About Savesmart
Savesmart is a company based in Bengaluru (India) founded in 2021 by Sidharth Pillai and Rajagopal Balakrishnan. Savesmart has raised $124.4 thousand across 1 funding round from investors including Vijay Jain, Chandrasekhar Ramachandran and Ashna Sareen. The company has 1 employees as of April 07, 2024. Savesmart operates in a competitive market with competitors including Kaleidofin, Tala, Acru, Siply and Dvara Money, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 07 Apr, 2024
- Founders Sidharth Pillai, Rajagopal Balakrishnan
- Stage Minicorn
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Sectors
Technology
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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 Groupot India Private Limited
- Date of Incorporation 03 Aug, 2021
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$124.4 K (USD)
in 1 rounds
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Latest Funding Round
$124.4 K (USD), Angel Round
Feb 21, 2022
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Investors
& 12 more
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Employee Count
1
as on Apr 07, 2024
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Funding Insights of Savesmart
Savesmart has successfully raised a total of $124.4K through 1 strategic funding round. The most recent funding activity was a Angel Round of $124.4 thousand completed in February 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 Total Funding
- Total Rounds 1
- Last Round Angel Round — $124,400
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First Round
First Round
(21 Feb 2022)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Angel Round - Savesmart | Valuation | Simi Gaur |
Investors in Savesmart
Savesmart has secured backing from 13 investors, including angel investors. Prominent investors backing the company include Vijay Jain, Chandrasekhar Ramachandran and Ashna Sareen.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VJ
Vijay Jain |
Angel investor and entrepreneur, founder of ORRA, active in Indian startup ecosystem
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Founded Year | Domain | Location |
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CR
Chandrasekhar Ramachandran |
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Founded Year | Domain | Location |
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AS
Ashna Sareen |
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Founded Year | Domain | Location |
Investments & Acquisitions by Savesmart
Financial Statements - Savesmart
Savesmart Comparisons
Competitors of Savesmart
Savesmart 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 Kaleidofin, Tala, Acru, Siply and Dvara Money, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of financial technology solutions for inclusive lending
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| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
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| domain | founded_year | HQ Location |
Micro-savings are enabled via app for mutual fund investments.
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| domain | founded_year | HQ Location |
Provider of micro‑savings and financial inclusion services via AI‑driven app
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| domain | founded_year | HQ Location |
Wealth management services are delivered via diversified tech-enabled accounts.
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| domain | founded_year | HQ Location |
Automated savings are managed through a goal-oriented mobile app.
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Latest news on Savesmart
Frequently Asked Questions about Savesmart
Savesmart was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Savesmart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rajagopal Balakrishnan is the current CEO of Savesmart. They have also founded this company.
Savesmart is a funded company, having raised a total of $124.4K across 1 funding round to date. The company's 1st funding round was a Angel Round of $124.4K, raised on Feb 21, 2022.
As of Apr 07, 2024, the latest employee count at Savesmart is 1.
Savesmart was founded in 2021 in Bengaluru, India, as a financial technology company. A cloud-based platform is provided to enable business partners in managing their savings schemes. Consumers are supported in tracking personal savings through the same system. Operations focus on streamlining savings processes across partnerships and individual users in the Indian market.
Savesmart's top competitors include Kaleidofin, Tala and Acru.
Savesmart has 13 investors. Key investors include Vijay Jain, Chandrasekhar Ramachandran, Ashna Sareen, Lakshminarayana KR, and Simi Gaur.
The valuation of Savesmart is $1.69M as of Feb 2022.