About ProsParity
ProsParity is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2023 by Jitendra Sharma, Hakam Singh Dhakar, Anirudh Dhakar, and Saurabh Khodke. It operates as an a digital lending platform for electric vehicle financing is provided. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. ProsParity has raised $2 million across 2 funding rounds from investors including Angel List, All In Capital and DeVC. The company has 25 employees. ProsParity was last valued at $8.36 million in May 2024. Its chief executive is Saurabh Khodke. Its Indian entity Thrive Trail Private Limited reported revenue of ₹1.04 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include RevFin, Finayo and PerUse; 2 of its 3 listed competitors have raised funding.
Company details
ProsParity was founded in 2023 in Mumbai, India, as a fintech company focused on electric vehicle financing. A digital platform is operated to enable users to apply for and secure loans for electric two-wheelers, three-wheelers, and similar assets. Vehicle dealers are supported in managing financing processes and loan disbursements through the system. Operations are centered on streamlining access to sustainable mobility funding in the Indian market.
- Headquarters Mumbai, India
- Employees 25
- Founders Jitendra Sharma, Hakam Singh Dhakar, Anirudh Dhakar, Saurabh Khodke
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Website prosparity.in
- Social LinkedIn
- Legal Name Thrive Trail Private Limited
- Date of Incorporation 16 Nov, 2023
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹1.04 Cr
FY 2025 · +57761% YoY
- Net Loss-₹2.94 Cr
FY 2025 · -282% margin
- EBITDA-₹2.91 Cr
FY 2025 · -280% margin
- Total Equity Funding$2M (USD)
in 2 rounds
- InvestorsAngel List
& 11 more
- Employee Count25
Associated legal entities of ProsParity
ProsParity operates through Thrive Trail Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Thrive Trail Private Limited CIN U46109MH2023PTC413805 | Active | 16 Nov 2023 | Thane, Maharashtra | ₹1.0 Cr | – | 2 | View details |
Funding Insights of ProsParity
ProsParity has successfully raised a total of $2M across 2 strategic funding rounds. 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 $2M
- Total Rounds 2
- First Round $2M
(May 2024)
- Investors Count 12
All 2 funding rounds of ProsParity 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 |
|---|---|---|---|---|---|
| Apr 2026 | $341,771 | Seed | – | Beenext | Ravindra,Krishnaben |
| May 2024 | $2M | Seed | $8.36M | Beenext |
| Date | Valuation | Stage |
|---|---|---|
| May 2024 | $8.36M | •••••••• |
Last known valuation $8.36M (May 2024). 12 investors in total: 7 institutional and 5 angel.
Investors in ProsParity
ProsParity has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, All In Capital and DeVC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund | – | beenext.com | Singapore, Singapore | |
Venture capital fund investing in SaaS, B2B, and fintech sectors | – | sparrowvc.com | Bengaluru, India | |
Venture capital investments and community support for Indian startups. | 2022 | allincapital.vc | Bengaluru, India | |
Early-stage investing and community support for startups. | 1998 | devc.com | Bengaluru, India | |
Early stage venture capital investments are provided by Huddle Ventures. | 2018 | huddleventures.vc | Gurugram, India | |
Venture capital investment firm | – | z47.com | Bengaluru, India | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
AG Ashish Gupta | Angel investor, tech veteran, ex-Helion Ventures, active in Indian startup ecosystem | – | unknown_ff0b470f09a147038 | - |
RD Raj Dugar | Angel investor and entrepreneur, focused on tech startups, based in India. | – | unknown_6e072d83023a4fcda | - |
DS Dhyanesh Shah | Co-founder of Mosaic Wellness, active angel investor in Indian startups | – | unknown_ac103186a4794d3fa | - |
Investor details for ProsParity
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Thrive Trail Private Limited (ProsParity)
Thrive Trail Private Limited is the primary company behind ProsParity. The board of Thrive Trail Private Limited currently have 2 directors; the longest-serving is Saurabh Khodke, appointed in 2023. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saurabh Khodke DIN 10392849 | Director | 16 Nov 2023 | 2 yrs 11 mo | Thrive Trail Private Limited |
| Anirudh Dhakar DIN 10535606 | Individual Subscriber | 16 Nov 2023 | 2 yrs 11 mo | Thrive Trail Private Limited |
People of ProsParity
4 people are tracked at ProsParity (4 in leadership); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
Jitendra Sharma | Co-Founder & Business Head | Leadership |
Hakam Singh Dhakar | Co-Founder & Business Head | Leadership |
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for ProsParity
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ProsParity
Figures of Thrive Trail Private Limited, the primary company behind ProsParity, for FY 2025. Revenue was ₹1.04 Cr (+57761% year on year). Net loss was -₹2.94 Cr (-282% margin). EBITDA was -₹2.91 Cr (-280% margin).
- ₹1.04 CrRevenue · FY 2025 · +57761% YoY
- -₹2.94 CrNet loss · -282% margin
- -₹2.91 CrEBITDA · -280% margin
- ₹44.9 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Thrive Trail Private Limited are on its company page.
Detailed financial statements for ProsParity
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of ProsParity
4 dated milestones of ProsParity across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ProsParity is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Competitors of ProsParity
ProsParity has 3 listed competitors in our database, 2 of them funded. They include RevFin, Finayo and PerUse, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| revfin.in | 2018 | Delhi, India | $30.28M | 114 | Provider of an internet-first lender for EV financing services | |
| finayo.tech | 2020 | Noida, India | $2.04M | – | Electric vehicle financing is enabled through an AI-powered SaaS platform. | |
| peruse.co.in | 2021 | Gurugram, India | – | – | EV financing solutions are provided via an online platform. |
Detailed competitors of ProsParity
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Electric & Green Mobility
10 companies that operate in the same segment as ProsParity (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Related news about Prosparity
Complete news archive for ProsParity
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Frequently Asked Questions about ProsParity
ProsParity was founded in 2023 and raised its 1st funding round 1 year after it was founded.
ProsParity is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Saurabh Khodke is the current CEO of ProsParity. They have also founded this company.
ProsParity is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on May 2024.
ProsParity has 25 employees.
The primary company behind ProsParity, Thrive Trail Private Limited, reported revenue of ₹1.04 Cr for FY 2025, up 57761% year on year.
ProsParity was founded in 2023 in Mumbai, India, as a fintech company focused on electric vehicle financing. A digital platform is operated to enable users to apply for and secure loans for electric two-wheelers, three-wheelers, and similar assets. Vehicle dealers are supported in managing financing processes and loan disbursements through the system. Operations are centered on streamlining access to sustainable mobility funding in the Indian market.
ProsParity has 12 investors. Key investors include Angel List, All In Capital, DeVC, Huddle Ventures, and Beenext.
The valuation of ProsParity is $8.36M as of May 2024.
ProsParity operates through Thrive Trail Private Limited.
The legal entities of ProsParity currently have 2 directors, including Saurabh Khodke, Anirudh Dhakar.