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B2B <keyword id="6395918" type="General" weightage="20" keywordseo="saas" source="Orion">SaaS</keyword> <keyword id="2461546" type="General" weightage="20" keywordseo="fintech" source="Orion">fintech</keyword> company <keyword id="1579449" type="General" weightage="20" keywordseo="perfios" source="Orion">Perfios</keyword> has become India's second <keyword id="152045" type="General" weightage="20" keywordseo="unicorn" source="Orion">unicorn</keyword> of 2024 as it raised $80 million in a new <keyword id="6357455" type="General" weightage="20" keywordseo="funding" source="Orion">funding</keyword> round from Teachers' Venture Growth (TVG), a late-stage venture and growth investment arm of Ontario Teachers' Pension Plan. Perfios now valued at more than $1 billion with the new investment, reports TechCrunch. The company said that it will be using the new capital for international expansion and to explore inorganic growth opportunities. It also plans to go public by next year. "Our business has been seeing steady growth year-on-year, with consistent improvement in the bottom line. I want to extend my heartfelt gratitude to all our partners who have trusted us throughout our journey," Sabyasachi Goswami, CEO of Perfios, was quoted as saying. Bhavish Aggarwal's AI startup Krutrim SI Designs raised $50 million at a $1 billion valuation last month, becoming the first unicorn of this year. Last year, Perfios raised $229 million in its Series D funding from leading private equity investor Kedaara Capital. Founded in 2008, Perfios is serving the banking, financial services and insurance industry in 18 countries, empowering more than 1,000 financial institutions. Perfios delivers 8.2 billion data points to banks and financial institutions every year to facilitate faster decisioning, and processes 1.7 billion transactions a year with an AUM of $36 billion.

Fintech firm Perfios becomes India's second unicorn of this year

<ul><li>The capital raise programme will be through combination of a primary fund raise and a secondary sale.</li><li>Startup to use funds to expand its global footprint beyond 18 countries to US and Europe.</li><li>Existing investors – Warburg Pincus and Bessemer Venture Partners continue to show support. </li></ul> The funding winter may be hurting the startup ecosystem as a whole, but capital is still available to companies that have a solid business model. <keyword id="1579449" type="General" weightage="80" keywordseo="perfios" source="Orion">Perfios</keyword>, a <keyword id="10600982" type="General" weightage="40" keywordseo="b2b-saas" source="Orion">B2B SaaS</keyword> fintech company, said on Monday that it is raising $229 million from <keyword id="6460966" type="General" weightage="60" keywordseo="kedaara-capital" source="Orion">Kedaara Capital</keyword>, as part of its Series-D funding round. The capital raise programme will be through the combination of a primary fund raise and a secondary sale. This marks one of the largest investments in an Indian B2B SaaS company this year. Commenting on the development, Sabyasachi Goswami, CEO, Perfios, said, “Since our inception in 2008, Perfios has consistently led the way as a category-creating leader in the SaaS space. This investment will help us in strengthening the digital transformation journey of our partners, thereby, powering financial inclusion and providing access to financial services to billions across the globe. We are very happy to have Kedaara Capital as a new investor, and thankful to Bessemer Venture Partners and Warburg Pincus for their continued support and confidence in us.” Perfios was founded in 2008 as a global B2B SaaS company serving the banking, financial services and insurance industry in 18 countries. Through its software platforms and products, Perfios helps financial institutions to take big leaps by shaping their origination, onboarding, decisioning, underwriting and monitoring processes at scale and speed. With a current footprint in 18 geographies, Perfios plans to expand business in other global markets and build sophisticated and new-age technologies that will enhance the customer experience and reduce complexities. Perfios is currently present in the Middle East and Southeast Asia apart from India. It plans to use the funds to further expand its global footprint in North America and Europe. The company also plans to invest in new-age technologies to enhance its comprehensive stack of decision analytics SaaS products to solve the entire end-to-end customer journey across banking, insurance, and embedded commerce. On signing the definitive agreement with Perfios, Nishant Sharma, Founder and Managing Partner, Kedaara Capital, said: “Perfios has created truly the best-in-class fintech SaaS business that plays on the strong secular growth and increasing digitization levels in the financial services sector in India and globally. Their pioneering approach has led to a strong positive flywheel effect that will help the company maintain its market leading position, and we are excited to partner with them.” With Bessemer Venture Partners joining in 2017 during the Series A round and Warburg Pincus in 2019’s Series B, Perfios has garnered significant backing from investors over the years. On the new round of investment, Vishal Mahadevia, Managing Director and India Head, Warburg Pincus, said: ”Having been a part of Perfios’s journey from its early stages and their commitment to revolutionizing the financial services sector has been unwavering, and this new round of funding further solidifies our belief in their vision.”

