About Tarrakki
Tarrakki is a company based in Ahmedabad (India) founded in 2018 by Shaily Shah, Atul Parmar, and Saumya Shah.. Tarrakki has raised $378.17 thousand across 4 funding rounds from investors including Omni Lens, IIMA Ventures and Asit Oberoi. Tarrakki offers products and services including Mutual Funds API, Fixed Deposits API, and White Label Solution. Tarrakki operates in a competitive market with competitors including DriveWealth, Atomic, WealthKernel, Velexa and Eko, among others.
- Headquarter Ahmedabad, India
- Founders Shaily Shah, Atul Parmar, Saumya Shah
- 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 Plutonomic Savtech Private Limited
- Date of Incorporation 28 Mar, 2018
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$27.16 K (USD)-0.14as on Mar 31, 2023
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Net Profit
$-87.42 K (USD)-78.52as on Mar 31, 2023
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EBITDA
$-81.42 K (USD)-80.06as on Mar 31, 2023
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Total Equity Funding
$378.17 K (USD)
in 4 rounds
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Latest Funding Round
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Investors
Omni Lens
& 35 more
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Employee Count
Employee Count
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Products & Services of Tarrakki
Tarrakki offers a comprehensive portfolio of products and services, including Mutual Funds API, Fixed Deposits API, and White Label Solution. 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.
Enables integration for mutual fund investments and transactions.
Facilitates management of fixed deposit products and user journeys.
Offers customizable platforms for launching investment products.
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Software Development Team
2 people
Leadership Team
1 people
Founding Team
1 people
Operations Team
1 people
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Funding Insights of Tarrakki
Tarrakki has successfully raised a total of $378.17K across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(12 Nov 2020)
- Investors Count 36
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - Tarrakki | Valuation | IIMA Ventures |
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| Jun, 2022 | Amount | Seed - Tarrakki | Valuation | Omni Lens , Alexander Zani | |
| Apr, 2021 | Amount | Seed - Tarrakki | Valuation | Asit Oberoi , Kiran Shetty |
| 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 Tarrakki
Tarrakki has secured backing from 36 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Omni Lens, IIMA Ventures and Asit Oberoi. 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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Early-stage tech startups are supported via venture capital and acceleration.
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Founded Year | Domain | Location | |
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Manufactures intraocular lenses, visco elastics, and ophthalmic solutions for eye surgery.
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Founded Year | Domain | Location | |
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tarrakki
| 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 - Tarrakki
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Tarrakki Comparisons
Competitors of Tarrakki
Tarrakki 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 DriveWealth, Atomic, WealthKernel, Velexa and Eko, 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 |
Cloud-based API solutions for embedded investing are provided online.
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| domain | founded_year | HQ Location |
Payroll management services are provided to businesses by Atomic.
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| domain | founded_year | HQ Location |
Wealth management as a service for embedded investments
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| domain | founded_year | HQ Location |
Provides customizable API-based investing technology for financial institutions worldwide.
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| domain | founded_year | HQ Location |
Investment services platform is offered to credit unions and banks.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Tarrakki
Frequently Asked Questions about Tarrakki
When was Tarrakki founded?
Tarrakki was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Tarrakki located?
Tarrakki is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is Tarrakki a funded company?
Tarrakki is a funded company, having raised a total of $378.17K across 4 funding rounds to date. The company's 1st funding round was a Seed of $83.64K, raised on Nov 12, 2020.
What is the annual revenue of Tarrakki?
Annual revenue of Tarrakki is $27.16K as on Mar 31, 2023.
What does Tarrakki do?
Fintech platform that helps banks, fintech consumers with the infrastructure to launch investment products. It enables banks and financial services companies to launch highly scalable wealth management products on their platform through embedded infrastructure in the form of no-code low-code tools, SDKs, and APIs.
Who are the top competitors of Tarrakki?
Tarrakki's top competitors include DriveWealth, Atomic and WealthKernel.
What products or services does Tarrakki offer?
Tarrakki offers Mutual Funds API, Fixed Deposits API, and White Label Solution.
Who are Tarrakki's investors?
Tarrakki has 36 investors. Key investors include Omni Lens, IIMA Ventures, Asit Oberoi, Vijay Keshwani, and Mitra Samirbhai Patel.
What is Tarrakki's valuation?
The valuation of Tarrakki is $2.81M as of Jun 2022.
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