About Sub-K
Sub-K is a company based in Hyderabad (India) founded in 2010 by Vijay Mahajan.. Sub-K has raised $22.51 million across 8 funding rounds from investors including Accion, Basix and Michael & Susan Dell Foundation. The company has 1,868 employees as of April 05, 2024. Sub-K offers products and services including Sub-K Pay App, Sub-K SARTHI Services, and Agent Network Management. Sub-K operates in a competitive market with competitors including Dvara KGFS, Kaleidofin, Spice Money, PayNearby and Fino Paytech, among others.
- Headquarter Hyderabad, India
- Employees 1868 as on 05 Apr, 2024
- Founders Vijay Mahajan
- Stage Minicorn
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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
*********
- Legal Name Sub-K Impact Solutions Limited
- Date of Incorporation 02 Aug, 2010
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$9.45 M (USD)-21.53as on Mar 31, 2023
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Net Profit
$-3.21 M (USD)9.84as on Mar 31, 2023
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EBITDA
$-3.19 M (USD)10.61as on Mar 31, 2023
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Total Equity Funding
$22.51 M (USD)
in 8 rounds
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Latest Funding Round
$10.55 M (USD), Series C
Oct 03, 2019
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Investors
Accion
& 41 more
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Employee Count
1868
as on Apr 05, 2024
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Products & Services of Sub-K
Sub-K offers a comprehensive portfolio of products and services, including Sub-K Pay App, Sub-K SARTHI Services, and Agent Network Management. 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 digital payments and financial transactions.
Platform for managing agent networks in microfinance operations.
System for overseeing local agents providing financial services.
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Funding Insights of Sub-K
Sub-K has successfully raised a total of $22.51M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $10.55 million 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 8
- Last Round Series C — $10.5M
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First Round
First Round
(22 Jun 2011)
- Investors Count 42
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series C - Sub-K | Valuation | Maj Invest |
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| Dec, 2018 | Amount | Series B - Sub-K | Valuation | Accion , Nordic Microfinance Initiative |
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| Mar, 2018 | Amount | Series A - Sub-K | Valuation | Accion |
| 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 Sub-K
Sub-K has secured backing from 42 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accion, Basix and Michael & Susan Dell Foundation. 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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Private equity investments are directed toward ESG-focused companies.
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Founded Year | Domain | Location | |
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Investment management services and private equity funds are offered.
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Founded Year | Domain | Location | |
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Foundation focused on early-stage investments in fintech sector
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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 Sub-K
| 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 - Sub-K
| 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 |
Sub-K Comparisons
Competitors of Sub-K
Sub-K 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 Dvara KGFS, Kaleidofin, Spice Money, PayNearby and Fino Paytech, 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 |
Loans for consumers and SMEs are provided alongside financial services.
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| domain | founded_year | HQ Location |
Provider of financial technology solutions for inclusive lending
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| domain | founded_year | HQ Location |
Digital payment and banking service provider in rural areas
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| domain | founded_year | HQ Location |
Digital payment and banking services are facilitated via retail partnerships.
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| domain | founded_year | HQ Location |
Technology solutions for banking and financial sectors are provided.
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| domain | founded_year | HQ Location |
Tech-enabled financial and e-commerce services are delivered via retail outlets.
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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 Sub-K
Frequently Asked Questions about Sub-K
When was Sub-K founded?
Sub-K was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Sub-K located?
Sub-K is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Sub-K?
Sasidhar Narasimha Thumuluri is the current CEO of Sub-K.
Is Sub-K a funded company?
Sub-K is a funded company, having raised a total of $22.51M across 8 funding rounds to date. The company's 1st funding round was a Series A of $5.36M, raised on Jun 22, 2011.
How many employees does Sub-K have?
As of Apr 05, 2024, the latest employee count at Sub-K is 1,868.
What is the annual revenue of Sub-K?
Annual revenue of Sub-K is $9.45M as on Mar 31, 2023.
What does Sub-K do?
Sub-K was founded in 2010 in Hyderabad, India, as a provider of digital financial services targeting underserved populations. Operations focus on last-mile banking via technology and local entrepreneurship, with partnerships across financial institutions. Services encompass credit, savings, payments, insurance, agent network management, and microfinance solutions to support financial inclusion.
Who are the top competitors of Sub-K?
Sub-K's top competitors include Spice Money, Kaleidofin and Fino Paytech.
What products or services does Sub-K offer?
Sub-K offers Sub-K Pay App, Sub-K SARTHI Services, and Agent Network Management.
Who are Sub-K's investors?
Sub-K has 42 investors. Key investors include Accion, Basix, Michael & Susan Dell Foundation, Maj Invest, and Nordic Microfinance Initiative.
What is Sub-K's valuation?
The valuation of Sub-K is $74.63M as of Oct 2019.
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