About Siply
Siply is a company based in Bengaluru (India) founded in 2020 by Nitin Mittal and Sousthav Chakrabarty.. Siply has raised $27.08 million across 8 funding rounds from investors including Angel List, LetsVenture and AngelList India. The company has 16 employees as of April 04, 2024. Siply operates in a competitive market with competitors including Kaleidofin, Tala, Acru, Dvara Money and Wizely, among others.
- Headquarter Bengaluru, India
- Employees 16 as on 04 Apr, 2024
- Founders Nitin Mittal, Sousthav Chakrabarty
- 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 Siply Services Private Limited
- Date of Incorporation 18 Jul, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$267.54 K (USD)1333.8as on Mar 31, 2022
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Net Profit
$-4.49 M (USD)-644.32as on Mar 31, 2022
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EBITDA
$-4.43 M (USD)-645.68as on Mar 31, 2022
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Total Equity Funding
$27.08 M (USD)
in 8 rounds
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Latest Funding Round
$36.33 K (USD), Angel Round
Feb 10, 2023
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Investors
Angel List
& 52 more
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Employee Count
16
as on Apr 04, 2024
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Funding Insights of Siply
Siply has successfully raised a total of $27.08M across 8 strategic funding rounds. The most recent funding activity was a Angel Round round of $36.33 thousand completed in February 2023. 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 8
- Last Round Angel Round — $36,328
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First Round
First Round
(17 Dec 2020)
- Investors Count 53
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Angel Round - Siply | Valuation |
investors |
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| Jun, 2022 | Amount | Debt – Conventional - Siply | Valuation |
investors |
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| Apr, 2022 | Amount | Seed - Siply | Valuation | QI 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 Siply
Siply has secured backing from 53 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Angel List, LetsVenture and AngelList India. 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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Venture capital services focused on funding and supporting innovative startups in technology and finance sectors.
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Founded Year | Domain | Location | |
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Investments in technology sectors are made by Earlsfield Capital.
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Founded Year | Domain | Location | |
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Multiple sectors are incubated by the foundation in Mumbai, India.
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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 Siply
| 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 - Siply
| 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 |
Siply Comparisons
Competitors of Siply
Siply 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, Dvara Money and Wizely, 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 |
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 |
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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| 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 Siply
Frequently Asked Questions about Siply
When was Siply founded?
Siply was founded in 2020.
Where is Siply located?
Siply is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Siply?
Sousthav Chakrabarty is the current CEO of Siply. They have also founded this company.
Is Siply a funded company?
Siply is a funded company, having raised a total of $27.08M across 8 funding rounds to date. The company's 1st funding round was a Seed of $19M, raised on Dec 17, 2020.
How many employees does Siply have?
As of Apr 04, 2024, the latest employee count at Siply is 16.
What is the annual revenue of Siply?
Annual revenue of Siply is $267.54K as on Mar 31, 2022.
What does Siply do?
Provider of microsavings and financial inclusion services via AIdriven app. The platform enables underserved users to save in small increments and access investment offerings through a vernacular mobile interface. It supports automated savings pathways, microloan disbursement, and participation in group savings formats. Integrated AI assists by tailoring product recommendations and optimizing user engagement based on behavior patterns and language preferences. Designed for digitally underserved populations, the app delivers flexible onboarding, instant access to savings and loans, and intuitive vernacular navigation without requiring financial literacy. This solution addresses inclusion by combining microfinancial services, educational content, and AI personalization in one accessible ecosystem.
Who are the top competitors of Siply?
Siply's top competitors include Kaleidofin, Tala and Acru.
Who are Siply's investors?
Siply has 53 investors. Key investors include Angel List, LetsVenture, AngelList India, Hanuka Technology, and QI Ventures.
What is Siply's valuation?
The valuation of Siply is $50.66M as of Feb 2023.