SaaS fintech firm Perfios raises $229 mn from Kedaara Capital

<ul><li>Two startups – <keyword id="12437554" type="General" weightage="20" keywordseo="zepto" source="Orion">Zepto</keyword> and <keyword id="18141109" type="General" weightage="20" keywordseo="zyber-365" source="Orion">Zyber 365</keyword> – turned unicorns during the quarter.</li><li><keyword id="2924060" type="General" weightage="20" keywordseo="startup-funding" source="Orion">Startup funding</keyword> declined QoQ, but showed an impressive MoM growth in September.</li><li>Fintechs raised as much as $436 million, marking a 68% QoQ growth. </li></ul>Indian startup funding hit a five-year low in the third quarter of the calendar year, says a report by <keyword id="2779670" type="General" weightage="80" keywordseo="tracxn" source="Orion">Tracxn</keyword>. Startups raised $1.5 billion in Q3 – shrunk by almost a third on a when compared to the previous quarter, and halved year-on-year. Early-stage and seed-stage funding plummeted by 74% and 75% respectively, on a YoY basis. Late-stage rounds, in comparison, witnessed a 33% reduction. “Despite the decline in funding, India remains among the top-performing tech ecosystems globally. A promising sign in the report is the month-on-month funding growth, with an impressive 91% increase from $376 million in August 2023 to $720 million in September 2023,” said Abhishek Goyal, co-founder of Tracxn. Fintechs received $436 million in funding, marking a 68% QoQ growth – making it the best performing sub-sector. “The investment growth in fintech is propelled due to the rapid growth seen in the adoption of UPI both in the domestic market and international markets like Bhutan, France, UAE, Saudi Arabia, Bahrain, and Singapore,” Tracxn said. Enterprise applications funding rose by 51%, while transportation and logistics tech raised $375 million, showing a drop of 72%. Only 2 unicorns added to the list <keyword id="1579449" type="General" weightage="20" keywordseo="Perfios" source="Orion">Perfios</keyword>, Zepto, Ola Electric, Ather Energy, and Zyber 365 raised over $100 million each. Of these, Zepto and Zyber 365 turned unicorns. They are also the only two unicorns added in the quarter. Perfios, which provides data analysis tools, raised $229 million in a Series D round. There were 33 acquisitions during the quarter – which was a 13% decrease from Q3 2022. Some of the notable acquisitions included Route Mobile's acquisition by Proximus Group for $718 million and Marico’s acquisition of Plix for $45.1 million. Drone Destination, Aha Solar, IdeaForge, and Veefin went public during the quarter, showcasing the growing maturity of the Indian tech ecosystem, says Tracxn. “India ranks as the fifth highest funded country in Q3 2023 and maintains its fourth-place position in terms of total funding for the year to date (YTD). It underscores the resilience of India's tech startups and their ability to adapt to changing market conditions,” said Neha Singh, co-founder, Tracxn. Accel, Blume, and Peak XV Partners were the top investors of the quarter. IPV, 100X.VC and Titan Capital led the seed investments, while Elevation, Tiger Global Management, and Accel were prominent in early-stage investments. Glade Brook Capital took the lead in the late-stage category.

