About Sqrrl
Sqrrl is a company based in Delhi (India) founded in 2016 was acquired by CASHe in May 2022. It operates as a FinTech and Subscription Services. Sqrrl has raised $1.47 million across 3 funding rounds from investors including CASHe, Equanimity Investments and Suresh Shetty. The company has 7 employees as of April 05, 2024. Sqrrl offers products and services including 13Karat, Goal-based Investing, Digital Gold, and SIP Investing. Sqrrl operates in a competitive market with competitors including Scripbox, FundsIndia, Kuvera, AssetPlus and Bandhan Mutual Fund, among others.
- Headquarter Delhi, India
- Employees 7 as on 05 Apr, 2024
- 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 Sqrrl Fintech Private Limited
- Date of Incorporation 23 May, 2016
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$99.82 K (USD)5.26as on Mar 31, 2022
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Net Profit
-$191.54 K (USD)-1.68as on Mar 31, 2022
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EBITDA
-$90.01 K (USD)27.53as on Mar 31, 2022
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Total Equity Funding
$1.47 M (USD)
in 3 rounds
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Latest Funding Round
$411.86 K (USD), Seed
Oct 03, 2019
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Investors
CASHe
& 16 more
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Employee Count
7
as on Apr 05, 2024
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Acquired by
CASHe
(May 10, 2022)
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Products & Services of Sqrrl
Sqrrl offers a comprehensive portfolio of products and services, including 13Karat, Goal-based Investing, Digital Gold, and SIP Investing.
Fixed-income product offering high returns up to 13%.
Investment planning tailored to achieve specific financial goals.
Platform for buying and selling digital gold online.
Systematic investment plans for disciplined mutual fund investing.
Funding Insights of Sqrrl
Sqrrl has successfully raised a total of $1.47M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $411.86 thousand completed in October 2019. 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 3
- Last Round Seed — $411,864
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First Round
First Round
(05 Feb 2018)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Seed - Sqrrl | Valuation | Equanimity Investments | |
| Jun, 2018 | Amount | Seed - Sqrrl | Valuation | Equanimity Investments |
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| Feb, 2018 | Amount | Angel Round - Sqrrl | Valuation | Ravi Sud , Ravi Sud |
Investors in Sqrrl
Sqrrl has secured backing from 17 investors, including venture fund and angel investors. Prominent investors backing the company include CASHe, Equanimity Investments and Suresh Shetty.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in early-stage Indian startups focusing on technology and innovation.
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Founded Year | Domain | Location | |
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SS
Suresh Shetty |
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Founded Year | Domain | Location |
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RA
Rajiv Anand |
Angel investor, banking veteran, ex-Axis Bank executive, focused on fintech
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Founded Year | Domain | Location |
Investments & Acquisitions by Sqrrl
Financial Statements - Sqrrl
Sqrrl Comparisons
Competitors of Sqrrl
Sqrrl 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 Scripbox, FundsIndia, Kuvera, AssetPlus and Bandhan Mutual Fund, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering mutual fund investments, financial planning, and wealth growth services
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| domain | founded_year | HQ Location |
Online investment platform for mutual funds and other financial products
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| domain | founded_year | HQ Location |
Mutual fund portfolios are created via an app-based investment platform.
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| domain | founded_year | HQ Location |
Mutual fund investments are enabled via advisor-assisted diversified plans.
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| domain | founded_year | HQ Location |
Online platform for investing in mutual funds
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| domain | founded_year | HQ Location |
Online platform for mutual funds, stock broking, and other investment services.
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Frequently Asked Questions about Sqrrl
Sqrrl was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Sqrrl is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Sqrrl is a funded company, having raised a total of $1.47M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $54.47K, raised on Feb 05, 2018.
As of Apr 05, 2024, the latest employee count at Sqrrl is 7.
Annual revenue of Sqrrl is $99.82K as on Mar 31, 2022.
Sqrrl is engaged in offering digital investment and savings solutions tailored for individuals seeking to build wealth. The company operates in the financial services sector, providing a range of products like mutual funds, digital gold, and fixed deposits. Innovative approaches such as goal-based investing and systematic investment plans are utilized to simplify financial management. Personalized plans and expert guidance are provided to help users navigate their investment journey. Small, manageable investment options are emphasized to encourage starting early and benefiting from compounding. Security of investments and data is prioritized through advanced encryption on their platform.
Sqrrl's top competitors include Scripbox, FundsIndia and AssetPlus.
Sqrrl offers 13Karat, Goal-based Investing, Digital Gold, and SIP Investing.
Sqrrl has 17 investors. Key investors include CASHe, Equanimity Investments, Suresh Shetty, Rajiv Anand, and Rajesh Sud.
The valuation of Sqrrl is $4.62M as of Oct 2019.