About SmartBasket
SmartBasket is a Technology company based in Kochi (India) founded in 2022 by Thoppilthodi Raheem Shamsudheen and Nikhil Dharman. AI-optimized algorithmic trading is provided for retail investors. SmartBasket has raised $122 thousand across 1 funding round from investors including Thomas Jose Pattara, Salil Gupta and Salil Gupta. The company has 1 employees. SmartBasket was last valued at $1.23 million in November 2022. Its focus areas include FinTech, Investment Tech, Online Trading Platforms and Stocks. Its legal entity in India is Algorithma Digitech Private Limited (U72900KA2022PTC166589). Its competitors include Liquide Solutions, uTrade and Meru Capitals; 2 of its 3 listed competitors have raised funding.
Company details
SmartBasket was founded in 2022 in Kochi, India, as a fintech platform focused on algorithmic trading. A neo-broking solution is offered to retail investors, where investments are automated and optimized through artificial intelligence. Wealth management analysts and stock brokers are aggregated via the platform. The trading application is accessible on Android and iOS devices, supporting mobile-based operations in the financial sector.
- Headquarters Kochi, India
- Employees 1
- Founders Thoppilthodi Raheem Shamsudheen, Nikhil Dharman
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website smartbasket.ai
- Social LinkedIn Facebook
- Legal Name Algorithma Digitech Private Limited
- Date of Incorporation 28 Sep, 2022
- Jurisdiction Bangalore, Karnataka, India
- Total Equity Funding$122K (USD)
in 1 rounds
- Latest Funding Round$122K (USD), Angel Round
Nov 2022
- Employee Count1
Associated legal entities of SmartBasket
SmartBasket operates through Algorithma Digitech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Algorithma Digitech Private Limited CIN U72900KA2022PTC166589 | Active | 28 Sep 2022 | Bangalore, Karnataka | 3 | View details |
Funding Insights of SmartBasket
SmartBasket has successfully raised a total of $122K through 1 strategic funding round. The most recent funding activity was a Angel Round of $122 thousand completed in November 2022. 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 $122,000
- Total Rounds 1
- Last Round Angel Round — $122,000
- First Round $122,000
(Nov 2022)
- Investors Count 3
All 1 funding rounds of SmartBasket with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $122,000 | Angel Round | $1.23M | Thomas Jose Pattara, Salil Gupta | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $1.23M | •••••••• |
Last known valuation $1.23M (Nov 2022). 3 investors in total: 0 institutional and 3 angel.
Investors in SmartBasket
SmartBasket has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Thomas Jose Pattara, Salil Gupta and Salil Gupta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
TJ Thomas Jose Pattara | unknown_83286d5b9b074556b | |||
SG Salil Gupta | unknown_188960631ea940039 | |||
SG Salil Gupta | Angel investor and entrepreneur, focused on tech startups in India. | unknown_f3f2457bb8904bdb9 |
Investor details for SmartBasket
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Algorithma Digitech Private Limited (SmartBasket)
Algorithma Digitech Private Limited is the primary company behind SmartBasket. The board of Algorithma Digitech Private Limited currently have 3 directors; the longest-serving is Shamsudheen Thoppilthodi Raheem, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shamsudheen Thoppilthodi Raheem DIN 03315621 | Director | 28 Sep 2022 | 4 yrs | Algorithma Digitech Private Limited |
| Thomas Jose Pattara DIN 09815095 | Director | 07 Dec 2022 | 3 yrs 10 mo | Algorithma Digitech Private Limited |
| Sheela Dharman DIN 11001941 | Additional Director | 14 Mar 2025 | 1 yr 7 mo | Algorithma Digitech Private Limited |
People of SmartBasket
2 people are tracked at SmartBasket (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for SmartBasket
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of SmartBasket
3 dated milestones of SmartBasket, from founding to its latest funding, stage changes and deals.
- Founded SmartBasket is founded.
- Funding First funding round of $122K.
- Milestone Reaches Minicorn status.
Competitors of SmartBasket
SmartBasket has 3 listed competitors in our database, 2 of them funded. They include Liquide Solutions, uTrade and Meru Capitals.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| liquide.life | 2021 | Bengaluru, India | $2.26M | 61 | AI-powered tools for investment research and trading are provided. | |
| utradesolutions.com | 2011 | Chandigarh, India | $1.02M | 97 | Multi-asset trading platforms are offered for institutional and retail investors. | |
| merucapitals.com | 2019 | Gurugram, India | Offers an AI-based algorithmic trading platform for stock investments. |
Detailed competitors of SmartBasket
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- Full competitor set
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- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Related news about Smartbasket
Complete news archive for SmartBasket
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Frequently Asked Questions about SmartBasket
SmartBasket was founded in 2022.
SmartBasket is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
SmartBasket is a funded company, having raised a total of $122K across 1 funding round to date. The company's 1st funding round was a Angel Round of $122K, raised on Nov 2022.
SmartBasket has 1 employees.
SmartBasket was founded in 2022 in Kochi, India, as a fintech platform focused on algorithmic trading. A neo-broking solution is offered to retail investors, where investments are automated and optimized through artificial intelligence. Wealth management analysts and stock brokers are aggregated via the platform. The trading application is accessible on Android and iOS devices, supporting mobile-based operations in the financial sector.
SmartBasket's top competitors include Liquide Solutions, uTrade and Meru Capitals.
SmartBasket has 3 investors. Key investors include Thomas Jose Pattara, Salil Gupta, and Salil Gupta.
The valuation of SmartBasket is $1.23M as of Nov 2022.
SmartBasket operates through Algorithma Digitech Private Limited.
The legal entities of SmartBasket currently have 3 directors, including Shamsudheen Thoppilthodi Raheem, Thomas Jose Pattara, Sheela Dharman.