Startup funding hits a 5-year low in July-September quarter

<ul><li>This latest round brings <keyword id="20120563" type="General" weightage="20" keywordseo="pocket-fm" source="keywords">Pocket FM</keyword>’s total funding to date to $196.5 million.</li><li>The new funding will aid its plans to expand into <keyword id="19897269" type="General" weightage="20" keywordseo="europe" source="keywords">Europe</keyword> and <keyword id="20923367" type="General" weightage="20" keywordseo="latam" source="keywords">LatAm</keyword> markets in 2024.</li><li>Pocket FM, founded in 2018, has a repository of over 100,000 hours of content. </li></ul>Audio entertainment platform Pocket FM announced on Wednesday that it has raised $103 million in Series D funding — making it one of the chunkiest fundraises of the year yet. The new funding will strengthen Pocket FM's push into the US market and also support global expansion as the company plans to expand into Europe and LatAm markets in 2024. This latest round brings Pocket FM’s total funding to date to $196.5 million, the company said in a release. The latest round was led by Lightspeed with participation from <keyword id="21028203" type="General" weightage="20" keywordseo="stepstone-group" source="keywords">Stepstone Group</keyword>. Pocket FM, founded in 2018, has been hailed as the ‘Netflix for Audio’. It has built a repository of exclusive audio series. It has over 100,000 hours of content, including over 2,000 exclusive audio series and more than 400,000 episodes across genres and languages. “What sets Pocket FM apart is its vision to set up a sustainable and profitable business, backed by its unique pricing strategy. It emerges as a great reference for the entertainment landscape, with its capability to demonstrate strong unit economics. They are not just building a new category but democratizing the entertainment landscape with a tech-driven approach,” said <keyword id="21028204" type="General" weightage="20" keywordseo="harsha-kumar" source="keywords">Harsha Kumar</keyword>, Partner at Lightspeed. The company said that it has surpassed $150 million in annual recurring revenue (ARR), and is growing at 57% quarter on quarter (QoQ). It has clocked over 20 million transactions in 2023. Pocket FM has put up an AI-led strategy for automation, content curation, production, and distribution. The company plans to leverage generative AI to scale its entertainment content offerings and build AI-powered personalized recommendations that enhance the overall user experience. “We identified an unexplored space in the entertainment industry driven by an increasing demand for audio fiction and crafted a playbook to address this opportunity across every key market," said <keyword id="20120566" type="General" weightage="20" keywordseo="rohan-nayak" source="keywords">Rohan Nayak</keyword>, CEO and co-founder of Pocket FM. The company announced its US entry in Q4 of 2022 and its revenue has surpassed $100 million ARR in the US market. The platform has approximately 10 million registered users in the US. "Our robust content library of audio series and a strong consumption behaviour on the platform is shaping the future of entertainment. Our focus remains on tapping into unique and exclusive stories to solidify our leadership in this emerging category and create a strong IP playbook. This latest funding validates our vision and the possibilities we bring to disrupt the industry,” said Nayak. It’s raining VC deals Apart from Pocket FM’s over $100 million fundraising deal, fintech Perfios raised $80 million to turn into a unicorn recently. VCs have been writing large-sized cheques this March. On Wednesday, yet another startup – homegrown wearables startup Ultrahuman said that it raised $35 million in a series B funding round. Lithium-ion battery pack maker Lohum also raised $50 million, while personal care brands The Ayurveda and Cureskin raised $27 million and $20 million, respectively. Social media discovery app Hunch too raised as much as $23 million. Apart from Perfios, yet another company, Krutrim AI also turned into a unicorn earlier this year. Sector experts believe that the funding winter <a href="https://www.businessinsider.in/business/startups/news/a-thaw-in-startup-funding-winter-as-two-unicorns-emerge-within-a-quarter/articleshow/108585420.cms">that was set in 2022 is thawing</a>.

In one of the largest deals of 2024, Pocket FM raises $103 mn to strengthen its global push

