About ShakePe
ShakePe is a Financial Services company based in Bengaluru (India) founded in 2020. Functions as an expense management platform designed for businesses. It operates on a B2B model. The company has 141 employees. Its Indian entity Opcommerce Online Private Limited reported revenue of ₹202 Cr. Its focus areas include Technology, FinTech, Expense Management and Business Platforms. Its competitors include Bizongo, Karbon and Cashflo; 3 of its 3 listed competitors have raised funding.
Company details
ShakePe, established in 2020, excels in leveraging cutting-edge technology, innovating financial technology, expense management, and business platforms. Functions as an expense management platform designed for businesses. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Bengaluru, India
- Employees 141
- SectorsFinancial Services
- Phone•••• ••••
- Website shakepe.com
- Social LinkedIn X Facebook Instagram
- Legal Name Opcommerce Online Private Limited
- Date of Incorporation 12 Mar, 2018
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹202 Cr
FY 2024 · +45% YoY
- Net Loss-₹8.87 Cr
FY 2024 · -4% margin
- EBITDA-₹3.94 Cr
FY 2024 · -2% margin
- Employee Count141
Associated legal entities of ShakePe
ShakePe operates through Opcommerce Online 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 |
|---|---|---|---|---|---|---|---|
| Opcommerce Online Private Limited CIN U93000GJ2018PTC101212 | Active | 12 Mar 2018 | Ahmedabad, Gujarat | ₹202 Cr | 141 | 7 | View details |
Board of directors of Opcommerce Online Private Limited (ShakePe)
Opcommerce Online Private Limited is the primary company behind ShakePe. The board of Opcommerce Online Private Limited currently have 7 directors; the longest-serving is Kamlesh Vaghjibhai Vora, appointed in 2018. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kamlesh Vaghjibhai Vora DIN 00337872 | Director | 12 Mar 2018 | 8 yrs 7 mo | Opcommerce Online Private Limited |
| Viral Champaklal Vora DIN 01443518 | Director | 12 Mar 2018 | 8 yrs 7 mo | Opcommerce Online Private Limited |
| Akshay Achut Hegde DIN 07362958 | Director | 20 Mar 2018 | 8 yrs 7 mo | Opcommerce Online Private Limited |
| Akash Achut Hegde DIN 07443560 | Director | 20 Mar 2018 | 8 yrs 7 mo | Opcommerce Online Private Limited |
| Mahendra Babaldas Vora DIN 00934692 | Director | 20 Mar 2018 | 8 yrs 7 mo | Opcommerce Online Private Limited |
| Velayudhan Krishnan Nair DIN 00820018 | Director | 20 Mar 2018 | 8 yrs 7 mo | Opcommerce Online Private Limited |
| Ravi Bhamidipaty DIN 00160891 | Director | 18 Sep 2024 | 2 yrs 1 mo | Opcommerce Online Private Limited |
Financials of ShakePe
Figures of Opcommerce Online Private Limited, the primary company behind ShakePe, for FY 2024. Revenue was ₹202 Cr (+45% year on year). Net loss was -₹8.87 Cr (-4% margin). EBITDA was -₹3.94 Cr (-2% margin). Revenue has grown at a compounded annual rate of +111% over three years and +107% over five years.
- ₹202 CrRevenue · FY 2024 · +45% YoY
- -₹8.87 CrNet loss · -4% margin
- -₹3.94 CrEBITDA · -2% margin
- ₹1.6 LakhPaid-up capital
- 141Employees (provident fund records)
- +111%Revenue CAGR, 3 years
- +107%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Opcommerce Online Private Limited are on its company page.
Detailed financial statements for ShakePe
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Competitors of ShakePe
ShakePe has 3 listed competitors in our database, 3 of them funded. They include Bizongo, Karbon and Cashflo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| karboncard.com | 2019 | Bengaluru, India | $30.2M | 142 | International payment and corporate expense solutions are offered to businesses. | |
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software |
Detailed competitors of ShakePe
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of ShakePe
The website of ShakePe (shakepe.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▼ 92.4% vs previous month
Websites whose visitors overlap most with ShakePe. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gyftr.com | 100% | 4.5M | #13,797 | View details |
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Related news about Shakepe
Complete news archive for ShakePe
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Frequently Asked Questions about ShakePe
ShakePe was founded in 2020.
ShakePe is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
ShakePe has 141 employees.
The primary company behind ShakePe, Opcommerce Online Private Limited, reported revenue of ₹202 Cr for FY 2024, up 45% year on year.
ShakePe, established in 2020, excels in leveraging cutting-edge technology, innovating financial technology, expense management, and business platforms. Functions as an expense management platform designed for businesses. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
ShakePe operates through Opcommerce Online Private Limited.
The legal entities of ShakePe currently have 7 directors, including Kamlesh Vaghjibhai Vora, Ravi Bhamidipaty, Akshay Achut Hegde and others.