About Prachay
Prachay is a company based in Pune (India) founded in 2017 by Girish Lakhotiya. Prachay has raised $1.84 million across 2 funding rounds from investors including Priya Sachin Nahar, Shruti Sunil Nahar and Rahul Ramkumar Rathi. Prachay offers products and services including Customized Financial Solutions, Growth Capital Finance, and Prachay Bonds. Prachay operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
- Headquarter Pune, India
- Founders Girish Lakhotiya
- Stage Minicorn
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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 Prachay Capital Limited
- Jurisdiction Pune City, Maharashtra, India
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Annual Revenue
$4.28 M (USD)0as on Mar 31, 2023
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Net Profit
$1.13 M (USD)0as on Mar 31, 2023
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EBITDA
$3.46 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$1.84 M (USD)
in 2 rounds
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Latest Funding Round
$1.22 M (USD), Angel Round
Jul 27, 2023
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Investors
& 2 more
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Employee Count
Not available
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Products & Services of Prachay
Prachay offers a comprehensive portfolio of products and services, including Customized Financial Solutions, Growth Capital Finance, and Prachay Bonds.
Provides tailored loans to address business financial needs and goals.
Offers financing schemes to boost business revenue and reduce risks.
Listed debentures providing fixed returns to investors through monthly payouts.
Funding Insights of Prachay
Prachay has successfully raised a total of $1.84M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $1.22 million completed in July 2023. 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.
Investors in Prachay
Prachay has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Priya Sachin Nahar, Shruti Sunil Nahar and Rahul Ramkumar Rathi.
| Investor | Description | Founded Year | Domain | Location |
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Priya Sachin Nahar |
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Shruti Sunil Nahar |
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Rahul Ramkumar Rathi |
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Investor details for Prachay
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Investments & Acquisitions by Prachay
Investment portfolio details for Prachay
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- Transaction dates
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Financial Statements - Prachay
Detailed financials for Prachay
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- Profit trends
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Prachay Comparisons
Peer comparison for Prachay
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Competitors of Prachay
Prachay 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 Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Consumer and SME loans are provided by Manappuram Finance.
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Diversified lending services are provided as a non-banking financial institution.
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Online gold, home, personal, and business loans are provided.
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2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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Financial solutions including loans and insurance are offered.
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Household and business loans are provided with risk management support.
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Detailed competitors of Prachay
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Latest news on Prachay
Complete news archive for Prachay
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Frequently Asked Questions about Prachay
Prachay was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Prachay is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Girish Lakhotiya is the current CEO of Prachay. They have also founded this company.
Prachay is a funded company, having raised a total of $1.84M across 2 funding rounds to date.
Annual revenue of Prachay is $4.28M as on Mar 31, 2023.
Prachay was founded in 2017 and is headquartered in Pune, India. Financial services are delivered to mid-to-large enterprises through customized capital solutions, advisory, and investment management. Operations are structured across an RBI-registered NBFC, SEBI-registered AIF management, stock broking, and financial advisory divisions. Significant transactions have been facilitated to support enterprise objectives in the financial sector.
Prachay's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Prachay offers Customized Financial Solutions, Growth Capital Finance, and Prachay Bonds.
Prachay has 3 investors. Key investors include Priya Sachin Nahar, Shruti Sunil Nahar, and Rahul Ramkumar Rathi.
The valuation of Prachay is $32.86M as of Jul 2023.