About Tassets
Tassets is a Technology company based in Faridabad (India) founded in 2021 by Amit Mahajan, Dhruv Bajaj, and Harender Singh. Blockchain-based platform for asset tokenization. Tassets has raised $2.66 million across 2 funding rounds from investors including Ruptok, India Accelerator and AW Technology. The company has 1 employees. Tassets was last valued at $731.75 thousand in October 2021. Its chief executive, as recorded, is Dhruv Bajaj. Its Indian entity True Assets Development Private Limited reported revenue of ₹14.3 Lakh. Its focus areas include FinTech, Investment Tech, Alternative Investment Platforms and Asset Tokenization Platforms.
Company details
Tassets was founded in 2021 in Faridabad, India, as a blockchain-based platform focused on asset tokenization within the fintech sector. Operations center on enabling Deep Tier vendors to secure low-cost credit, leveraging the creditworthiness of Anchor entities via patented technology. Services facilitate secure tokenization processes, supporting asset management and financial access in the Indian market.
- Headquarters Faridabad, India
- Employees 1
- Founders Amit Mahajan, Dhruv Bajaj, Harender Singh
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website tassets.in
- Social LinkedIn X
- Legal Name True Assets Development Private Limited
- Date of Incorporation 12 Feb, 2021
- Jurisdiction Faridabad, Haryana, India
- Annual Revenue₹14.3 Lakh
FY 2024 · +11% YoY
- Net Loss-₹29.3 Lakh
FY 2024 · -205% margin
- EBITDA-₹33 Lakh
FY 2024 · -231% margin
- Total Equity Funding$2.66M (USD)
in 2 rounds
- Latest Funding Round$2.6M (USD), Angel Round
Apr 2022
- InvestorsRuptok
& 11 more
- Employee Count1
Associated legal entities of Tassets
Tassets operates through True Assets Development 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 |
|---|---|---|---|---|---|---|---|
| True Assets Development Private Limited CIN U72900HR2021PTC092904 | Active | 12 Feb 2021 | Faridabad, Haryana | ₹0.1 Cr | 4 | View details |
Funding Insights of Tassets
Tassets has successfully raised a total of $2.66M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $2.6 million completed in April 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 $2.66M
- Total Rounds 2
- Last Round Angel Round — $2.6M
- First Round $63,720
(Oct 2021)
- Investors Count 12
All 2 funding rounds of Tassets 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 |
|---|---|---|---|---|---|
| Apr 2022 | $2.6M | Angel Round | – | Mona singh | – |
| Oct 2021 | $63,720 | Seed | $731,749 | Harish Menon |
Last known valuation $731,749 (Oct 2021). 12 investors in total: 3 institutional and 9 angel.
Investors in Tassets
Tassets has secured backing from 12 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Ruptok, India Accelerator and AW Technology.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
Doorstep gold loans are offered by the fintech platform. | 2020 | ruptok.com | Delhi, India | |
Provider of fire detection, alarm & testing equipment designing and technical consulting services | 1990 | awtechnology.com | Earl Shilton, United Kingdom | |
MS Mona singh | unknown_a08f5095351b4e3e9 | |||
HM Harish Menon | unknown_91373fa108c743f6a | |||
RP Ravi Prakash Chamria | unknown_9eefb186696447c3b | |||
NG Nidhi Gupta | unknown_fa5b614873754667b | |||
DN Deepak Nagpal | Angel investor and entrepreneur, focused on tech startups in India. | unknown_59be80d17dc74de68 | ||
NA Niranjan Ananthkrishnan Ayyar | unknown_44346a45602a4101b | |||
AB Anil Bajaj | unknown_bb7858693b7845068 |
Investor details for Tassets
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of True Assets Development Private Limited (Tassets)
True Assets Development Private Limited is the primary company behind Tassets. The board of True Assets Development Private Limited currently have 4 directors; the longest-serving is Sakshi Gandhi, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sakshi Gandhi DIN 09065272 | Director | 12 Feb 2021 | 5 yrs 8 mo | True Assets Development Private Limited |
| Harish Chander Gandhi DIN 00015141 | Director | 12 Feb 2021 | 5 yrs 8 mo | True Assets Development Private Limited |
| Dhruv Bajaj DIN 09192428 | Director | 04 Jun 2021 | 5 yrs 5 mo | True Assets Development Private Limited |
| Harender Singh DIN 09242505 | Additional Director | 18 Apr 2023 | 3 yrs 6 mo | True Assets Development Private Limited |
People of Tassets
3 people are tracked at Tassets (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CCO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for Tassets
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Tassets
Figures of True Assets Development Private Limited, the primary company behind Tassets, for FY 2024. Revenue was ₹14.3 Lakh (+11% year on year). Net loss was -₹29.3 Lakh (-205% margin). EBITDA was -₹33 Lakh (-231% margin).
- ₹14.3 LakhRevenue · FY 2024 · +11% YoY
- -₹29.3 LakhNet loss · -205% margin
- -₹33 LakhEBITDA · -231% margin
- ₹59,860Paid-up capital
Balance sheet, profit and loss, cash flow and ratios of True Assets Development Private Limited are on its company page.
Detailed financial statements for Tassets
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Tassets
3 dated milestones of Tassets across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Tassets is founded.
- Funding First funding round of $64K.
- Funding Latest funding round, Angel Round, of $2.6M.
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Tassets (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Frequently Asked Questions about Tassets
Tassets was founded in 2021.
Tassets is headquartered in Faridabad, India. It is registered at Faridabad, Haryana, India.
Dhruv Bajaj is the CEO of Tassets, as recorded in our data. They have also founded this company.
Tassets is a funded company, having raised a total of $2.66M across 2 funding rounds to date. The company's 1st funding round was a Seed of $63.72K, raised on Oct 2021.
Tassets has 1 employees.
The primary company behind Tassets, True Assets Development Private Limited, reported revenue of ₹14.3 Lakh for FY 2024, up 11% year on year.
Tassets was founded in 2021 in Faridabad, India, as a blockchain-based platform focused on asset tokenization within the fintech sector. Operations center on enabling Deep Tier vendors to secure low-cost credit, leveraging the creditworthiness of Anchor entities via patented technology. Services facilitate secure tokenization processes, supporting asset management and financial access in the Indian market.
Tassets has 12 investors. Key investors include Ruptok, India Accelerator, AW Technology, Mona singh, and Harish Menon.
The valuation of Tassets is $731.75K as of Oct 2021.
Tassets operates through True Assets Development Private Limited.
The legal entities of Tassets currently have 4 directors, including Sakshi Gandhi, Harender Singh, Dhruv Bajaj and others.