About Syntellect
Syntellect is a Financial Services company based in Mumbai (India) founded in 2010 by Isaac S Nadar and Sumedha Salunkhe Naik. Platform offering risk assessment solutions. Syntellect has raised $494 thousand across 2 funding rounds from investors including Reall, Sangram Bhisen and Avinash Kalia. Syntellect was last valued at $3.28 million in August 2022. Its chief executive, as recorded, is Sumedha Salunkhe Naik. Its Indian entity Syntellect India Private Limited reported revenue of ₹81.6 Lakh. Its focus areas include FinTech, Alternative Lending, Enablers and Alternative Credit Score. Its competitors include KarmaLife and Karza; 2 of its 2 listed competitors have raised funding.
Company details
Syntellect was founded in 2010 in Mumbai, India, as a platform focused on financial risk management. Credit risk assessment and customer profiling services are delivered for the micro, small, and medium enterprises (MSME) sector, affordable housing initiatives, and individual clients. Operations center on data-driven solutions to support lending decisions in the Indian market, with tools accessible via the syntellect.co.in domain.
- Headquarters Mumbai, India
- Founders Isaac S Nadar, Sumedha Salunkhe Naik
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website syntellect.co.in
- Social LinkedIn
- Legal Name Syntellect India Private Limited
- Date of Incorporation 01 Apr, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹81.6 Lakh
FY 2024 · +386% YoY
- Net Loss-₹1.21 Cr
FY 2024 · -148% margin
- EBITDA-₹97.6 Lakh
FY 2024 · -120% margin
- Total Equity Funding$494K (USD)
in 2 rounds
- Latest Funding Round$436.09K (USD), Seed
Aug 2022
- InvestorsReall
& 2 more
Associated legal entities of Syntellect
Syntellect operates through Syntellect India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Syntellect India Private Limited CIN U67190MH2010PTC201561 | Active | 01 Apr 2010 | Mumbai, Maharashtra | ₹0.8 Cr | 3 | View details |
Funding Insights of Syntellect
Syntellect has successfully raised a total of $494K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $436.09 thousand completed in August 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 $493,997
- Total Rounds 2
- Last Round Seed — $436,088
- First Round $57,909
(Oct 2020)
- Investors Count 3
All 2 funding rounds of Syntellect 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 |
|---|---|---|---|---|---|
| Aug 2022 | $436,088 | Seed | $3.28M | Reall | – |
| Oct 2020 | $57,909 | Angel Round | $1.54M | Sangram Bhisen |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2022 | $3.28M | •••••••• |
| Oct 2020 | $1.54M | •••••••• |
Last known valuation $3.28M (Aug 2022). 3 investors in total: 1 institutional and 2 angel.
Investors in Syntellect
Syntellect has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Reall, Sangram Bhisen and Avinash Kalia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Reall delivers affordable housing, partners for investments, and promotes sustainable urban development worldwide. | 1989 | reall.net | Coventry, United Kingdom | |
SB Sangram Bhisen | unknown_93fffc72b0884271a | |||
AK Avinash Kalia | Angel investor and entrepreneur, focused on tech startups in India. | unknown_ec506eb3561b42a19 |
Investor details for Syntellect
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- Round participation
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Board of directors of Syntellect India Private Limited (Syntellect)
Syntellect India Private Limited is the primary company behind Syntellect. The board of Syntellect India Private Limited currently have 3 directors; the longest-serving is Sumedha Arjun Naik, appointed in 2010. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumedha Arjun Naik DIN 02955253 | Director | 01 Apr 2010 | 16 yrs 6 mo | Syntellect India Private Limited |
| Sheela Jagadish Salunkhe DIN 08311164 | Director | 28 Nov 2018 | 7 yrs 10 mo | Syntellect India Private Limited |
| Dhaval Rameshchandra Monani DIN 02324465 | Nominee Director | 22 Jul 2024 | 2 yrs 3 mo | Syntellect India Private Limited |
People of Syntellect
2 people are tracked at Syntellect (2 in leadership).
| Name | Role | Group |
|---|---|---|
Isaac S Nadar | Co-Founder & CTO | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Syntellect
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Syntellect
Figures of Syntellect India Private Limited, the primary company behind Syntellect, for FY 2024. Revenue was ₹81.6 Lakh (+386% year on year). Net loss was -₹1.21 Cr (-148% margin). EBITDA was -₹97.6 Lakh (-120% margin). Revenue has grown at a compounded annual rate of -5% over three years and +36% over five years.
- ₹81.6 LakhRevenue · FY 2024 · +386% YoY
- -₹1.21 CrNet loss · -148% margin
- -₹97.6 LakhEBITDA · -120% margin
- ₹77.4 LakhPaid-up capital
- -5%Revenue CAGR, 3 years
- +36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Syntellect India Private Limited are on its company page.
Detailed financial statements for Syntellect
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Syntellect
4 dated milestones of Syntellect across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Syntellect is founded.
- Funding First funding round of $58K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $436K.
Competitors of Syntellect
Syntellect has 2 listed competitors in our database, 2 of them funded. They include KarmaLife and Karza.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| karmalife.ai | 2020 | Bengaluru, India | $9.02M | 117 | Subscription-based payday loans are provided to blue-collar workers digitally. | |
| karza.in | 2015 | Mumbai, India | $1.18M | 1,241 | AI-powered financial data analysis and decision support are provided. |
Detailed competitors of Syntellect
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Related news about Syntellect
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Frequently Asked Questions about Syntellect
Syntellect was founded in 2010 and raised its 1st funding round 10 years after it was founded.
Syntellect is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sumedha Salunkhe Naik is the CEO of Syntellect, as recorded in our data. They have also founded this company.
Syntellect is a funded company, having raised a total of $494K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $57.91K, raised on Oct 2020.
The primary company behind Syntellect, Syntellect India Private Limited, reported revenue of ₹81.6 Lakh for FY 2024, up 386% year on year.
Syntellect was founded in 2010 in Mumbai, India, as a platform focused on financial risk management. Credit risk assessment and customer profiling services are delivered for the micro, small, and medium enterprises (MSME) sector, affordable housing initiatives, and individual clients. Operations center on data-driven solutions to support lending decisions in the Indian market, with tools accessible via the syntellect.co.in domain.
Syntellect has 3 investors. Key investors include Reall, Sangram Bhisen, and Avinash Kalia.
The valuation of Syntellect is $3.28M as of Aug 2022.
Syntellect operates through Syntellect India Private Limited.
The legal entities of Syntellect currently have 3 directors, including Sumedha Arjun Naik, Dhaval Rameshchandra Monani, Sheela Jagadish Salunkhe.