About TradeCred
TradeCred is a company based in Mumbai (India) founded in 2018 by Hardik Shah.. TradeCred has raised $139.82 thousand across 1 funding round from investors including Neeraj Khubchandani, Hari Mundra and Bidya Kejriwal. TradeCred operates in a competitive market with competitors including KredX, FinAGG, Cashflo, Shengye Capital and BillMart, among others.
- Headquarter Mumbai, India
- Founders Hardik Shah
- 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
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- Legal Name Ikshavaku Software Ventures India Private Limited
- Date of Incorporation 23 May, 2018
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$5.76 M (USD)32.89as on Mar 31, 2023
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Net Profit
$3.27 M (USD)-4.2as on Mar 31, 2023
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EBITDA
$3.58 M (USD)6.92as on Mar 31, 2023
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Total Equity Funding
$139.82 K (USD)
in 1 rounds
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Latest Funding Round
$139.82 K (USD), Angel Round
Feb 19, 2020
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Investors
& 12 more
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Employee Count
Employee Count
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Funding Insights of TradeCred
TradeCred has successfully raised a total of $139.82K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $139.82 thousand completed in February 2020. 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 1
- Last Round Angel Round — $139,821
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First Round
First Round
(19 Feb 2020)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Angel Round - TradeCred | Valuation | Vishal Gupta |
| 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 TradeCred
TradeCred has secured backing from 13 investors, including angel investors. Prominent investors backing the company include Neeraj Khubchandani, Hari Mundra and Bidya Kejriwal. 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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NK
Neeraj Khubchandani |
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Founded Year | Domain | Location |
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HM
Hari Mundra |
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Founded Year | Domain | Location |
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BK
Bidya Kejriwal |
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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 TradeCred
| 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 - TradeCred
| 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 |
Tradecred Comparisons
Competitors of TradeCred
TradeCred 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 KredX, FinAGG, Cashflo, Shengye Capital and BillMart, 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 |
Supply chain finance solutions and automation tools are provided.
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| domain | founded_year | HQ Location |
Invoice-based financing solutions are provided for MSMEs.
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| domain | founded_year | HQ Location |
Provider of accounts payable automation, payment, compliance, and vendor management software
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| domain | founded_year | HQ Location |
Supply chain financing is facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Provider of digital bill discounting and trade finance solutions for MSMEs and corporates
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| domain | founded_year | HQ Location |
Online P2P invoice discounting and financing platform for businesses
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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 Tradecred
Frequently Asked Questions about TradeCred
When was TradeCred founded?
TradeCred was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is TradeCred located?
TradeCred is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of TradeCred?
Hardik Shah is the current CEO of TradeCred. They have also founded this company.
Is TradeCred a funded company?
TradeCred is a funded company, having raised a total of $139.82K across 1 funding round to date. The company's 1st funding round was a Angel Round of $139.82K, raised on Feb 19, 2020.
What is the annual revenue of TradeCred?
Annual revenue of TradeCred is $5.76M as on Mar 31, 2023.
What does TradeCred do?
TradeCred was established in 2018 in Mumbai, India, as a platform in the financial services sector. Invoice financing is offered to businesses to facilitate cash flow management. Operations focus on connecting suppliers and buyers for trade credit solutions. Services are delivered online, targeting small and medium enterprises in the region. The company is led by co-founder and CEO Hardik Shah.
Who are the top competitors of TradeCred?
Who are TradeCred's investors?
TradeCred has 13 investors. Key investors include Neeraj Khubchandani, Hari Mundra, Bidya Kejriwal, Bhailal Maru, and Samir Bangara.
What is TradeCred's valuation?
The valuation of TradeCred is $4.08M as of Feb 2020.
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