About ZenStatement
Data last updated:
ZenStatement is a company based in Bengaluru (India) founded in 2023 by Sourabh Nolkha and Ankit Narsaria. ZenStatement has raised $1.62 million across 1 funding round from investors including 3one4 Capital, Pierian Services and India Accelerator. ZenStatement offers products and services including Payout Management, Collections Management, and Cashflow Management. ZenStatement operates in a competitive market with competitors including BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan, among others.
- Headquarter Bengaluru, India
- Founders Sourabh Nolkha, Ankit Narsaria
- Stage Minicorn
- SectorsTechnology
- EmailLocked
- PhoneLocked
- WebsiteLocked
- SocialLocked
- Legal Name Getsimplifin Technologies Private Limited
- Date of Incorporation 22 Sep, 2023
- Jurisdiction Bangalore North, Karnataka, India
- Annual RevenueNot available
- Net ProfitNot available
- EBITDANot available
- Total Equity Funding$1.62 M (USD)
in 1 rounds
- Latest Funding Round$1.62 M (USD), Seed
Mar 26, 2024
- Investors3one4 Capital
& 51 more
- Employee CountNot available
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Products & Services of ZenStatement
ZenStatement offers a comprehensive portfolio of products and services, including Payout Management, Collections Management, and Cashflow Management.
Automates tracking and management of business payouts.
Optimizes receivables tracking and automation processes.
Provides real-time insights for cash flow forecasting.
Funding Insights of ZenStatement
ZenStatement has successfully raised a total of $1.62M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.62 million completed in March 2024. 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 ZenStatement
ZenStatement has secured backing from 52 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include 3one4 Capital, Pierian Services and India Accelerator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors like SaaS and Fintech in India. | Locked | Locked | Locked | |
Investments are made in AI native B2B startups founded by Indian origin entrepreneurs. | Locked | Locked | Locked | |
A micro VC fund is operated for Indian School of Business alumni startups, offering early-stage capital and network-driven support. | Locked | Locked | Locked |
Investor details for ZenStatement
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Investments & Acquisitions by ZenStatement
Investment portfolio details for ZenStatement
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Financial Statements - ZenStatement
Detailed financials for ZenStatement
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Zenstatement Comparisons
Peer comparison for ZenStatement
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Competitors of ZenStatement
ZenStatement 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 BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked | AI-based accounting processes are automated for businesses. | |
| Locked | Locked | Locked | Enterprise legal processes are managed via an AI-powered platform. | |
| Locked | Locked | Locked | SMS-based customer authentication and verification services are provided across platforms. | |
| Locked | Locked | Locked | Autonomous finance and payment solutions are provided to businesses. | |
| Locked | Locked | Locked | Asset accounting, tax, and budgeting solutions are offered to businesses. | |
| Locked | Locked | Locked | Cloud-native group accounting platform with automation intelligence is utilized. |
Detailed competitors of ZenStatement
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Latest news on Zenstatement
Complete news archive for ZenStatement
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Frequently Asked Questions about ZenStatement
ZenStatement was founded in 2023 and raised its 1st funding round 1 year after it was founded.
ZenStatement is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sourabh Nolkha is the current CEO of ZenStatement. They have also founded this company.
ZenStatement is a funded company, having raised a total of $1.62M across 1 funding round to date.
ZenStatement was founded in 2023 in Bengaluru, India, as an AI-driven platform in the fintech sector. Cashflow is monitored in real-time for enterprises, with inflows and outflows tracked via automated accounts payable and receivable processes. Integration with banks and enterprise resource planning systems is supported, enabling insights into financial positions. Operations focus on streamlining financial workflows for business users.
ZenStatement offers Payout Management, Collections Management, and Cashflow Management.
ZenStatement has 52 investors. Key investors include 3one4 Capital, Pierian Services, India Accelerator, BoldCap, and Atrium Angels.
The valuation of ZenStatement is $5.24M as of Mar 2024.