About StoreCash
StoreCash is a company based in San Jose (United States) founded in 2019 by Phani Mullapudi, Daricus Releford, and Sheetal Ravi.. StoreCash has raised $6.04 million across 3 funding rounds from investors including Western Union, Black Ops and MaC Venture Capital. StoreCash offers products and services including StoreCash App. StoreCash operates in a competitive market with competitors including JibJab, Punchbowl, Paperless Post, Sincerely and Smilebox, among others.
- Headquarter San Jose, United States
- Founders Phani Mullapudi, Daricus Releford, Sheetal Ravi
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Sectors
RetailFinancial 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.04 M (USD)
in 3 rounds
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Latest Funding Round
$3.7 M (USD), Seed
Nov 20, 2024
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Investors
Western Union
& 7 more
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Employee Count
Employee Count
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Products & Services of StoreCash
StoreCash offers a comprehensive portfolio of products and services, including StoreCash App. 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.
Mobile app for earning instant cash back on retail purchases.
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Funding Insights of StoreCash
StoreCash has successfully raised a total of $6.04M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3.7 million completed in November 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 3
- Last Round Seed — $3.7M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Seed - StoreCash | Valuation | Black Operator Ventures | |
| Mar, 2024 | Amount | Seed - StoreCash | Valuation |
investors |
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| Jun, 2019 | Amount | Seed - StoreCash | Valuation | Western Union |
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| 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 StoreCash
StoreCash has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Western Union, Black Ops and MaC Venture Capital. 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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Investments are made in innovative startup founders by Black Ops.
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Founded Year | Domain | Location | |
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A seed-stage venture capital firm
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Founded Year | Domain | Location | |
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Seed-stage investments are targeted by 43North in startups.
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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 StoreCash
| 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 - StoreCash
| 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 |
Storecash Comparisons
Competitors of StoreCash
StoreCash 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 JibJab, Punchbowl, Paperless Post, Sincerely and Smilebox, 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 |
Customizable eCards and videos for greetings are provided online.
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| domain | founded_year | HQ Location |
Digital invitations and greeting cards are sold online for personalization.
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| domain | founded_year | HQ Location |
App and online platform for greeting/invitation cards
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| domain | founded_year | HQ Location |
Custom photo postcard and greeting card apps are provided.
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| domain | founded_year | HQ Location |
Online platform to send customizable greetings cards
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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 Storecash
Frequently Asked Questions about StoreCash
When was StoreCash founded?
StoreCash was founded in 2019.
Where is StoreCash located?
StoreCash is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Who is the current CEO of StoreCash?
Daricus Releford is the current CEO of StoreCash. They have also founded this company.
Is StoreCash a funded company?
StoreCash is a funded company, having raised a total of $6.04M across 3 funding rounds to date.
What does StoreCash do?
StoreCash was founded in 2019 in San Jose, United States, focusing on the digital gifting sector. Virtual cards are provided through a mobile application available on Android and iOS devices. Users select retailers, amounts, and gift options, with cards shared via SMS or social media for payments at partnered outlets. Collaborations are maintained with Techstars and Western Union to support operations.
Who are the top competitors of StoreCash?
StoreCash's top competitors include JibJab, Paperless Post and Punchbowl.
What products or services does StoreCash offer?
StoreCash offers StoreCash App.
Who are StoreCash's investors?
StoreCash has 8 investors. Key investors include Western Union, Black Ops, MaC Venture Capital, 43North, and Alumni Ventures.
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