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. Savesmart operates in a competitive market with competitors including Kaleidofin, Tala, Acru, Siply and Dvara Money, among others.
- Headquarter Bengaluru, India
- Employees 1
- Founders Sidharth Pillai, Rajagopal Balakrishnan
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website savesmart.app
- Social LinkedIn X Facebook
- Legal Name Groupot India Private Limited
- Date of Incorporation 03 Aug, 2021
- Jurisdiction Bangalore, Karnataka, India
- Total Equity Funding$124.4K (USD)
in 1 rounds
- Latest Funding Round$124.4K (USD), Angel Round
Feb 2022
- Employee Count1
Associated legal entities of Savesmart
Savesmart operates through Groupot India Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Groupot India Private Limited CIN U72900KA2021PTC150250 | Strike Off | 03 Aug 2021 | Bangalore, Karnataka | – | – | 2 | View details |
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 $124,400
- Total Rounds 1
- Last Round Angel Round — $124,400
- First Round $124,400
(Feb 2022)
- Investors Count 13
All 1 funding rounds of Savesmart 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 |
|---|---|---|---|---|---|
| Feb 2022 | $124,400 | Angel Round | $1.69M | Simi Gaur |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $1.69M | •••••••• |
Last known valuation $1.69M (Feb 2022). 13 investors in total: 0 institutional and 13 angel.
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 |
|---|---|---|---|---|
VJ Vijay Jain | Angel investor and entrepreneur, founder of ORRA, active in Indian startup ecosystem | – | unknown_789081ec478142cda | - |
CR Chandrasekhar Ramachandran | - | – | unknown_c83173a2f02545eea | - |
AS Ashna Sareen | - | – | unknown_893c156326ad4658a | - |
LK Lakshminarayana KR | - | – | unknown_68183723e4aa4b579 | - |
SG Simi Gaur | - | – | unknown_290a45afff3e47b0a | - |
RP Radhakrishna PK | - | – | unknown_dda7c7851a724d0db | - |
SS Sunil Shetty | Indian actor and entrepreneur, active angel investor in fitness and wellness startups. | – | unknown_11ffdcfb7e654891a | - |
AA Arun Acharya | Angel investor and entrepreneur, focused on early-stage Indian startups. | – | unknown_2137dad139254536a | - |
SJ Siddharth Jain | Angel investor, iSPIRT member, active in Indian startup ecosystem | – | unknown_2a17a684ecab48698 | - |
SS Sunil Shetty | - | – | unknown_4afcf0c3c2d1488b8 | - |
Investor details for Savesmart
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Groupot India Private Limited (Savesmart)
Groupot India Private Limited is the primary company behind Savesmart. The board of Groupot India Private Limited currently have 2 directors; the longest-serving is Sidharth Pillai, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sidharth Pillai DIN 09265393 | Director | 03 Aug 2021 | 5 yrs 2 mo | Groupot India Private Limited |
| Rajagopal Balakrishnan DIN 09265262 | Director | 03 Aug 2021 | 5 yrs 2 mo | Groupot India Private Limited |
People of Savesmart
2 people are tracked at Savesmart (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Savesmart
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Savesmart
3 dated milestones of Savesmart across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Savesmart is founded.
- Funding First funding round of $124K.
- Milestone Reaches Minicorn status.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending | |
| tala.co | 2011 | Santa Monica, United States | $347.7M | 40 | Fintech services for credit, savings, and payments are delivered globally. | |
| acru.in | 2019 | Bengaluru, India | $233,066 | – | Micro-savings are enabled via app for mutual fund investments. | |
| siply.in | 2020 | Bengaluru, India | $27.08M | 6 | Provider of micro‑savings and financial inclusion services via AI‑driven app | |
| dvaramoney.com | 2018 | Bengaluru, India | – | 76 | Wealth management services are delivered via diversified tech-enabled accounts. | |
| wizely.in | 2016 | Bengaluru, India | $1.32M | 5 | Automated savings are managed through a goal-oriented mobile app. | |
| savvy.com.pk | 2020 | Karachi, Pakistan | – | – | Multi-industry freelancers are matched to jobs via an online platform. | |
| galgal.money | 2021 | Mumbai, India | $1.95M | – | Personal finance management is enabled through a digital banking app. | |
| fabits.com | 2014 | Bengaluru, India | – | – | Goal-based investment platform is offered for individuals' financial planning. |
Detailed competitors of Savesmart
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.
Similar companies to Savesmart
10 companies that operate in the same segment as Savesmart (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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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 2022.
Savesmart has 1 employees.
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.
Savesmart operates through Groupot India Private Limited.
The legal entities of Savesmart currently have 2 directors, including Sidharth Pillai, Rajagopal Balakrishnan.