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soonicorn
Online investment and trading platform for multiple assets
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Raise Key Metrics
- Founded Year
- 2021
- Location
- Mumbai, India
- Company Stage
- Series A
- Total Funding
- $25.9M
- Latest Funding Round
- $22.7M, Series A, Nov 26, 2021
- Valuation
- $116M as on Nov 26, 2021
- Annual Revenue
- $441K as on Mar 31, 2022
- Competitor Rank
- 8th out of 76 competitors with a Tracxn Score of 62/100What is this?
- Acquisitions
- Raise has not made any acquisitions yet
- Investments
- Raise has not made any investments yet
Company profile of Raise
What does Raise do?
Online investment and trading platform for multiple assets. It allows users to trade in stock markets. It offers a stock market trading platform, an options trading platform with in-built strategies, a screener, scanners, with API platform, and more.
What sectors and market segments does Raise operate in?
Raise
serves in the
B2C space in the
FinTech, Financial Services market segments.
The primary business models of Raise are:
FinTech > ********* ** **** ** > ******Financial Services > ********* ** **** ** > ******
Which legal entities is Raise associated with?
Raise
is associated with
1
legal entit
y
given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
RAISE FINTECH VENTURES PRIVATE LIMITED | Dec 31, 2020 | $441K (as on Mar 31, 2022) | -$2.88M (as on Mar 31, 2022) | 473 |
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Funding and Investors of Raise
How much funding has Raise raised till date?
Raise has raised a total funding of $25.9M over 3 rounds. It's first funding round was on Feb 04, 2021. It's latest funding round was a Series A round on Nov 26, 2021 for $22.7M. 32 investors participated in it's latest round, lead by Beenext, Mirae Asset Venture Investments.
List of recent funding rounds of Raise
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Nov 26, 2021 | $22.7M | Series A | 8198791 | 6633328 | Beenext, Mirae Asset Venture Investments, and 30 more |
Mar 15, 2021 | $2.92M | Seed | 1284240 | 4469460 | Mirae Asset Venture Investments, Social Leverage, and 32 more |
Feb 04, 2021 | $226K | Angel | 4077603 | 8860835 | Jayprakash Gupta, Ronita Gupta |
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Who are the investors in Raise?
Raise has 19 institutional investors including Mirae Asset Venture Investments, Beenext and Social Leverage. New Horizons Venture Capital is the largest institutional investor in Raise. Jayprakash Gupta and 39 others are Angel Investors in Raise.
View details of
Raise funding rounds and investorsFounders and Board of Directors of Raise
Founder? Claim ProfileWho are the CEO, Founders and Directors of Raise?
- Pravin Jadhav, Co-Founder & CEO, is a founder of 4 companies, an Angel investor in 7 companies and on the board of 1 company. 3 email and 1 phone number.
- Alok Kumar Pandey, Co-Founder, is a founder of 3 companies and on the board of 1 company. 2 email.
- Jay Prakash Gupta, Co-Founder, is a founder of 1 company. 1 email.
- Raunak Nandkishor Rathi, Director, is on the board of 1 company. 1 email.
View details of
Raise's Founder profiles and Board MembersCompetitors of Raise
Competitive landscape of Raise
Raise
has a total of
76 competitors and it
ranks 8 th
among them.
10 of its competitors are funded while 4 have exited.
Overall,
Raise
and its competitors have raised over
$738M
in funding across
39
funding rounds involving
220
investors.
There are 3 private unicorns and 4 public companies in the entire competition set.
Below is a comparison of top competitors of Raise
Raise | Groww | Finvasia | Zerodha | |
|---|---|---|---|---|
Description | Online investment and trading platform for multiple assets | App-based trading and investment platform for multiple markets | Online stock brokerage and trading platform | Provider of equity investments, retail, institutional broking, currencies, and commodities trading p |
Founded Year | 2021 | 2016 | 2009 | 2010 |
Location | Mumbai (India) | Bengaluru (India) | Chandigarh (India) | Bengaluru (India) |
Company Stage | Series A | Series E | Series A | Unfunded |
Unicorn Rating | Soonicorn | Unicorn | - | Unicorn |
Total Funding | $25.9M | $393M | $1.53M | - |
Funding Rounds | 3 | 8 | 2 | - |
Latest Round | Series A, $22.7M, Nov 26, 2021 | Angel, Undisclosed, Jan 08, 2022 | Series A, Undisclosed, Oct 03, 2022 | - |
Investor Count | 59 | 21 | - | - |
Top Investors | Social Leverage, Blume Ventures& 57others | Peak XV Partners, Ribbit Capital& 19others | - | - |
Tracxn ScoreWhat is this? | 62/100 | 80/100 | 72/100 | 71/100 |
Overall Rank | 8th | 1st | 2nd | 3rd |
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Latest Shareholding of Raise
Who are the current shareholders of Raise?
- As of Nov 26, 2021's latest post-round ownership report, Founders hold 31.58% at a net worth of INR 276Cr.
- Funds own the majority of Raise's shares, accounting for 60.04%, while Founder hold 31.58% and Angel hold 8.40%.
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of
Raise's ShareholdingInvestments and acquisitions by Raise
Raise
has made no investments or acquisitions yet.
Reports related to Raise
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Raise Recent News
Filter this list
•
Raise Takes Majority Stake In Staffing Platform ShiftfillersStaffing Industry Analysts•Aug 25, 2023•Shift Fillers,
Raise
•
Moneyfy and Raise Financial Services collaborate to deliver financial productsIBS Intelligence•Oct 19, 2022•Raise
, Moneyfy, Dhan, Tata Capital
•
Fintech platform Raise Financial Services To Invest In Early-Stage StartupsInc42•Jun 16, 2022•Raise
•
FinTech Startup Raise Financial Services Acquires Upskilling Platform ValuationaryEdTechReview•Apr 06, 2022•Raise
, Valuationary
•
Raise Financial Services ropes in Alok Pandey as cofounderIndiatimes•Mar 28, 2022•Raise
•
Raise Financial Services raises $22 million in Series A; allocates $15 million for trading platform DhanMoneycontrol•Jan 25, 2022•Raise
, Beenext, Mirae Asset, 3one4 Capital and 2 others
•
Raise announces 100pc acquisition of Mumbai-based Moneylicious SecuritiesYourStory•Aug 10, 2021•Raise
, Moneylicious
•
Former Paytm Money CEO announces his new venture- Raise FinancialTechStory•Feb 27, 2021•Raise
•
Paytm Money’s Former Chief Pravin Jadhav Unveils His New Fintech Venture, Bags FundingInc42•Feb 25, 2021•Raise
, Mirae Asset Global Investments, Blume, Social Leverage
•
Former Paytm Money CEO Pravin Jadhav raises seed fund for his new fintech ventureEntrackr•Feb 25, 2021•Raise
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Frequently asked questions about Raise
When was Raise founded?
Raise
was founded in
2021
Where is Raise located?
Raise
is located in
Mumbai,
India.
Is Raise a public company?
Raise
is not a Public company. Its current company stage is
Series A
When was the latest funding round of Raise?
Raise
's latest funding round was on
Nov 26, 2021
What is the valuation of Raise?
Raise
's valuation is
$116M
What is the annual revenue of Raise?
Annual revenue of
Raise
is
$441K
as on
Mar 31, 2022
1.8M+
Entities
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Feeds
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Taxonomy Nodes
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