About PocketATM
PocketATM is a company based in Mumbai (India) founded in 2021 by Sushil Kurri and Mihir Mehta.. PocketATM has raised $400 thousand across 1 funding round from investors including Samir Krishan Modi, Himanshu Nautiyal and Nirav Mehta. The company has 1 employees as of April 01, 2024. PocketATM offers products and services including Doorstep banking APIs, Soundbox/UPI QR solution, 360° Merchant Application, and ONDC Integration. PocketATM operates in a competitive market with competitors including Sonect, SPARE, SOCASH, Airbanq and Nakitex, among others.
- Headquarter Mumbai, India
- Employees 1 as on 01 Apr, 2024
- Founders Sushil Kurri, Mihir Mehta
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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 Optimoney Technologies Private Limited
- Date of Incorporation 21 Aug, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2022
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Net Profit
$-1.92 K (USD)0as on Mar 31, 2022
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EBITDA
$-1.62 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$400 K (USD)
in 1 rounds
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Latest Funding Round
$400 K (USD), Seed
Feb 13, 2024
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Investors
Indian Express Commercial Ventures
& 5 more
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Employee Count
1
as on Apr 01, 2024
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Products & Services of PocketATM
PocketATM offers a comprehensive portfolio of products and services, including Doorstep banking APIs, Soundbox/UPI QR solution, 360° Merchant Application, and ONDC Integration. 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.
Facilitates convenient doorstep banking through easy integration.
Provides end-to-end hardware and software for transactions.
Offers audio notifications and real-time reporting for merchants.
Enables seamless data exchange with ONDC network.
Funding Insights of PocketATM
PocketATM has successfully raised a total of $400K through 1 strategic funding round. The most recent funding activity was a Seed round of $400 thousand completed in February 2024. 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 1
- Last Round Seed — $400,000
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First Round
First Round
(13 Feb 2024)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - PocketATM | Valuation | Samir Krishan Modi , Himanshu Nautiyal |
| 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 PocketATM
PocketATM has secured backing from 6 investors, including angel and venture fund investors. Prominent investors backing the company include Samir Krishan Modi, Himanshu Nautiyal and Nirav Mehta. 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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Founded Year | Domain | Location | |
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SK
Samir Krishan Modi |
Indian angel investor, Managing Director of Modi Enterprises, focuses on consumer sectors
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Founded Year | Domain | Location |
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HN
Himanshu Nautiyal |
Angel investor and tech leader, ex-Amazon, focused on Indian startups
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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 PocketATM
| 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 - PocketATM
| 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 |
Pocketatm Comparisons
Competitors of PocketATM
PocketATM 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 Sonect, SPARE, SOCASH, Airbanq and Nakitex, 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 |
Cash withdrawals are enabled at kiosks and shops via smartphones.
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| domain | founded_year | HQ Location |
Cash withdrawal solutions are enabled for consumers via virtual ATMs.
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| domain | founded_year | HQ Location |
Cash withdrawals are enabled through a mobile app platform.
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| domain | founded_year | HQ Location |
Offers a mobile app for cash checking and management.
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| domain | founded_year | HQ Location |
Offers an app-based platform for convenient cash withdrawals.
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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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Frequently Asked Questions about PocketATM
When was PocketATM founded?
PocketATM was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is PocketATM located?
PocketATM is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of PocketATM?
Mihir Mehta is the current CEO of PocketATM. They have also founded this company.
Is PocketATM a funded company?
PocketATM is a funded company, having raised a total of $400K across 1 funding round to date. The company's 1st funding round was a Seed of $400K, raised on Feb 13, 2024.
How many employees does PocketATM have?
As of Apr 01, 2024, the latest employee count at PocketATM is 1.
What does PocketATM do?
PocketATM was founded in 2021 in Mumbai, India, operating in the fintech sector. Cash dispensing and withdrawal services are delivered through a mobile application available on iOS and Android platforms. Single-click access to transaction records is enabled for users, including businesses and individuals. An end-to-end soundbox solution is offered to customers such as cooperative banking entities. Plug-and-play APIs are provided for integration into banking applications.
Who are the top competitors of PocketATM?
What products or services does PocketATM offer?
PocketATM offers Doorstep banking APIs, Soundbox/UPI QR solution, 360° Merchant Application, and ONDC Integration.
Who are PocketATM's investors?
PocketATM has 6 investors. Key investors include Samir Krishan Modi, Himanshu Nautiyal, Nirav Mehta, Venkatesh Hariharan, and Rajat Agarwal.
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