About Progno Advisor
Progno Advisor is a Technology company based in Kochi (India) founded in 2012 by Sudhir Venugopal. Financial planning and advisory services are offered online. Progno Advisor has raised $325.13 thousand across 3 funding rounds from investors including Manoj Kamalakshan Menon, Rekha Menon and Shemej Kumar Kattikolath. Progno Advisor was last valued at $2.17 million in March 2019. Its Indian entity Progno Financial Planning Systems Private Limited reported revenue of ₹18.6 Lakh. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Financial Planners and Advisors. Its competitors include Dezerv, Wealthy and ASK Group; 3 of its 3 listed competitors have raised funding.
Company details
Progno Advisor was established in 2012 in Kochi, India, as a SEBI-licensed investment advisor in the financial services sector. Online tools and advisory support are provided for financial goals, savings strategies, investment portfolios, retirement planning, insurance needs, and related areas. A free Financial Diagnosis service is available, with operations based on a fee-only model.
- Headquarters Kochi, India
- Founders Sudhir Venugopal
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website prognoadvisor.com
- Social LinkedIn X Facebook
- Legal Name Progno Financial Planning Systems Private Limited
- Date of Incorporation 23 May, 2012
- Jurisdiction Kochi, Kerala, India
- Annual Revenue₹18.6 Lakh
FY 2024 · -38% YoY
- Net Loss-₹24.8 Lakh
FY 2024 · -133% margin
- EBITDA-₹7.3 Lakh
FY 2024 · -39% margin
- Total Equity Funding$325.13K (USD)
in 3 rounds
- Latest Funding Round$98.15K (USD), Angel Round
Mar 2019
Associated legal entities of Progno Advisor
Progno Advisor operates through Progno Financial Planning Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Progno Financial Planning Systems Private Limited CIN U67190KL2012PTC031296 | Active | 23 May 2012 | Kochi, Kerala | ₹0.2 Cr | 3 | View details |
Funding Insights of Progno Advisor
Progno Advisor has successfully raised a total of $325.13K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $98.15 thousand completed in March 2019. 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 $325,134
- Total Rounds 3
- Last Round Angel Round — $98,148
- First Round $65,238
(Jul 2015)
- Investors Count 20
All 3 funding rounds of Progno Advisor 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 |
|---|---|---|---|---|---|
| Mar 2019 | $98,148 | Angel Round | $2.17M | Manoj Kamalakshan Menon | |
| Nov 2017 | $161,748 | Angel Round | $2.31M | Hareesh Pazhedath, Krishna Kumar Vadakkepatte | |
| Jul 2015 | $65,238 | Angel Round | $••••• | Edassari Bhaskaran Prasanth |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2019 | $2.17M | •••••••• |
| Nov 2017 | $2.31M | •••••••• |
Last known valuation $2.17M (Mar 2019). 20 investors in total: 0 institutional and 20 angel.