<ul><li>Perfios and Krutrim AI turned unicorns, while Lohum, The Ayurveda, Cureskin and <keyword id="19919709" type="General" weightage="20" keywordseo="hunch" source="keywords">Hunch</keyword> raised chunky investments.</li><li>Many PE and VC funds made a killing in the public markets in 2023, which has fuelled optimism in the private markets, say experts.</li><li>Investors are warming up, say experts who are cautiously optimistic that funding winter which was set in 2022 might thaw this year. </li></ul>The year 2024 has been good for many startups, as deal activity is growing at a faster clip. While the funding winter that set in mid-2022 is far from over, there seems to be a thaw, opine experts. Not only did two companies — Krutrim AI and Perfios — turn unicorns, but many more late-stage deals are being closed at impressive valuations. In the last few weeks, VC investors have been writing checks at a feverish pace. Fintech Perfios raised $80 million and Bhavish Agarwal-backed Krutrim AI raised $50 million — each of these funding rounds valuing them at $1 billion. In all of 2023, only two startups — Zepto and InCred Finance — had turned unicorns. Apart from unicorn activity, there have been other large deals too. Lithium-ion battery pack maker Lohum raised $50 million, while personal care brands The Ayurveda and Cureskin raised $27 million and $20 million, respectively. Social media discovery app Hunch too raised as much as $23 million. Signals of revival The emerging trends could be the beginning of the end of a funding winter, say experts. Pratip <keyword id="20425093" type="General" weightage="20" keywordseo="mazumdar" source="keywords">Mazumdar</keyword>, partner at Inflexor Ventures says that the noticeable uptick seen in March strongly suggests a warming trend in the investment climate. “This observation indicates a possible conclusion to the previously experienced funding winter. The increased deal flow within our purview further corroborates this optimism, signalling a revitalizing market ready for robust investment and growth opportunities,” he adds. Yet, the Indian startup ecosystem has a long way to go. After spectacular startup inflows of $41.6 billion in 2021, the Indian startup ecosystem made a distinct mark in the global economy. However, funds have been sharply dwindling in the last year and a half. The inflows fell to around $25 billion in 2022 and further dipped to a six-year low of $7 billion in 2023 — one-sixth of 2021 figures — as per a Tracxn report. “These are green shoots for India's large and rapidly growing market. However, more sustained venture capital activity and successful exits over a longer period will be needed for a more definitive end to funding winter. And, the recent developments are encouraging, likely a cautious optimism — a start to a full-fledged thaw,” opines <keyword id="20999102" type="General" weightage="20" keywordseo="rajeev-ranka" source="keywords">Rajeev Ranka</keyword>, Partner at Incubate Fund Asia. The exit door opens wide The year 2023 saw the Indian stock market’s bull run, which enthused the primary markets as well. This optimism has flowed into the private markets, explains <keyword id="20999103" type="General" weightage="20" keywordseo="anirudh-a-damani" source="keywords">Anirudh A Damani</keyword>, managing partner at Artha Venture Fund. “There has been a buoyancy in the India story. For one, SME IPOs have picked up, and there has been a lot of upstream fishing which has triggered the pre-IPO rounds — which has spilled over to Series A,” <keyword id="20043640" type="General" weightage="20" keywordseo="damani" source="keywords">Damani</keyword> tells Business Insider India. A lot of high-profile VCs like Softbank, <keyword id="19971306" type="General" weightage="20" keywordseo="tiger-global" source="keywords">Tiger Global</keyword>, Bain and TPG exited