About Remit2India
Remit2India is a company based in Mumbai (India) founded in 2001 was acquired by UAE Exchange in October 2016.. Remit2India operates in a competitive market with competitors including Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, among others.
- Headquarter Mumbai, India
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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Annual Revenue
$28.58 M (USD)109as on Mar 31, 2018
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Net Profit
$876.77 K (USD)-33as on Mar 31, 2018
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EBITDA
$3.46 M (USD)38as on Mar 31, 2018
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
UAE Exchange
(Oct 26, 2016)
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Funding Insights of Remit2India
| 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 Remit2India
Remit2India has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include UAE Exchange. 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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Global money transfer and foreign exchange services are provided worldwide.
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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 Remit2India
| 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 - Remit2India
| 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 |
Remit2india Comparisons
Competitors of Remit2India
Remit2India 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 Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, 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 |
Cross-border money transfers are facilitated via banking networks.
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via a digital banking channel.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via banking channels.
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| domain | founded_year | HQ Location |
Online foreign exchange and remittance services are facilitated in India.
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| domain | founded_year | HQ Location |
International money transfer service provider.
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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 Remit2India
When was Remit2India founded?
Remit2India was founded in 2001.
Where is Remit2India located?
Remit2India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
What is the annual revenue of Remit2India?
Annual revenue of Remit2India is $28.58M as on Mar 31, 2018.
What does Remit2India do?
Remit2Indias money transfer service is an online way of sending money to family and friends in India, in 10 currencies from 24 countries across the world. Process includes registering on the website with your and recipients details, wire money into remit2Indias local bank account. Service only available to NRIs and PIOs (Person of Indian origin). Gives the option to send money via ACH or a local wire transfer and does a direct credit in the recipients bank account. Has tied up with 90 Indian banks. Part of TimesOfMoney Pvt. Ltd.
Who are the top competitors of Remit2India?
Remit2India's top competitors include Azimo, Euronet Worldwide and NALA.
Who are Remit2India's investors?
Remit2India has 1 investor. Key investors include UAE Exchange.
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