About Spiderg
Spiderg is a Technology company based in Pune (India) founded in 2015 by Harshal Vivek Ingale. Payment collection application and API ecosystem are developed for micro-businesses. It operates in the Technology and Financial Services sectors. Spiderg has raised $592.85 thousand across 7 funding rounds from investors including Maharashtra State Innovation Society, VGA Venture and Anuradha Harshal Morde. Spiderg was last valued at $2.66 million in January 2020. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Quote to Cash. Its competitors include Vyapar, IppoPay and Nupay; 3 of its 3 listed competitors have raised funding.
Company details
Spiderg was founded in 2015 in Pune, India, within the fintech sector. A platform is provided for automating payment collection and reconciliation, targeting micro-businesses. Features such as recurring invoices, auto-reconciliation, record-keeping, alerts, and invoice tracking are included. Receivables are collected on time through this ecosystem, with operations focused on streamlining financial processes in the Indian market.
- Headquarters Pune, India
- Founders Harshal Vivek Ingale
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website spiderg.com
- Social LinkedIn X
- Annual Revenue$17.37 K (USD)-36as on Mar 31, 2022
- Net Profit-$6.5 K (USD)87as on Mar 31, 2022
- EBITDA-$6.11 K (USD)87as on Mar 31, 2022
- Total Equity Funding$592.85K (USD)
in 7 rounds
- Latest Funding Round$121.25K (USD), Angel Round
Jan 2020
- InvestorsMaharashtra State Innovation Society
& 31 more
Associated legal entities of Spiderg
Spiderg is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Coldfix Technologies Private Limited CIN U74999PN2016PTC164439 | Active | 11 May 2016 | Pune, Maharashtra | ₹0.3 Cr | 4 | View details | |
| Gladiris Technologies Private Limited CIN U72200PN2015PTC154529 | Active | 30 Mar 2015 | Pune, Maharashtra | ₹0.3 Cr | 2 | View details |
Funding Insights of Spiderg
Spiderg has successfully raised a total of $592.85K across 7 strategic funding rounds. The most recent funding activity was a Angel Round of $121.25 thousand completed in January 2020. 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 $592,846
- Total Rounds 7
- Last Round Angel Round — $121,254
- First Round $52,087
(Mar 2016)
- Investors Count 32
All 7 funding rounds of Spiderg 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 |
|---|---|---|---|---|---|
| Jan 2020 | $121,254 | Angel Round | $2.66M | Rajesh Vaishnav, Rajesh Vaishnav | |
| Oct 2018 | $93,863 | Seed | $10.88M | Rahul Kirloskar | |
| Jul 2018 | Grant | – | – | ||
| Mar 2018 | $63,554 | Seed | $••••• | Rahul Kirloskar, Probal Kumar Ghosal | |
| Nov 2016 | $145,669 | Angel Round | $••••• | Ashish Nanda | |
| Jun 2016 | $116,419 | Angel Round | – | Mahendra Vasantrai Doshi, Malyada Share And Securities | |
| Mar 2016 | $52,087 | Seed | $••••• | Bhavani Holdings |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2020 | $2.66M | •••••••• |
| Oct 2018 | $10.88M | •••••••• |
| Mar 2018 | $••••• | •••••••• |
| Nov 2016 | $••••• | •••••••• |
| Mar 2016 | $••••• | •••••••• |
Full valuation and stage history of Spiderg
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $2.66M (Jan 2020). 32 investors in total: 6 institutional and 26 angel.
