About PiChain
PiChain is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 2018. KYC and AML solutions for financial institutions and digital service providers. It operates in the Industrial Goods & Manufacturing, Financial Services, and Technology sectors. PiChain has raised $480.52 thousand across 2 funding rounds from investors including Turbostart, Rishabh Verdia and Saloni Verdia. Its website pichainlabs.com draws about 45 thousand monthly visits. Its Indian entity Pichain Innovations Private Limited reported revenue of ₹5.45 Cr. PiChain offers products and services including Lead Management, Customer Onboarding, Vendor Onboarding, and Employee Onboarding. Its focus areas include FinTech, RegTech, KYC and Banking. Its competitors include Perfios and IDfy; 2 of its 2 listed competitors have raised funding.
Company details
PiChain was founded in 2018 in Bengaluru, India, focusing on the fintech sector. KYC and AML solutions are provided to financial institutions and digital service providers. Services encompass customer onboarding, transaction screening, e-signature capabilities, bank account verification, and additional tools. AI-driven automation is utilized for processes in corporate and retail banking operations.
- Headquarters Bengaluru, India
- SectorsIndustrial Goods & ManufacturingFinancial Services Technology
- Email••••••••
- Website pichainlabs.com
- Social LinkedIn X
- Legal Name Pichain Innovations Private Limited
- Date of Incorporation 13 Nov, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.45 Cr
FY 2024 · +2% YoY
- Net Loss-₹1.91 Cr
FY 2024 · -35% margin
- EBITDA-₹1.90 Cr
FY 2024 · -35% margin
- Total Equity Funding$480.52K (USD)
in 2 rounds
- Latest Funding Round$197.81K (USD), Seed
Feb 2021
- InvestorsTurbostart
& 2 more
Associated legal entities of PiChain
PiChain operates through Pichain Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pichain Innovations Private Limited CIN U72900KA2018PTC118488 | Active | 13 Nov 2018 | Bangalore, Karnataka | ₹5.4 Cr | 3 | View details |
Products & Services of PiChain
PiChain offers a comprehensive portfolio of products and services, including Lead Management, Customer Onboarding, Vendor Onboarding, and Employee Onboarding.
Streamlines lead capture and prioritization to avoid manual follow-ups.
Facilitates secure and compliant customer integration processes.
Handles vendor verification and engagement for businesses.
Automates employee verification and onboarding workflows.
Funding Insights of PiChain
PiChain has successfully raised a total of $480.52K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $197.81 thousand completed in February 2021. 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 $480,524
- Total Rounds 2
- Last Round Seed — $197,809
- First Round $282,715
(Feb 2020)
- Investors Count 3
All 2 funding rounds of PiChain 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 |
|---|---|---|---|---|---|
| Feb 2021 | $197,809 | Seed | – | Turbostart | – |
| Feb 2020 | $282,715 | Seed | – | Turbostart |
3 investors in total: 1 institutional and 2 angel.
Investors in PiChain
PiChain has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Turbostart, Rishabh Verdia and Saloni Verdia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital financing and ecosystem support for early-stage startups globally. | 2019 | turbostart.co | ||
RV Rishabh Verdia | unknown_cab13203a35a4711b | |||
SV Saloni Verdia | unknown_5b83300da93d4478a |
Investor details for PiChain
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Pichain Innovations Private Limited (PiChain)
Pichain Innovations Private Limited is the primary company behind PiChain. The board of Pichain Innovations Private Limited currently have 3 directors; the longest-serving is Rishabh Verdia, appointed in 2021. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rishabh Verdia DIN 03077550 | Director | 24 Dec 2021 | 4 yrs 10 mo | Pichain Innovations Private Limited |
| Kada Raju Ganesh DIN 00203650 | Director | 24 Dec 2021 | 4 yrs 10 mo | Pichain Innovations Private Limited |
| Charudutt Pawan Meshram DIN 09510447 | Director | 18 Feb 2022 | 4 yrs 8 mo | Pichain Innovations Private Limited |
Financials of PiChain
Figures of Pichain Innovations Private Limited, the primary company behind PiChain, for FY 2024. Revenue was ₹5.45 Cr (+2% year on year). Net loss was -₹1.91 Cr (-35% margin). EBITDA was -₹1.90 Cr (-35% margin). Revenue has grown at a compounded annual rate of +126% over three years.
- ₹5.45 CrRevenue · FY 2024 · +2% YoY
- -₹1.91 CrNet loss · -35% margin
- -₹1.90 CrEBITDA · -35% margin
- ₹4.9 LakhPaid-up capital
- +126%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Pichain Innovations Private Limited are on its company page.
Detailed financial statements for PiChain
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PiChain
3 dated milestones of PiChain across 3 years, from founding to its latest funding, stage changes and deals.
- Founded PiChain is founded.
- Funding First funding round of $283K.
- Funding Latest funding round, Seed, of $198K.
Competitors of PiChain
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | Provides financial technology solutions for data analysis and verification globally. | ||
| idfy.com | 2011 | Mumbai, India | $56.03M | 587 | Identity verification, background screening, and fraud prevention solutions are provided. |
Detailed competitors of PiChain
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PiChain
The website of PiChain (pichainlabs.com) receives about 44.7K visits a month.
- Monthly visits44.7K
▲ 167.4% vs previous month
Websites whose visitors overlap most with PiChain. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nuvamawealth.com | 100% | 400.1K | #52,710 | View details | |
nsenmf.com | nsenmf.com | 96% | #1,462,078 | – | |
money.rediff.com | money.rediff.com | 96% | #13,922 | – | |
moneycontrol.com | moneycontrol.com | 78% | #489 | – | |
| google.com | 26% | 85.8B | #1 | View details |
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Frequently Asked Questions about PiChain
PiChain was founded in 2018 and raised its 1st funding round 2 years after it was founded.
PiChain is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
PiChain is a funded company, having raised a total of $480.52K across 2 funding rounds to date. The company's 1st funding round was a Seed of $282.72K, raised on Feb 2020.
The primary company behind PiChain, Pichain Innovations Private Limited, reported revenue of ₹5.45 Cr for FY 2024, up 2% year on year.
PiChain was founded in 2018 in Bengaluru, India, focusing on the fintech sector. KYC and AML solutions are provided to financial institutions and digital service providers. Services encompass customer onboarding, transaction screening, e-signature capabilities, bank account verification, and additional tools. AI-driven automation is utilized for processes in corporate and retail banking operations.
PiChain offers Lead Management, Customer Onboarding, Vendor Onboarding, and Employee Onboarding.
PiChain has 3 investors. Key investors include Turbostart, Rishabh Verdia, and Saloni Verdia.
PiChain operates through Pichain Innovations Private Limited.
The legal entities of PiChain currently have 3 directors, including Rishabh Verdia, Charudutt Pawan Meshram, Kada Raju Ganesh.