many companies<a href="https://www.businessinsider.in/business/startups/news/private-equity-vc-players-make-a-killing-as-ipo-rush-yields-them-10000-crore/articleshow/105649221.cms"> via primary deals</a> (IPOs) as well as <a href="https://www.businessinsider.in/business/startups/news/pe-and-vc-investors-make-a-killing-in-the-2023-bull-market/articleshow/104034840.cms">secondary market (bulk and block deals)</a> in 2023. That’s made the India startup story stronger. “These exit events not only underscored the viability and potential for significant returns in venture investments but also contributed to the stabilization of valuations within the market. This has, in turn, created a more predictable and reliable landscape for investors, fostering an environment where confidence can flourish,” says Mazumdar. Cleanups, not cash burns The funding winter has also been a wake-up call for many companies as well as their investors – especially those commanding premium valuations. Many listed as well as unlisted companies pivoted to profits, reduced cash burn, and re-calibrated growth strategies. Many of them even tightened belts by reducing staff and other costs, and also agreed to participate in downrounds. Downrounds are those where a startup raises funds at a lower valuation than it did in an earlier round. Those startups that managed to survive with little or no fundraising also passed the acid test — and that’s attracting more investors into the game. “Founders who understand the drop in valuations are raising money. Those startups with profitability focus, scalability and are also generating good customer revenues with good reporting practices are in demand,” says Damani. In the funding boom period, many companies which were getting easy money were burning cash at a rate much faster than revenue growth. As funds became scarce, these practices went away and many of them shifted to positive unit economics. According to Ranka, these are signs of a more mature ecosystem. “Overcoming the funding winters, many startups pivoted from growth-at-all-costs to profit-oriented growth, and it helped keep the investors' trust. The period of valuation-correction has led to more realistic valuations, ushering the ecosystem to an investor-focused approach to growth,” he adds. Cautious optimism reigns the ecosystem Many funds had raised a large amount of capital during the pandemic, and after funding winter a lot of them have been sitting on massive amounts as well — referred to as dry powder across the industry. Yet, funds looking to raise more capital might be hit by a slower translation of interest rate cuts across the globe, a few economies slipping into recession and prevailing high inflation across economies. All in all, global funds wouldn’t flow as freely as they did during the pandemic. “Limited partners (LPs) are understandably cautious in the current economic climate. While the potential for global rate cuts is a factor, it's not the sole driver of their sentiment. LPs indicate a focus on understanding the underlying fundamentals of businesses seeking investment. LPs are primarily looking for sustainable growth potential and a focus on long-term value creation,” says Ranka. Here too, there is caution that’s seeping into optimism. “LPs are bullish on India as a market as it’s a rare market exhibiting growth and well poised for delivering good performance as an economy. However they are cautious in picking funds and looking for evidence in terms of past track record,” adds Mazumdar. Even as the system improves, the odds of startup funding getting back to its former glory this year remain very limited. Even if achieved, it could be a long and rocky path. But the signs of revival are here, and the sector only hopes that the reforms of the winter continue to boost the entire ecosystem towards greater heights in the coming quarters.

