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
Employee Count
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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. 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.
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 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $1.2M
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First Round
First Round
(18 Oct 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Angel Round - Prachay | Valuation | Priya Sachin Nahar , Shruti Sunil Nahar |
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| Oct, 2022 | Amount | Angel Round - Prachay | Valuation | Rahul Ramkumar Rathi |
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| 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 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. 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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PS
Priya Sachin Nahar |
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Founded Year | Domain | Location |
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SS
Shruti Sunil Nahar |
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Founded Year | Domain | Location |
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RR
Rahul Ramkumar Rathi |
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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 Prachay
| 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 - Prachay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Prachay Comparisons
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. 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 |
Consumer and SME loans are provided by Manappuram Finance.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Prachay
Frequently Asked Questions about Prachay
When was Prachay founded?
Prachay was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Prachay located?
Prachay is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Prachay?
Girish Lakhotiya is the current CEO of Prachay. They have also founded this company.
Is Prachay a funded company?
Prachay is a funded company, having raised a total of $1.84M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $619.83K, raised on Oct 18, 2022.
What is the annual revenue of Prachay?
Annual revenue of Prachay is $4.28M as on Mar 31, 2023.
What does Prachay do?
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.
Who are the top competitors of Prachay?
Prachay's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
What products or services does Prachay offer?
Prachay offers Customized Financial Solutions, Growth Capital Finance, and Prachay Bonds.
Who are Prachay's investors?
Prachay has 3 investors. Key investors include Priya Sachin Nahar, Shruti Sunil Nahar, and Rahul Ramkumar Rathi.
What is Prachay's valuation?
The valuation of Prachay is $32.86M as of Jul 2023.