About PhoneParLoan
PhoneParLoan is a company based in Delhi (India) founded in 2015 by Ashwin Bhambri. PhoneParLoan has raised $611.17 thousand across 9 funding rounds from investors including Lead Angels, Incubate Fund India and CashBus. PhoneParLoan operates in a competitive market with competitors including Yaper, Blink Card, UrgentCash, Fiddo Loans and BadaBro, among others.
- Headquarter Delhi, India
- Founders Ashwin Bhambri
- 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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- Legal Name Millennial Card Technologies Private Limited
- Date of Incorporation 17 May, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$41.74 K (USD)8375.57as on Mar 31, 2020
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Net Profit
-$148.26 K (USD)36.92as on Mar 31, 2020
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EBITDA
-$147.82 K (USD)36.5as on Mar 31, 2020
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Total Equity Funding
$611.17 K (USD)
in 9 rounds
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Latest Funding Round
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Investors
Lead Angels
& 29 more
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Employee Count
Employee Count
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Funding Insights of PhoneParLoan
PhoneParLoan has successfully raised a total of $611.17K across 9 strategic funding rounds. 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 9
- Last Round Last Round
- First Round First Round
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - PhoneParLoan | Valuation | Orbit Startups |
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| Feb, 2020 | Amount | Seed - PhoneParLoan | Valuation |
investors |
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| Feb, 2019 | Amount | Seed - PhoneParLoan | Valuation |
investors |
Investors in PhoneParLoan
PhoneParLoan has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lead Angels, Incubate Fund India and CashBus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startups are incubated across sectors without restrictions.
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Founded Year | Domain | Location | |
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Venture capital and accelerator services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Investment in high-growth startups and angel funding services in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by PhoneParLoan
Financial Statements - PhoneParLoan
Phoneparloan Comparisons
Competitors of PhoneParLoan
PhoneParLoan 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 Yaper, Blink Card, UrgentCash, Fiddo Loans and BadaBro, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Delivers app-based personal credit lines to individuals for flexible financial solutions.
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| domain | founded_year | HQ Location |
Offers virtual prepaid debit cards for online and NFC payments with security features.
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| domain | founded_year | HQ Location |
Offers an app-based platform for personal credit lines.
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| domain | founded_year | HQ Location |
Offers an online platform for personal credit lines and comprehensive financial solutions.
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| domain | founded_year | HQ Location |
Instant loans via app for professionals and students in India.
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Frequently Asked Questions about PhoneParLoan
PhoneParLoan was founded in 2015 and raised its 1st funding round 1 year after it was founded.
PhoneParLoan is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Ashwin Bhambri is the current CEO of PhoneParLoan. They have also founded this company.
PhoneParLoan is a funded company, having raised a total of $611.17K across 9 funding rounds to date. The company's 1st funding round was a Seed of $74.76K, raised on Jun 01, 2016.
Annual revenue of PhoneParLoan is $41.74K as on Mar 31, 2020.
PhoneParLoan was established in 2015 in Delhi, India, as an online platform in the fintech sector. Short-term personal loans are facilitated for users through a digital application process. Applicants submit personal details, income verification, banking information, and related documents entirely online. Operations focus on connecting consumers with loan options in the Indian market.
PhoneParLoan's top competitors include Yaper, BadaBro and Fiddo Loans.
PhoneParLoan has 30 investors. Key investors include Lead Angels, Incubate Fund India, CashBus, PitchRight Ventures, and Satin Neo Dimensions.
The valuation of PhoneParLoan is $5.65M as of Feb 2020.