |
| Oct 2018 | $47,657 | Seed | $••••• | Eze Intelligence |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2020 | $1.03M | •••••••• |
| Dec 2019 | $2.44M | •••••••• |
Last known valuation $1.03M (Nov 2020). 5 investors in total: 2 institutional and 3 angel.
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 |
|---|---|---|---|---|
Operates as an NBFC specializing in SME lending and wealth management. | 1967 | drpfinance.com | Delhi, India | |
| ezeintelligence.tcc.mode | ||||
DF Deepak Falodia | unknown_0fb7ff5854784363a | |||
PF Preety Falodia | unknown_ba21d981fc1a49be8 | |||
RK Rajendra Kumar Bader | unknown_0ff5c5797a144e88b |
Investor details for Phocket
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Board of directors of Phocket
The boards of the 2 registered companies of Phocket currently have 5 directors; the longest-serving is Priyanka Jain, appointed in 2020. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Priyanka Jain DIN 06566603 | Director | 28 Nov 2020 | 5 yrs 10 mo | Phocket Infotech Private Limited |
| Sumit Jain DIN 07611753 | Director | 18 Dec 2020 | 5 yrs 10 mo | Phocket Finance Private Limited, Phocket Infotech Private Limited |
| Rajendra Kumar Bader DIN 00860980 | Additional Director | 11 Jul 2023 | 3 yrs 3 mo | Phocket Infotech Private Limited |
| Deepak Kumar Falodia DIN 09387249 | Additional Director | 28 Nov 2023 | 2 yrs 10 mo | Phocket Infotech Private Limited |
| Tapan Kumar DIN 09393524 | Additional Director | 26 Feb 2024 | 2 yrs 7 mo | Phocket Finance Private Limited |
People of Phocket
2 people are tracked at Phocket (2 in leadership); the tracked headcount is 11.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Phocket
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Financials of Phocket
Figures of Phocket Finance Private Limited, the primary company behind Phocket, for FY 2022. Revenue was ₹2.6 Lakh (+6% year on year). Net profit was ₹1.6 Lakh (62% margin). EBITDA was -₹7,199 (-3% margin).
- ₹2.6 LakhRevenue · FY 2022 · +6% YoY
- ₹1.6 LakhNet profit · 62% margin
- -₹7,199EBITDA · -3% margin
- ₹2.00 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Phocket Finance Private Limited are on its company page.
Detailed financial statements for Phocket
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Timeline of Phocket
4 dated milestones of Phocket across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Phocket is founded.
- Funding First funding round of $48K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $660K.
Competitors of Phocket
Phocket has 3 listed competitors in our database, 2 of them funded. They include Finnable, Kosh and Mirae Asset Financial Services.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| finnable.com | 2015 | Bengaluru, India | $33.9M | 1,409 | Online personal loans with minimal documentation are offered digitally. | |
| getkosh.com | 2019 | Gurugram, India | $9.03M | 152 | Community finance products are offered by Kosh for businesses. | |
| miraeassetfin.com | 2020 | Mumbai, India | 54 | Platform offers financial solutions |
Detailed competitors of Phocket
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Web traffic of Phocket
Websites that share an audience with Phocket (phocket.in).
Websites whose visitors overlap most with Phocket. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| privo.in | 100% | #3,671,575 | View details | ||
xpressloan.in | xpressloan.in | 98% | #1,451,816 | – | |
lendplus.in | lendplus.in | 96% | #368,979 | – | |
| credy.in | 95% | 1.9K | #8,297,999 | View details | |
| vivamoney.in | 94% | #1,117,007 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Phocket
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Top companies in Alternative Lending
3 companies that operate in the same segment as Phocket (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about 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 CEO of Phocket, as recorded in our data. They have also founded this 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 2018.
Phocket has 11 employees.
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 Finnable, Mirae Asset Financial Services and Kosh.
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.
Phocket is associated with 2 legal entities: Phocket Finance Private Limited, Phocket Infotech Private Limited.
The legal entities of Phocket currently have 5 directors, including Tapan Kumar, Sumit Jain, Priyanka Jain and others.