About SALT
SALT is a company based in Bengaluru (India) founded in 2021 by Shinjini Kumar, Aditi Sholapurkar, and Chaitra Chidanand. It operates as a EduTech, and Professional Services. SALT has raised $3.04 million across 3 funding rounds from investors including 3one4 Capital, Rocket Internet and VSS Investco. The company has 2 employees as of April 10, 2024. SALT offers products and services including Financial Literacy Workshops and 1-on-1 Coaching. SALT operates in a competitive market with competitors including Roov, Monthly expenses, Rojmel, Mowize and Beewise, among others.
- Headquarter Bengaluru, India
- Employees 2 as on 10 Apr, 2024
- Founders Shinjini Kumar, Aditi Sholapurkar, Chaitra Chidanand
- 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 Five Salts Pvt Ltd
- Date of Incorporation 01 Sep, 2021
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-40.21 K (USD)-753.15as on Mar 31, 2023
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EBITDA
$-40.21 K (USD)-823.85as on Mar 31, 2023
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Total Equity Funding
$3.04 M (USD)
in 3 rounds
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Latest Funding Round
$496.08 K (USD), Seed
Jan 06, 2023
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Investors
3one4 Capital
& 30 more
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Employee Count
2
as on Apr 10, 2024
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Products & Services of SALT
SALT offers a comprehensive portfolio of products and services, including Financial Literacy Workshops and 1-on-1 Coaching. 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.
Workshops are provided to enhance women's financial literacy.
Personal coaching is offered for financial decision-making support.
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Funding Insights of SALT
SALT has successfully raised a total of $3.04M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $496.08 thousand completed in January 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 3
- Last Round Seed — $496,079
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First Round
First Round
(19 Jul 2021)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Seed - SALT | Valuation | VSS Investco | |
| Nov, 2022 | Amount | Seed - SALT | Valuation |
investors |
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| Jul, 2021 | Amount | Seed - SALT | Valuation | Rocket Internet |
| 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 SALT
SALT has secured backing from 31 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include 3one4 Capital, Rocket Internet and VSS Investco. 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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Venture capital fund investing across multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided to startup founders.
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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 SALT
| 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 - SALT
| 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 |
Salt Comparisons
Competitors of SALT
SALT 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 Roov, Monthly expenses, Rojmel, Mowize and Beewise, 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 |
Personal finance management app
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| domain | founded_year | HQ Location |
Provides an online platform for individuals to manage and track personal expenses effectively.
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| domain | founded_year | HQ Location |
Software for tracking financial accounts, expenses, income, and user login management.
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| domain | founded_year | HQ Location |
Personal finances are managed and tracked via a mobile application.
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| domain | founded_year | HQ Location |
Financial identity SDKs and APIs are provided to developers.
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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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Latest news on Salt
Frequently Asked Questions about SALT
When was SALT founded?
SALT was founded in 2021.
Where is SALT located?
SALT is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is SALT a funded company?
SALT is a funded company, having raised a total of $3.04M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.54M, raised on Jul 19, 2021.
How many employees does SALT have?
As of Apr 10, 2024, the latest employee count at SALT is 2.
What does SALT do?
Financial education and coaching are offered by SALT to bridge the gender gap in finance. Focus is placed on empowering women, especially millennials and GenZ, through workshops and personalized coaching. The mission is centered on simplifying financial decisions to grow the female economy. Sectors targeted include financial services with an emphasis on emotional and practical financial literacy tools.
Who are the top competitors of SALT?
SALT's top competitors include Mowize, Roov and Monthly expenses.
What products or services does SALT offer?
SALT offers Financial Literacy Workshops and 1-on-1 Coaching.
Who are SALT's investors?
SALT has 31 investors. Key investors include 3one4 Capital, Rocket Internet, VSS Investco, Punathil Prajit Nanu, and Anushka Vishwas Patel.
What is SALT's valuation?
The valuation of SALT is $14.54M as of Jan 2023.
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