About Yenmo
Yenmo is a company based in Bengaluru (India) founded in 2022 by Aryan Agarwal and Ashutosh Purohit.. Yenmo has raised $1.56 million across 2 funding rounds from investors including Y Combinator, Pioneer Fund and ZAKA VC. The company has 1 employees as of April 03, 2024. Yenmo operates in a competitive market with competitors including QuickLend, Abhiloans, 50Fin, Neoble and Amplify Energy Innovations, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 03 Apr, 2024
- Founders Aryan Agarwal, Ashutosh Purohit
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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 Yenmo Technologies Private Limited
- Date of Incorporation 24 Dec, 2022
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-1.61 K (USD)0as on Mar 31, 2023
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EBITDA
$-1.37 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$1.56 M (USD)
in 2 rounds
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Latest Funding Round
$1.06 M (USD), Seed
Mar 07, 2025
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Investors
Y Combinator
& 2 more
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Employee Count
1
as on Apr 03, 2024
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Funding Insights of Yenmo
Yenmo has successfully raised a total of $1.56M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.06 million completed in March 2025. 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 2
- Last Round Seed — $1.1M
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First Round
First Round
(22 Mar 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Seed - Yenmo | Valuation | Y Combinator | |
| Mar, 2024 | Amount | Seed - Yenmo | Valuation | Y Combinator |
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| 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 Yenmo
Yenmo has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Y Combinator, Pioneer Fund and ZAKA VC. 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 startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are made by Pioneer Fund.
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Founded Year | Domain | Location | |
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ZAKA VC is focused on seed and pre-seed investments.
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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 Yenmo
| 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 - Yenmo
| 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 |
Yenmo Comparisons
Competitors of Yenmo
Yenmo 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 QuickLend, Abhiloans, 50Fin, Neoble and Amplify Energy Innovations, 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 |
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| domain | founded_year | HQ Location |
Lending solutions against mutual funds are provided for borrowers.
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| domain | founded_year | HQ Location |
Investment securities-based loans are provided via an online platform.
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| domain | founded_year | HQ Location |
Loans against investment securities like stocks and bonds are provided.
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| domain | founded_year | HQ Location |
Provider of digital lending platform for financial applications
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| domain | founded_year | HQ Location |
Operates a solar energy marketplace connecting customers, financers, and manufacturers.
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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 Yenmo
Frequently Asked Questions about Yenmo
When was Yenmo founded?
Yenmo was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Yenmo located?
Yenmo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Yenmo?
Ashutosh Purohit is the current CEO of Yenmo. They have also founded this company.
Is Yenmo a funded company?
Yenmo is a funded company, having raised a total of $1.56M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Mar 22, 2024.
How many employees does Yenmo have?
As of Apr 03, 2024, the latest employee count at Yenmo is 1.
What does Yenmo do?
Yenmo was founded in 2022 in Bengaluru, India, as a fintech provider in the financial services sector. Loans are offered to investors using mutual funds and stocks as collateral, enabling cash access without asset liquidation. An overdraft facility is available, with interest applied solely to withdrawn amounts. Operations focus on streamlining borrowing for investment holders in the Indian market.
Who are the top competitors of Yenmo?
Who are Yenmo's investors?
Yenmo has 3 investors. Key investors include Y Combinator, Pioneer Fund, and ZAKA VC.
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