A 'thaw in startup funding winter' as two unicorns emerge within a quarter

<keyword id="6412154" type="General" weightage="20" keywordseo="funding-winter" source="Orion">Funding winter</keyword> — a term referring to the reduced capital inflows to startups — has affected the entire ecosystem across the globe since mid-2022. Amid growing geopolitical uncertainties and failure of several storied startups, <keyword id="19913964" type="General" weightage="20" keywordseo="funding" source="keywords">funding</keyword> startups seemed to be a risky endeavour for many angel investors venture capitalists. But now, as the data for initial months of 2024 starts to pour in, the winter seems to be waning, at least in the Indian start-up ecosystem. <keyword id="19913963" type="General" weightage="100" keywordseo="Indian-startups" source="keywords">Indian startups</keyword> have raised $3.1 billion in venture capital (VC) funding during the first four months of 2024, according to GlobalData. The country has seen year-on-year (YoY) improvement in both the volume and value of <keyword id="1129629" type="General" weightage="20" keywordseo="VC-deals" source="Orion">VC deals</keyword> for this period. From January to April 2024, a total of 375 VC funding deals were announced, with their disclosed value amounting to $3.1 billion. This marks a YoY growth of 1.1% in the number of deals and 13.8% in their value. Analysis of GlobalData’s Deals Database shows that for the same period in 2023, <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> witnessed the announcement of 371 VC deals, valued at $2.8 billion. The first quarter of the year itself witnessed two companies — <keyword id="20452451" type="General" weightage="20" keywordseo="krutrim-ai" source="keywords">Krutrim AI</keyword> and Perfios — turn unicorns, and several other late-stage deals were closed at impressive valuations. In all of 2023, only two startups — Zepto and <keyword id="19944450" type="General" weightage="20" keywordseo="incred-finance" source="keywords">InCred Finance</keyword> — had turned unicorns. "It is noteworthy that India, apart from being a key Asia-Pacific country standing just next to China in VC funding activity, is also among the top five markets globally, both in terms of VC funding deals volume and value," says Aurojyoti Bose, Lead Analyst at GlobalData, highlighting India's significant standing in VC funding activity. Some of the notable VC funding deals announced in India during this period included $300 million raised by Meesho, $216 million by PharmEasy, $103 million by Pocket FM, and $100 million by Shadowfax. <cmsannotation type="cmsannotation" annotationid="Waning winter may not mean a blockbuster return yet" comment="subhead" text="Waning winter may not mean a blockbuster return yet">Waning winter may not mean a blockbuster return yet</cmsannotation> <div type="image" title="GlobalData Financial Deal Database" msid="110552882" hostid="261" sizebytes="45578" caption="&amp;lt;p&amp;gt;India VC funding landscape during the first four months of 2024&amp;lt;span class=&amp;quot;redactor-invisible-space&amp;quot; style=&amp;quot;&amp;quot;&amp;gt;&amp;lt;/span&amp;gt;&amp;lt;/p&amp;gt;"></div> During the pandemic, many Indian funds amassed significant capital that remained unutilised, creating a substantial amount of "dry powder" or unallocated capital. This, along with renewed enthusiasm about India's growth story, could be the catalysis behind soaring VC funding. Praising India as a notable exception, Bose said that, “When several of its peer countries were witnessing a fall in either VC deals volume or value, and some countries were also experiencing a decline in both, India emerged as a notable exception to register improvement in terms of volume as well as value.” However, raising additional capital now faces challenges due to slower implementation of interest rate cuts globally. Moreover, continued funding winter in the West and persistent high inflation in some economies have even stoked fears of a recession. Despite a good start this year, the Indian startup ecosystem still has significant progress to make. After record startup inflows of $41.6 billion in 2021, funding sharply declined in 2022 and 2023. According to a Tracxn report, inflows dropped to approximately $25 billion in 2022 and further plummeted to a six-year low of $7 billion in 2023, which is just one-sixth of the 2021 figures. This year, India's share of the global VC funding deals has risen to 6.9% during January to April 2024, while it accounted for 4.1% of the global deal value. However, industry experts point that global funds are not flowing as freely as they did during the pandemic. Although the financial system is showing signs of improvement, the chances of startup funding returning to its previous levels this year are slim. <cmsannotation type="cmsannotation" annotationid="Funding winter continues in the West" comment="subhead" text="Funding winter continues in the West">Funding winter continues in the West</cmsannotation> In comparison, startups in most of the Western countries have continued to struggle in terms of VC funding. The UK saw the announcement of 389 VC funding deals worth $3.6 billion during January-April 2024, which is a YoY decline of 21.4% in deal volume and 32.8% in deal value. The US — a leader in the global startup ecosystem — also witnessed only 1,527 VC funding deals valued at $34.2 billion in the first four months of 2024, compared to 2,922 VC deals of $47.9 billion value during January-April 2023. This marks a YoY decline of 47.7% in the number of deals and a 28.7% decrease in their value. “Market volatility seems to have impacted the investors’ confidence in VC funding deal making activity in the US. However, despite the decline, the US continued to lead the global VC funding landscape in terms of deals volume as well as value,” remarked Bose. GlobalData also cautioned that historical data is subject to change if more deals are disclosed later due to delays in making information public.

Indian startups raise $3.1 Billion in VC funding in four months even as funding winter continues in the West

