About slice
slice is a company based in Guwahati (India) founded in 2015 by Rajan Bajaj.. slice has raised $341.71 million across 16 funding rounds from investors including InCred, AU Small Finance Bank and Axis Bank. The company has 247 employees as of April 05, 2024. slice has completed 1 acquisition, including PayPal India. slice offers products and services including Savings Account and Fixed Deposit. slice operates in a competitive market with competitors including Uni Cards, OneCard, Kiwi, Paytail and Galaxycard, among others.
- Headquarter Guwahati, India
- Employees 247 as on 05 Apr, 2024
- Founders Rajan Bajaj
- Stage Unicorn
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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 Garagepreneurs Internet Private Limited
- Date of Incorporation 12 Jun, 2015
- Jurisdiction Gmc, Assam, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$341.71 M (USD)
in 16 rounds
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Latest Funding Round
$7.77 M (USD), Debt – Conventional
Jul 19, 2024
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Investors
InCred
& 59 more
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Employee Count
247
as on Apr 05, 2024
- Investments & Acquisitions
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Products & Services of slice
slice offers a comprehensive portfolio of products and services, including Savings Account and Fixed Deposit. 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.
Account providing daily interest at 100% RBI repo rate with no hidden fees.
Fixed deposits offering up to 9% interest per annum with instant withdrawal options.
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Software Development Team
63 people
Legal and Compliance
10 people
Leadership Team
8 people
Data Analysis and Operations Team
7 people
SDE Team
6 people
Head Team
5 people
SDET Team
5 people
Human Resources and Administration
4 people
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Funding Insights of slice
slice has successfully raised a total of $341.71M across 16 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $7.77 million completed in July 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 16
- Last Round Debt – Conventional — $7.8M
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First Round
First Round
(07 Jul 2015)
- Investors Count 60
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Debt – Conventional - slice | Valuation |
investors |
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| Jun, 2024 | Amount | Debt – Conventional - slice | Valuation |
investors |
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| Nov, 2023 | Amount | Debt – Conventional - slice | Valuation |
investors |
| 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 slice
slice has secured backing from 60 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include InCred, AU Small Finance Bank and Axis Bank. 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 debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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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 slice
slice has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PayPal India. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Secure digital payment solutions are provided by PayPal India.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - slice
| 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 |
Slice Comparisons
Competitors of slice
slice 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 Uni Cards, OneCard, Kiwi, Paytail and Galaxycard, 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 |
A gold rewards credit card program is provided for users.
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| domain | founded_year | HQ Location |
Provider of metal credit cards with a mobile application interface
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| domain | founded_year | HQ Location |
Nearby fabric stores are located via an app-based search platform.
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| domain | founded_year | HQ Location |
Finance and e-commerce solutions are enabled via instant EMI loans.
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| domain | founded_year | HQ Location |
Smartphone-linked credit cards are issued for consumer payments.
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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 Slice
Frequently Asked Questions about slice
When was slice founded?
slice was founded in 2015.
Where is slice located?
slice is headquartered in Guwahati, India. It is registered at Guwahati, Assam, India.
Who is the current CEO of slice?
Rajan Bajaj is the current CEO of slice. They have also founded this company.
Is slice a funded company?
slice is a funded company, having raised a total of $341.71M across 16 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $9.01M, raised on Jul 07, 2015.
How many employees does slice have?
As of Apr 05, 2024, the latest employee count at slice is 247.
What does slice do?
Slice was founded in 2015 in Guwahati, India, as an operator of a digital platform in the financial services sector. Savings accounts and fixed deposits are offered, along with digital account management and customer support features. Operations focus on secure transactions, with industry best practices applied for fraud prevention and overall security. The platform serves users in India through its online domain, sliceit.com.
Who are the top competitors of slice?
slice's top competitors include OneCard, Uni Cards and Pixel Cards.
What products or services does slice offer?
slice offers Savings Account and Fixed Deposit.
How many acquisitions has slice made?
slice has made 1 acquisition, including PayPal India.
Who are slice's investors?
slice has 60 investors. Key investors include InCred, AU Small Finance Bank, Axis Bank, Angel List, and Northern Arc Capital.
What is slice's valuation?
The valuation of slice is $1.33B as of May 2022.
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