About Pillow Fund
Pillow Fund was a Financial Services company based in Bengaluru (India) founded in 2021 by Arindam Roy, Kartik Mishra, and Rajath K M. It operates a digital platform for cryptocurrency exchange services. It operates on a B2C model. Pillow Fund has raised $21 million across 2 funding rounds from investors including Accel, Quona and Elevation Capital. Its chief executive, as recorded, is Arindam Roy. The company is recorded as dissolved. Its focus areas include Finance, Fintech, Cryptocurrency and Exchange Platform. Its legal entity in India is Pillow Digital Assets Llp (AAZ-6067).
Company details
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.
- Headquarters Bengaluru, India
- Founders Arindam Roy, Kartik Mishra, Rajath K M
- SectorsFinancial Services
- Website pillow.fund
- Social X
- Legal Name Pillow Digital Assets Llp
- Date of Incorporation 24 Nov, 2021
- Jurisdiction Siliguri, West Bengal, India
- Total Equity Funding$21M (USD)
in 2 rounds
- Latest Funding Round$18M (USD), Series A
Oct 2022
- InvestorsAccel
& 12 more
Associated legal entities of Pillow Fund
Pillow Fund operates through Pillow Digital Assets Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pillow Digital Assets Llp CIN AAZ-6067 | Active | 24 Nov 2021 | Siliguri, West Bengal | 3 | View details |
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 $21M
- Total Rounds 2
- Last Round Series A — $18M
- First Round $3M
(Jan 2022)
- Investors Count 13
All 2 funding rounds of Pillow Fund 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 |
|---|---|---|---|---|---|
| Oct 2022 | $18M | Series A | – | Accel, Quona | – |
| Jan 2022 | $3M | Seed | – | Elevation Capital |
13 investors in total: 4 institutional and 9 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Fintech investments focused on financial inclusion and global economic growth. | 2015 | quona.com | ||
Venture capital and funds of fund firm focused on multiple sectors | jumpcap.com | Chicago, United States | ||
SL Scott Lewis | Angel investor focusing on Indian startups, co-founder of multiple ventures. | unknown_4ecfd1e0667a404db | ||
SN Sandeep Nailwal | Co-founder of Polygon, prominent blockchain investor, and Indian crypto pioneer | unknown_2e021488c3e7439e8 | ||
JK Jaynti Kanani | Co-founder of Polygon, prominent blockchain angel investor in India. | unknown_096c53ab4eec48dd8 | ||
PR Prabhakar Reddy | Angel investor, serial entrepreneur, focused on tech startups in India. | unknown_9e8dd74aa5f74fbaa | ||
AJ Aniket Jindal | Co-founder of Biconomy, blockchain scalability expert, active angel investor | unknown_2fb969f0c0a94ec6b | ||
RS Ramakant Sharma | Co-founder of Livspace, angel investor in Indian startups | unknown_370ac7d4b57d47969 |
Investor details for Pillow Fund
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 Pillow Digital Assets Llp (Pillow Fund)
Pillow Digital Assets Llp is the primary company behind Pillow Fund. The board of Pillow Digital Assets Llp currently have 3 directors; the longest-serving is Arindam Roy, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arindam Roy DIN 09411512 | Designated Partner | 24 Nov 2021 | 4 yrs 11 mo | Pillow Digital Assets Llp |
| Kuntikana Mata Rajath DIN 09605191 | Designated Partner | 17 May 2022 | 4 yrs 5 mo | Pillow Digital Assets Llp |
| Kartik Prasad Mishra DIN 09005774 | Designated Partner | 17 May 2022 | 4 yrs 5 mo | Pillow Digital Assets Llp |
People of Pillow Fund
6 people are tracked at Pillow Fund (4 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
| Co-Founder, COO | Leadership | |
Rajath K M | Co-Founder | Leadership |
Rajkumar S | Head of People Operations | Leadership |
Eunice Oluchukwu CHIADIKA | Community Lead | Team |
Raghav Dua | Product Designer | Team |
Complete people profiles for Pillow Fund
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Pillow Fund
3 dated milestones of Pillow Fund across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Pillow Fund is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series A, of $18.0M.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Pillow Fund
Complete news archive for Pillow Fund
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pillow Fund
Pillow Fund was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Pillow Fund is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Arindam Roy is the CEO of Pillow Fund, as recorded in our data. They have also founded this 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 2022.
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.
Pillow Fund has 13 investors. Key investors include Accel, Quona, Elevation Capital, Scott Lewis, and Sandeep Nailwal.
Pillow Fund operates through Pillow Digital Assets Llp.
The legal entities of Pillow Fund currently have 3 directors, including Arindam Roy, Kuntikana Mata Rajath, Kartik Prasad Mishra.