Investors in Progno Advisor
Progno Advisor has secured backing from 20 investors, including angel investors. Prominent investors backing the company include Manoj Kamalakshan Menon, Rekha Menon and Shemej Kumar Kattikolath.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MK Manoj Kamalakshan Menon | unknown_e0767718e2454156a | |||
RM Rekha Menon | unknown_4917e92bab6445279 | |||
SK Shemej Kumar Kattikolath | unknown_59bd01eb252045ad9 | |||
SE Suneeth E M | unknown_9bb49e441dc64af39 | |||
UK Unni Krishnan | Angel investor and entrepreneur, focused on tech startups in India. | unknown_ffe6d16e71ae4c769 | ||
AK Ajith Kumar Nair | unknown_5291cc37cfe243f9a | |||
KB Kavitha Balachandran | unknown_9dbbc0a9f4f749df8 | |||
BD Baiju Das Poonoor | unknown_a5db0eac60d14d238 | |||
RM Rekha Menon | Angel investor, ex-Accenture India Chairperson, focused on tech and diversity | unknown_bdf49c1ef0b94a349 | ||
U Unnikrishnan | unknown_350fd865098747518 |
Investor details for Progno Advisor
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 Progno Financial Planning Systems Private Limited (Progno Advisor)
Progno Financial Planning Systems Private Limited is the primary company behind Progno Advisor. The board of Progno Financial Planning Systems Private Limited currently have 3 directors; the longest-serving is Sanjeev Kumar Gopalakrishnan Nair, appointed in 2012. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjeev Kumar Gopalakrishnan Nair DIN 02648806 | Director | 23 May 2012 | 14 yrs 5 mo | Progno Financial Planning Systems Private Limited |
| Sudhir Venugopal DIN 07070403 | Whole-time director | 18 Feb 2015 | 11 yrs 8 mo | Progno Financial Planning Systems Private Limited |
| Sreedharan Radhakrishnan Nair DIN 00024736 | Director | 07 Jul 2016 | 10 yrs 4 mo | Progno Financial Planning Systems Private Limited |
People of Progno Advisor
6 people are tracked at Progno Advisor (5 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
Sanjeev Kumar G | Founder & Managing Director | Leadership |
Prasanth Sasi | Director, Business Development | Leadership |
Cfpcm Arti Arora | Vice President Operations | Leadership |
S R Nair | Director & Mentor | Leadership |
Aiswarya V S | HR And Operations Assistant | Team |
Complete people profiles for Progno Advisor
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.
Financials of Progno Advisor
Figures of Progno Financial Planning Systems Private Limited, the primary company behind Progno Advisor, for FY 2024. Revenue was ₹18.6 Lakh (-38% year on year). Net loss was -₹24.8 Lakh (-133% margin). EBITDA was -₹7.3 Lakh (-39% margin). Revenue has grown at a compounded annual rate of +36% over three years and +2% over five years.
- ₹18.6 LakhRevenue · FY 2024 · -38% YoY
- -₹24.8 LakhNet loss · -133% margin
- -₹7.3 LakhEBITDA · -39% margin
- ₹67.5 LakhPaid-up capital
- +36%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Progno Financial Planning Systems Private Limited are on its company page.
Detailed financial statements for Progno Advisor
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Progno Advisor
4 dated milestones of Progno Advisor across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Progno Advisor is founded.
- Funding First funding round of $65K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $98K.
Competitors of Progno Advisor
Progno Advisor has 3 listed competitors in our database, 3 of them funded. They include Dezerv, Wealthy and ASK Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dezerv.in | 2021 | Mumbai, India | $100M | 513 | Investment solutions and portfolio management are provided for affluent individuals. | |
| wealthy.in | 2015 | Bengaluru, India | $22.29M | 231 | Digital wealth management platform is offered for personalized investments. | |
| askfinancials.com | 1983 | Mumbai, India | $125M | 191 | Asset & wealth management platform |
Detailed competitors of Progno Advisor
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Progno Advisor
The website of Progno Advisor (prognoadvisor.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 26% vs previous month
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Progno Advisor (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 549.14 M | 3,823 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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
Frequently Asked Questions about Progno Advisor
Progno Advisor was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Progno Advisor is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Progno Advisor is a funded company, having raised a total of $325.13K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $65.24K, raised on Jul 2015.
The primary company behind Progno Advisor, Progno Financial Planning Systems Private Limited, reported revenue of ₹18.6 Lakh for FY 2024, down 38% year on year.
Progno Advisor was established in 2012 in Kochi, India, as a SEBI-licensed investment advisor in the financial services sector. Online tools and advisory support are provided for financial goals, savings strategies, investment portfolios, retirement planning, insurance needs, and related areas. A free Financial Diagnosis service is available, with operations based on a fee-only model.
Progno Advisor has 20 investors. Key investors include Manoj Kamalakshan Menon, Rekha Menon, Shemej Kumar Kattikolath, Suneeth E M, and Unni Krishnan.
The valuation of Progno Advisor is $2.17M as of Mar 2019.
Progno Advisor operates through Progno Financial Planning Systems Private Limited.
The legal entities of Progno Advisor currently have 3 directors, including Sreedharan Radhakrishnan Nair, Sudhir Venugopal, Sanjeev Kumar Gopalakrishnan Nair.