About Salt
Salt is a Financial Services company based in Bengaluru (India) founded in 2019 by Udita Pal and Ankit Parasher. International payments solutions are provided for businesses. It operates on a FinTech model. Salt has raised $625 thousand across 2 funding rounds from investors including Cloudnine, Bizongo and IIMjobs. Its website salt.pe draws about 13 thousand monthly visits. Its Indian entity Poziom Ventures Private Limited reported revenue of ₹3.00 Cr. Salt offers products and services including Live Inward Remittance and Table Salt: FDI. Its focus areas include FinTech and Cross-Border Payments. Its competitors include Skydo, XFlow and PayGlocal; 3 of its 3 listed competitors have raised funding.
Company details
Salt, a fintech startup based in Bengaluru, India, is dedicated to simplifying international payments and associated legal compliances for businesses. Services are provided to SMEs, startups, freelancers, and consultants, enabling them to thrive in global markets. Cross-border transactions are supported in multiple currencies including USD, GBP, and EUR. Solutions are tailored to address challenges in remittance timing and compliance costs, ensuring efficiency and affordability for clients across various sectors.
- Annual Revenue₹3.00 Cr
FY 2024 · +7% YoY
- Net Loss-₹45.7 Lakh
FY 2024 · -15% margin
- EBITDA-₹25.2 Lakh
FY 2024 · -8% margin
- Total Equity Funding$625K (USD)
in 2 rounds
- Latest Funding Round$125K (USD), Seed
Jun 2022
- InvestorsCloudnine
& 14 more
Associated legal entities of Salt
Salt operates through Poziom Ventures 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 |
|---|---|---|---|---|---|---|---|
| Poziom Ventures Private Limited CIN U72100KA2020PTC131555 | Active | 13 Jan 2020 | Bangalore, Karnataka | ₹3.0 Cr | 2 | View details |
Products & Services of Salt
Salt offers a comprehensive portfolio of products and services, including Live Inward Remittance and Table Salt: FDI.
Foreign payments are received within 24 hours efficiently.
Legal and finance processes for startup fundraising simplified.
Apps and channels of Salt
its YouTube channel SALT 🧂 has 856 subscribers and 30 videos.
Videos from Salt
The most watched videos on Salt's YouTube channel, SALT 🧂 (856 subscribers). Click a video to play it here.
More on SALT 🧂.
Funding Insights of Salt
Salt has successfully raised a total of $625K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand completed in June 2022. 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 $625,000
- Total Rounds 2
- Last Round Seed — $125,000
- First Round $500,000
(Oct 2021)
- Investors Count 15
All 2 funding rounds of Salt 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 |
|---|---|---|---|---|---|
| Jun 2022 | $125,000 | Seed | – | Y Combinator | – |
| Oct 2021 | $500,000 | Seed | – | Prashant Pansare, Amit Goel |
15 investors in total: 12 institutional and 3 angel.
