About SBNRI
SBNRI is a company based in Gurugram (India) founded in 2020 by Mudit Vijayvergiya. It operates as a Professional Services, and Commission-Based. SBNRI has raised $2.51 million across 4 funding rounds from investors including Angel List, Wellfound and Quona. SBNRI offers products and services including NRI Investments, NRI Banking, and Tax Advisory.
- Headquarter Gurugram, India
- Founders Mudit Vijayvergiya
- 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 Sbnri Technologies Pvt Ltd
- Date of Incorporation 21 Jan, 2020
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$111.9 K (USD)215.38as on Mar 31, 2023
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Net Profit
$-1.06 M (USD)-218.4as on Mar 31, 2023
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EBITDA
$-1.1 M (USD)-215.12as on Mar 31, 2023
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Total Equity Funding
$2.51 M (USD)
in 4 rounds
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Latest Funding Round
$119.61 K (USD), Angel Round
Apr 17, 2024
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Investors
Angel List
& 19 more
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Employee Count
Employee Count
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Products & Services of SBNRI
SBNRI offers a comprehensive portfolio of products and services, including NRI Investments, NRI Banking, and Tax Advisory. 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.
Investment options for NRIs in Indian markets provided.
Banking solutions for NRIs in India are offered.
Tax filing and consultation for NRIs are facilitated.
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Funding Insights of SBNRI
SBNRI has successfully raised a total of $2.51M across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $119.61 thousand completed in April 2024. 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 4
- Last Round Angel Round — $119,613
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First Round
First Round
(25 May 2020)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Angel Round - SBNRI | Valuation | Anoop Gupta , Ashish Gupta |
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| Oct, 2023 | Amount | Seed - SBNRI | Valuation | Quona , Firstport Capital | |
| Oct, 2021 | Amount | Seed - SBNRI | Valuation | Wellfound , AngelList |
| 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 SBNRI
SBNRI has secured backing from 20 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and Quona. 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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Fintech investments focused on financial inclusion and global economic growth.
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Founded Year | Domain | Location | |
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Venture capital investment in tech-startups
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Founded Year | Domain | Location | |
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Diversified investment management firm
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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 SBNRI
| 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 - SBNRI
| 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 |
Sbnri Comparisons
Competitors of SBNRI
| 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 Sbnri
Frequently Asked Questions about SBNRI
When was SBNRI founded?
SBNRI was founded in 2020.
Where is SBNRI located?
SBNRI is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is SBNRI a funded company?
SBNRI is a funded company, having raised a total of $2.51M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.26M, raised on May 25, 2020.
What is the annual revenue of SBNRI?
Annual revenue of SBNRI is $111.9K as on Mar 31, 2023.
What does SBNRI do?
SBNRI is focused on delivering financial solutions tailored for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). Services including investments, banking, and tax advisory are offered to facilitate wealth growth in India. Multiple asset classes such as mutual funds, digital gold, and portfolio management are covered. Support for taxation, repatriation, and account management is provided. The platform serves clients from over 30 countries, ensuring compliance and ease of transition for NRI-related financial needs.
What products or services does SBNRI offer?
SBNRI offers NRI Investments, NRI Banking, and Tax Advisory.
Who are SBNRI's investors?
SBNRI has 20 investors. Key investors include Angel List, Wellfound, Quona, Gemba Capital, and Patni Financial Advisors.
What is SBNRI's valuation?
The valuation of SBNRI is $11.4M as of Apr 2024.