Investors in Spiderg
Spiderg has secured backing from 32 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Maharashtra State Innovation Society, VGA Venture and Anuradha Harshal Morde.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on early-stage tech startups | 2021 | vgaventure.com | Bhilai, India | |
Promotion of innovation and digital services in Maharashtra. | 2017 | msins.in | Mumbai, India | |
| bhavaniholdings.tcc.mode | ||||
M&A advisory services are offered across multiple sectors. | firsteuromaxadivsory.tcc.mode | Mumbai, India | ||
Shares and securities brokerage services are provided in India. | malyadashareandsecurities.tcc.mode | Mumbai, India | ||
It serves as a fusion ventures, llc. | 2009 | fusion-ventures.com | United States | |
AH Anuradha Harshal Morde | unknown_ba143ee2f4714d6bb | |||
NE Nilofer Ebrahim | unknown_ff66abae7ac34acdb | |||
RV Rajesh Vaishnav | unknown_1dad40fb29374b92b | |||
KI Kashasa Inman | unknown_88641204831a46bc9 |
Investor details for Spiderg
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Spiderg
The boards of the 2 registered companies of Spiderg currently have 5 directors; the longest-serving is Ashwani Kumar Singh Rathore, appointed in 2016. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashwani Kumar Singh Rathore DIN 01769567 | Director | 11 May 2016 | 10 yrs 5 mo | Coldfix Technologies Private Limited, Gladiris Technologies Private Limited |
| Wilfred Vincent Vaz DIN 07480323 | Director | 11 May 2016 | 10 yrs 5 mo | Coldfix Technologies Private Limited |
| Bapu Balu Dotre DIN 07480301 | Director | 11 May 2016 | 10 yrs 5 mo | Coldfix Technologies Private Limited |
| Pankaj Bapurao Dhotre DIN 07577360 | Additional Director | 01 Aug 2016 | 10 yrs 2 mo | Coldfix Technologies Private Limited |
| Eric John Fonseca DIN 09486004 | Director | 14 Mar 2022 | 4 yrs 7 mo | Gladiris Technologies Private Limited |
People of Spiderg
1 people are tracked at Spiderg (1 in leadership).
| Name | Role | Group |
|---|---|---|
Harshal Vivek Ingale | Co-Founder | Leadership |
Complete people profiles for Spiderg
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Spiderg
Figures of Coldfix Technologies Private Limited, the primary company behind Spiderg, for FY 2020. Revenue was ₹34.4 Lakh (+473% year on year).
- ₹34.4 LakhRevenue · FY 2020 · +473% YoY
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Coldfix Technologies Private Limited are on its company page.
Detailed financial statements for Spiderg
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Spiderg
4 dated milestones of Spiderg across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Spiderg is founded.
- Funding First funding round of $52K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $121K.
Competitors of Spiderg
Spiderg has 3 listed competitors in our database, 3 of them funded. They include Vyapar, IppoPay and Nupay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vyaparapp.in | 2016 | Bengaluru, India | $35.89M | 1,155 | Cloud-based invoicing and inventory tools for small businesses are provided. | |
| ippopay.com | 2020 | Chennai, India | $4.65M | 229 | QR codes and UPIs are used for business payment acceptance. | |
| nupay.co.in | 2018 | Gurugram, India | $845,325 | 21 | API infrastructure for banking, payments, lending, and reconciliation is provided. |
Detailed competitors of Spiderg
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Related news about Spiderg
Complete news archive for Spiderg
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Frequently Asked Questions about Spiderg
Spiderg was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Spiderg is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Spiderg is a funded company, having raised a total of $592.85K across 7 funding rounds to date. The company's 1st funding round was a Seed of $52.09K, raised on Mar 2016.
Annual revenue of Spiderg is $17.37K as on Mar 31, 2022.
Spiderg was founded in 2015 in Pune, India, within the fintech sector. A platform is provided for automating payment collection and reconciliation, targeting micro-businesses. Features such as recurring invoices, auto-reconciliation, record-keeping, alerts, and invoice tracking are included. Receivables are collected on time through this ecosystem, with operations focused on streamlining financial processes in the Indian market.
Spiderg has 32 investors. Key investors include Maharashtra State Innovation Society, VGA Venture, Anuradha Harshal Morde, Nilofer Ebrahim, and Rajesh Vaishnav.
The valuation of Spiderg is $2.66M as of Jan 2020.
Spiderg is associated with 2 legal entities: Coldfix Technologies Private Limited, Gladiris Technologies Private Limited.
The legal entities of Spiderg currently have 5 directors, including Ashwani Kumar Singh Rathore, Wilfred Vincent Vaz, Pankaj Bapurao Dhotre and others.