Investors in Salt
Salt has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Cloudnine, Bizongo and IIMjobs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Early-stage investment in technology-driven startups in India, focusing on teams, customers, and growth. | 2017 | eagle10ventures.com | Bengaluru, India | |
Startup investments, portfolio management, and digital growth services. | 2021 | supermorpheus.com | Puducherry, India | |
Online job board for mid and senior level management positions | 2008 | iimjobs.com | Delhi, India | |
Offers a personal finance blog and portal with education, investment strategies, and credit card optimization for financial freedom. | 2014 | cashoverflow.in | India | |
At-home diagnostic tests are booked and collected by phlebotomists. | 2020 | orangehealth.in | Bengaluru, India | |
Maternity, childcare, and fertility services are delivered via hospital chains. | 2007 | cloudninecare.com | Bengaluru, India | |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | 2015 | bizongo.com | Mumbai, India | |
Platform offering fleet management for businesses | 2016 | loconav.com | Wilmington, United States | |
Operator of multi brand restaurant franchisees | yellowtie.in | Andheri, India |
Investor details for Salt
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Poziom Ventures Private Limited (Salt)
Poziom Ventures Private Limited is the primary company behind Salt. The board of Poziom Ventures Private Limited currently have 2 directors; the longest-serving is Udita Pal, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Udita Pal DIN 08667399 | Director | 13 Jan 2020 | 6 yrs 9 mo | Poziom Ventures Private Limited |
| Ankit Parasher DIN 07232111 | Director | 24 Feb 2020 | 6 yrs 7 mo | Poziom Ventures Private Limited |
People of Salt
7 people are tracked at Salt (4 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
| Co-Founder & Director | Leadership | |
Anton Kozhevnikov | Co-founder, CEO | Leadership |
Sudhanshu Choudhary 🧂 | Associate Director | Leadership |
Ekta Pandey | Customer Success Specialist | Team |
Jaspreet Kaila | CRM | Team |
Balgovind Shanbhag 🧂 | Associate Ux/ui Designer | Team |
Complete people profiles for Salt
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Verified entity values are shown only after access is granted.
Financials of Salt
Figures of Poziom Ventures Private Limited, the primary company behind Salt, for FY 2024. Revenue was ₹3.00 Cr (+7% year on year). Net loss was -₹45.7 Lakh (-15% margin). EBITDA was -₹25.2 Lakh (-8% margin).
- ₹3.00 CrRevenue · FY 2024 · +7% YoY
- -₹45.7 LakhNet loss · -15% margin
- -₹25.2 LakhEBITDA · -8% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Poziom Ventures Private Limited are on its company page.
Detailed financial statements for Salt
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 Salt
3 dated milestones of Salt across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Salt is founded.
- Funding First funding round of $500K.
- Funding Latest funding round, Seed, of $125K.
Competitors of Salt
Salt has 3 listed competitors in our database, 3 of them funded. They include Skydo, XFlow and PayGlocal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| skydo.com | 2022 | Bengaluru, India | $10M | 77 | International payments are enabled for businesses through a digital platform. | |
| xflowpay.com | 2021 | Bengaluru, India | $16.2M | 48 | Cross-border payment solutions are provided for businesses. | |
| payglocal.in | 2021 | Bengaluru, India | $16.9M | 97 | Multi-currency accounts and payment solutions are offered for global businesses. |
Detailed competitors of Salt
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 Salt
The website of Salt (salt.pe) receives about 13.1K visits a month.
- Monthly visits13.1K
▲ 15.1% vs previous month
Websites whose visitors overlap most with Salt. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| elevationcapital.com | 100% | #923,780 | View details | ||
| hdfcsky.com | 100% | 429.1K | #53,249 | View details | |
| skydo.com | 78% | 500.8K | #84,315 | View details | |
| munichre.com | 60% | 326.5K | #160,508 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Salt (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Salt
Complete news archive for Salt
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- Full article archive
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Frequently Asked Questions about Salt
Salt was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Salt is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Salt is a funded company, having raised a total of $625K across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Oct 2021.
The primary company behind Salt, Poziom Ventures Private Limited, reported revenue of ₹3.00 Cr for FY 2024, up 7% year on year.
Salt, a fintech startup based in Bengaluru, India, is dedicated to simplifying international payments and associated legal compliances for businesses. Services are provided to SMEs, startups, freelancers, and consultants, enabling them to thrive in global markets. Cross-border transactions are supported in multiple currencies including USD, GBP, and EUR. Solutions are tailored to address challenges in remittance timing and compliance costs, ensuring efficiency and affordability for clients across various sectors.
Salt offers Live Inward Remittance and Table Salt: FDI.
Salt has 15 investors. Key investors include Cloudnine, Bizongo, IIMjobs, Orange health, and LetsTransport.
Salt operates through Poziom Ventures Private Limited.
The legal entities of Salt currently have 2 directors, including Udita Pal, Ankit Parasher.