About Pillow Fund
Pillow Fund is a company based in Bengaluru (India) founded in 2021 by Arindam Roy, Kartik Mishra, and Rajath K M. It operates as a B2C. Pillow Fund has raised $21 million across 2 funding rounds from investors including Accel, Quona and Elevation Capital. Pillow Fund operates in a competitive market with competitors including Hedgehog, Onramp Invest, Marginfi, Blockfolio and Instadapp, among others.
- Headquarter Bengaluru, India
- Founders Arindam Roy, Kartik Mishra, Rajath K M
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pillow Digital Assets Llp
- Date of Incorporation 24 Nov, 2021
- Jurisdiction Siliguri, West Bengal, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21 M (USD)
in 2 rounds
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Latest Funding Round
$18 M (USD), Series A
Oct 13, 2022
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Investors
Accel
& 12 more
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Employee Count
Employee Count
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Human Resources and Administration
1 people
Software Development Team
1 people
Product Management Team
1 people
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Funding Insights of Pillow Fund
Pillow Fund has successfully raised a total of $21M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $18 million completed in October 2022. 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 2
- Last Round Series A — $18.0M
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First Round
First Round
(26 Jan 2022)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series A - Pillow Fund | Valuation | Accel , Quona |
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| Jan, 2022 | Amount | Seed - Pillow Fund | Valuation | Elevation Capital |
| 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 Pillow Fund
Pillow Fund has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include Accel, Quona and Elevation Capital. 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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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Fintech investments focused on financial inclusion and global economic growth.
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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 Pillow Fund
| 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 - Pillow Fund
| 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 |
Pillow Fund Comparisons
Competitors of Pillow Fund
Pillow Fund 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 Hedgehog, Onramp Invest, Marginfi, Blockfolio and Instadapp, 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 |
Cryptocurrency portfolios are managed via trading, monitoring, and research tools.
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| domain | founded_year | HQ Location |
Cryptoasset management solutions are offered to financial advisors.
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| domain | founded_year | HQ Location |
Decentralized margin trading is enabled across the Solana ecosystem.
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| domain | founded_year | HQ Location |
Crypto portfolios are tracked and managed via a mobile app.
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| domain | founded_year | HQ Location |
Developer of decentralized finance (DeFi) applications and tools
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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 Pillow Fund
Frequently Asked Questions about Pillow Fund
When was Pillow Fund founded?
Pillow Fund was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Pillow Fund located?
Pillow Fund is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Pillow Fund?
Arindam Roy is the current CEO of Pillow Fund. They have also founded this company.
Is Pillow Fund a funded company?
Pillow Fund is a funded company, having raised a total of $21M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jan 26, 2022.
What does Pillow Fund do?
Pillow Fund, based in Bengaluru, focuses on finance, fintech, dealing with cryptocurrency, and exchange platform. Operates a digital platform for cryptocurrency exchange services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Pillow Fund?
Who are Pillow Fund's investors?
Pillow Fund has 13 investors. Key investors include Accel, Quona, Elevation Capital, Scott Lewis, and Sandeep Nailwal.
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