About YbanQ
YbanQ is a company based in Bengaluru (India) founded in 2019 by Ahamed Shah and Ganesh Mallya was acquired by Clear in July 2021. YbanQ has raised $120 thousand across 1 funding round from investors including Y Combinator and Clear. YbanQ operates in a competitive market with competitors including Sage Group, Acumatica, The Access Group, MYOB and InDebted, among others.
- Headquarter Bengaluru, India
- Founders Ahamed Shah, Ganesh Mallya
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
Locked
- Legal Name Procureli India Private Limited
- Date of Incorporation 26 Dec, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$118.09 K (USD)-63.46as on Mar 31, 2022
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Net Profit
-$19.44 K (USD)-181.29as on Mar 31, 2022
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EBITDA
-$18.98 K (USD)-122.53as on Mar 31, 2022
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Total Equity Funding
$120 K (USD)
in 1 rounds
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Latest Funding Round
$120 K (USD), Seed
Mar 18, 2020
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Investors
Y Combinator
& 1 more
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Employee Count
Not available
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Acquired by
Clear
(Jul 07, 2021)
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Funding Insights of YbanQ
YbanQ has successfully raised a total of $120K through 1 strategic funding round. The most recent funding activity was a Seed round of $120 thousand completed in March 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.
Investors in YbanQ
YbanQ has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Y Combinator and Clear.
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Early-stage startups are accelerated via funding and educational programs.
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Investor details for YbanQ
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Investments & Acquisitions by YbanQ
Investment portfolio details for YbanQ
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Financial Statements - YbanQ
Detailed financials for YbanQ
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Ybanq Comparisons
Peer comparison for YbanQ
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Competitors of YbanQ
YbanQ 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 Sage Group, Acumatica, The Access Group, MYOB and InDebted, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based accounting and payroll solutions for small and medium businesses
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Cloud-based ERP software is offered for small and medium enterprises.
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Cloud-based ERP software is offered for multiple industries.
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Cloud-based accounting and ERP software is provided for businesses.
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Cloud-based debt collection solutions are offered to businesses.
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Cashflow management platform is offered to small and medium enterprises.
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Detailed competitors of YbanQ
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Latest news on Ybanq
Complete news archive for YbanQ
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Frequently Asked Questions about YbanQ
YbanQ was founded in 2019 and raised its 1st funding round 1 year after it was founded.
YbanQ is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
YbanQ is a funded company, having raised a total of $120K across 1 funding round to date.
Annual revenue of YbanQ is $118.09K as on Mar 31, 2022.
YbanQ was founded in 2019 and is based in Bengaluru, India. Business management solutions tailored for small and medium-sized businesses are offered, including collections, reconciliation, automated bookkeeping, reminders, third-party plugins, invoices, dues tracking, automated syncing with Tally, and instant settlements. Operations focus on streamlining financial processes for SMBs in the region.
YbanQ's top competitors include The Access Group, Sage Group and Acumatica.
YbanQ has 2 investors. Key investors include Y Combinator, and Clear.