About Simpl
Simpl is a company based in Bengaluru (India) founded in 2015 by Nityanand Sharma.. Simpl has raised $47.47 million across 4 funding rounds from investors including FJ Labs, Green Visor Capital and IA Ventures. The company has 144 employees as of January 31, 2025. Simpl operates in a competitive market with competitors including PayJoy, Credit Fair, ZestMoney, Lazypay and Snapmint, among others.
- Headquarter Bengaluru, India
- Employees 144 as on 31 Jan, 2025
- Founders Nityanand Sharma
- 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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Annual Revenue
$18.09 M (USD)48as on Mar 31, 2024
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Net Profit
$-32.17 M (USD)27as on Mar 31, 2024
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EBITDA
$-25.62 M (USD)40as on Mar 31, 2024
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Total Equity Funding
$47.47 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series B
Oct 14, 2021
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Investors
FJ Labs
& 43 more
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Employee Count
144
as on Jan 31, 2025
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Funding Insights of Simpl
Simpl has successfully raised a total of $47.47M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in October 2021. 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 Series B — $40.0M
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First Round
First Round
(03 Jun 2015)
- Investors Count 44
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series B - Simpl | Valuation | IA Ventures , Valar Ventures | |
| Aug, 2017 | Amount | Series A - Simpl | Valuation | Green Visor Capital | |
| Nov, 2016 | Amount | Seed - Simpl | Valuation | Green Visor Capital , IA Ventures |
| 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 Simpl
Simpl has secured backing from 44 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include FJ Labs, Green Visor Capital and IA Ventures. 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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US tech investments are targeted by Green Visor Capital.
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Founded Year | Domain | Location | |
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Seed and early-stage venture capital firm focusing on investments in technology and fintech companies
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on fintech, Edtech, and multiple sectors
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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 Simpl
| 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 - Simpl
| 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 |
Simpl Comparisons
Competitors of Simpl
Simpl 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 PayJoy, Credit Fair, ZestMoney, Lazypay and Snapmint, 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 |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
Solar financing solutions are provided by Credit Fair in India.
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| domain | founded_year | HQ Location |
Online platform offering point-of-sale financing
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| domain | founded_year | HQ Location |
Provider of digital payment solutions, including deferred payment and personal loans
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| domain | founded_year | HQ Location |
No-credit-card EMI solutions for online purchases are provided.
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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 Simpl
Frequently Asked Questions about Simpl
When was Simpl founded?
Simpl was founded in 2015.
Where is Simpl located?
Simpl is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Simpl?
Nityanand Sharma is the current CEO of Simpl. They have also founded this company.
Is Simpl a funded company?
Simpl is a funded company, having raised a total of $47.47M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.27M, raised on Jun 03, 2015.
How many employees does Simpl have?
As of Jan 31, 2025, the latest employee count at Simpl is 144.
What is the annual revenue of Simpl?
Annual revenue of Simpl is $18.09M as on Mar 31, 2024.
What does Simpl do?
Simpl was founded in 2015 in Bengaluru, India, as a fintech company focused on digital payments. An online marketplace platform is operated to enable purchase financing for e-commerce shoppers. Checkout processes are streamlined, allowing payments to be deferred over a 15-day cycle without interest. Proprietary technology is utilized to handle payment management, conversion optimization, and user experience in the online retail sector.
Who are the top competitors of Simpl?
Who are Simpl's investors?
Simpl has 44 investors. Key investors include FJ Labs, Green Visor Capital, IA Ventures, Recruit Strategic Partners, and Valar Ventures.
What is Simpl's valuation?
The valuation of Simpl is $15.1M as of Aug 2017.
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