About Piggy
Piggy is a company based in Bengaluru (India) founded in 2016 by Ankush Singh, Nikhil Mantha, and Kunal Sangwan. It operates as a FinTech, and Commission-Based. Piggy has raised $161.79 thousand across 4 funding rounds from investors including Flipkart Leap, Y Combinator and Sumit Shaha. Piggy offers products and services including Direct Mutual Funds, Digital Gold, and EPF Tracker. Piggy operates in a competitive market with competitors including Spenny, Tranako, pennywise and Codeister Technologies, among others.
- Headquarter Bengaluru, India
- Founders Ankush Singh, Nikhil Mantha, Kunal Sangwan
- Stage Minicorn
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Sectors
Technology
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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 Valuevest Services Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$139.89 K (USD)-8.06as on Mar 31, 2023
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Net Profit
$14.22 K (USD)188.56as on Mar 31, 2023
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EBITDA
$13.48 K (USD)147.86as on Mar 31, 2023
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Total Equity Funding
$161.79 K (USD)
in 4 rounds
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Latest Funding Round
$25 K (USD), Grant
Jan 12, 2021
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Investors
Flipkart Leap
& 7 more
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Employee Count
Employee Count
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Products & Services of Piggy
Piggy offers a comprehensive portfolio of products and services, including Direct Mutual Funds, Digital Gold, and EPF Tracker. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Direct mutual funds are offered without commission fees.
Digital gold investments are facilitated through the platform.
EPF tracking is provided for financial oversight purposes.
Funding Insights of Piggy
Piggy has successfully raised a total of $161.79K across 4 strategic funding rounds. The most recent funding activity was a Grant round of $25 thousand completed in January 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 Total Funding
- Total Rounds 4
- Last Round Grant — $25,000
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First Round
First Round
(10 Mar 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Grant - Piggy | Valuation |
investors |
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| Aug, 2017 | Amount | Seed - Piggy | Valuation | Y Combinator |
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| Jan, 2017 | Amount | Angel Round - Piggy | Valuation | Sumit Shaha , Vandana Golwalkar |
| 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 Piggy
Piggy has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Flipkart Leap, Y Combinator and Sumit Shaha. 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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E-commerce startup acceleration and innovation programs focused on technology and partnerships in India.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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SS
Sumit Shaha |
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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 Piggy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Piggy
| 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 |
Piggy Comparisons
Competitors of Piggy
Piggy 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 Spenny, Tranako, pennywise and Codeister Technologies, 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 |
Savings and gold investments are enabled through app-based transaction roundups.
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| domain | founded_year | HQ Location |
Spare change from purchases is automatically invested in global assets.
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| domain | founded_year | HQ Location |
Offers financial workshops, digital tools, and community for corporate employee education.
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| domain | founded_year | HQ Location |
Web and mobile app-based microsavings platform
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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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Latest news on Piggy
Frequently Asked Questions about Piggy
When was Piggy founded?
Piggy was founded in 2016.
Where is Piggy located?
Piggy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Piggy?
Ankush Singh is the current CEO of Piggy. They have also founded this company.
Is Piggy a funded company?
Piggy is a funded company, having raised a total of $161.79K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $21.89K, raised on Mar 10, 2016.
What is the annual revenue of Piggy?
Annual revenue of Piggy is $139.89K as on Mar 31, 2023.
What does Piggy do?
Piggy, operated by Valuevest Services Private Limited, is established as Indias first direct mutual fund investment platform. Investments are simplified by eliminating commissions, aiming for higher returns. Services are extended across direct mutual funds, digital gold, and EPF tracking. The platform is supported by proprietary algorithms for selecting high-performing funds. The financial sector is primarily targeted, focusing on user-friendly investment solutions for a growing community in India.
Who are the top competitors of Piggy?
Piggy's top competitors include Spenny, Tranako and Codeister Technologies.
What products or services does Piggy offer?
Piggy offers Direct Mutual Funds, Digital Gold, and EPF Tracker.
Who are Piggy's investors?
Piggy has 8 investors. Key investors include Flipkart Leap, Y Combinator, Sumit Shaha, Vandana Golwalkar, and Richa Ahlawat.
What is Piggy's valuation?
The valuation of Piggy is $1.27M as of Jan 2017.
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