mPokket Overview
- Year Founded
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2016
- Status
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Private
- Employees
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2,300
- Latest Deal Type
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Debt
- Latest Deal Amount
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$60.3M
- Investors
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3
mPokket General Information
Description
Operator of a digital lending platform intended to simplify the process of borrowing and lending money. The company's platform offers credit, insurance, and career acceleration products to the underserved youth of India, including young working professionals and self-employed individuals, enabling college students to borrow money to meet their temporary cash needs via a few clicks on their mobile.
Contact Information
Website
mpokket.inCorporate Office
- PS Srijan Corporate Park, Unit-1204, Tower-I Plot-G2
- Street Number 25, GP Block, Sector V
- Kolkata, 700091
- India
Corporate Office
- PS Srijan Corporate Park, Unit-1204, Tower-I Plot-G2
- Street Number 25, GP Block, Sector V
- Kolkata, 700091
- India
mPokket Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
6. Debt - General | 05-Mar-2024 | $60.3M | Completed | Profitable | ||
5. Secondary Transaction - Private | Completed | Generating Revenue | ||||
4. Early Stage VC (Series A) | 22-Jan-2020 | Completed | Generating Revenue | |||
3. Early Stage VC | 11-Jul-2018 | Completed | Generating Revenue | |||
2. Accelerator/Incubator | 20-Mar-2018 | $50K | $250K | Completed | Generating Revenue | |
1. Early Stage VC | 19-Aug-2017 | $200K | $200K | Completed | Startup |
mPokket Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Ordinary | ||||||||
CCPS | ||||||||
Ordinary | 14,988 | $0.140204 | $56.82 | $56.82 | 1x | $56.82 | 18.32% | |
Ordinary | 9,521 | $0.140204 | $18.84 | $18.84 | 1x | $18.84 | 11.64% |
mPokket Comparisons
Industry
Financing
Details
mPokket Competitors (4)
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Fibe | Venture Capital-Backed | Pune, India | ||||
KreditBee | Venture Capital-Backed | Bangalore, India | ||||
MoneyView | Venture Capital-Backed | Bangalore, India | ||||
Kissht | Venture Capital-Backed | Mumbai, India |
mPokket Executive Team (6)
Name | Title | Board Seat |
---|---|---|
Gaurav Jalan | Founder, Chief Executive Officer, Managing Director and Board Member | |
Neha Gupta | Chief Manager |
mPokket Board Members (7)
Name | Representing | Role | Since |
---|---|---|---|
Abhishek Agarwal | Self | Board Member | |
Amitabh Mattoo | Self | Board Member | |
Gaurav Jalan | mPokket | Founder, Chief Executive Officer, Managing Director and Board Member | |
Prabha Jain | Self | Board Member |
mPokket Signals
mPokket Investors (3)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
Lotus Capital | PE/Buyout | Minority | ||
Subhkam Ventures | Family Office | Minority | ||
VilCap Investments | Venture Capital | Minority |
mPokket Investments (1)
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
Freyr Energy | 19-Dec-2023 | Alternative Energy Equipment |
mPokket FAQs
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When was mPokket founded?
mPokket was founded in 2016.
-
Who is the founder of mPokket?
Gaurav Jalan and Samarjit Choudhury are the founders of mPokket.
-
Who is the CEO of mPokket?
Gaurav Jalan is the CEO of mPokket.
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Where is mPokket headquartered?
mPokket is headquartered in Kolkata, India.
-
What is the size of mPokket?
mPokket has 2,300 total employees.
-
What industry is mPokket in?
mPokket’s primary industry is Consumer Finance.
-
Is mPokket a private or public company?
mPokket is a Private company.
-
What is mPokket’s current revenue?
The current revenue for mPokket is
. -
How much funding has mPokket raised over time?
mPokket has raised $68.1M.
-
Who are mPokket’s investors?
Lotus Capital, Subhkam Ventures, and VilCap Investments have invested in mPokket.
-
Who are mPokket’s competitors?
Fibe, KreditBee, MoneyView, and Kissht are competitors of mPokket.
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