<ul><li>With 307 <keyword id="21237182" type="General" weightage="20" keywordseo="PE-deals" source="keywords">PE deals</keyword> totalling $8.1 billion – it’s their best quarter since April-June of 2023.</li><li>This quarter marks a significant shift in <keyword id="21088407" type="General" weightage="20" keywordseo="investment-trends" source="keywords">investment trends</keyword> in the PE landscape, says Grant Thornton.</li><li>While the number of <keyword id="20382290" type="General" weightage="20" keywordseo="MA-deals" source="keywords">M&amp;A deals</keyword> dropped 16%, their values rose by 38% due to the mega <keyword id="20330976" type="General" weightage="20" keywordseo="Reliance-Disney-merger" source="keywords">Reliance-Disney merger</keyword>. </li></ul>The <keyword id="21237181" type="General" weightage="20" keywordseo="private-equity-deals" source="keywords">private equity deals</keyword> in India have picked up pace in the January-March 2024. With 307 deals totalling $8.1 billion – it’s their best quarter since April-June of 2023, says a report by Grant Thornton. In terms of deal volumes, Jan-March is seeing its best quarter in 18 months. This marks a significant shift in investment trends in the PE landscape, Grant Thornton’s Q1 Deal Tracker. “Private Equity funds stood at a crossroads at the end of 2023: to wait for clearer market signals or to deploy the substantial dry powder accumulated from a year rich in exits. The data from Q1 2024 indicates a decisive tilt towards the latter, as evidenced by a noticeable uptick in PE deals, underscoring renewed commitment to nurturing growth across pivotal sectors,” says <keyword id="21237183" type="General" weightage="20" keywordseo="Vishal-Agarwal" source="keywords">Vishal Agarwal</keyword> Partner and Private Equity Group &amp; Deals Tax Advisory Leader Since Q4 of 2024, PE deals have seen a 10% increase in volumes and a 51% increase in values. The country also minted two unicorns, <keyword id="20450792" type="General" weightage="20" keywordseo="Krutrim-SI-Designs" source="keywords" meta.keywordsubtype="org" meta.entityname="Krutrim SI Designs" meta.hostid="261" meta.entityid="Krutrim SI Designs">Krutrim SI Designs</keyword> and Perfios, in the first quarter of the year. “Following a period primarily focused on exits through IPOs and block deals, Q1 witnessed a robust pivot in strategy, with keen interest across sectors such as consumer goods, financial services (particularly insurance and technology), telecom, and infrastructure,” says the report. The big deals are back too as the quarter saw two billion dollar deals and eight deals over or at $100 million. The top deal of the quarter was Data Investment Trust’s investment of $2.5 billion in ATC India Tower Corporation. “The uptick in PE activity, highlighted by the emergence of two unicorns and high-value deals across traditional sectors, provides hope for continued growth and investment opportunities. With upcoming events such as the elections, coupled with a strong pipeline of deals and increased attention from private capital, the outlook for 2024 remains optimistic," said Shanthi Vijetha, partner growth at Grant Thornton Bharat. Disney boost to M&amp;A deals While the number of M&amp;A deals dropped 16% from 143 to 120, values rose by 38% to $12.3 billion —- all thanks to the Reliance-Disney merger. It also pushed up outbound deals which saw a 9x surge. The market showcased resilience amid changing dynamics. Notably, while domestic M&amp;A volumes experienced a decline over the past year, cross-border activity surged to its second-highest quarterly level in five years. In Q1 of 2024, as many as 24 initial public offers amounted to $2 billion — the second-highest quarterly count in recent times. These IPOs were spread across 11 sectors, with manufacturing and pharmaceuticals emerging as the frontrunners, collectively capturing one-third of the issues. Companies also raised a similar amount — $2 billion — spread over 18 issuances. Despite a slight decrease in both the volumes and the amount raised, it’s the second-highest quarter in terms of deal volumes since 2018. “This highlights a resilient market environment, reflective of diverse investor interest across sectors and continued opportunities for capital raising,” the report says. Overall, the quarter saw 469 deals amounting to $24.5 billion, marking the highest level of activity since Q2 of 2022.

PE deals activity at a 15-month high in India, marking a shift trend: Grant Thornton

The Indian technology sector saw 87 deals valued at $1.4 billion in the third quarter this year, a 40 per cent surge in values over the previous quarter, a report showed on Thursday. The deal volumes, however, fell by 13 per cent in the July-September period. The rise of <keyword id="15777223" type="General" weightage="20" keywordseo="generative-ai" source="Orion">generative AI</keyword> is reshaping the industry, with prominent tech players actively embracing and leveraging this technology to enhance efficiency across various sectors, said the report by Grant Thornton Bharat. "With a substantial 88 per cent decrease in deal values compared to the previous year, the tech industry must consider re-evaluating investment strategies. Emphasising innovation in areas like spacetech, <keyword id="6395918" type="General" weightage="20" keywordseo="saas" source="Orion">SaaS</keyword>, AI, and cloud, investors can navigate the evolving landscape," said Raja Lahiri, Partner and Technology Sector Leader, Grant Thornton Bharat. In the mergers and acquisitions sector, the third quarter saw 20 deals valued at $882 million, reflecting a 9 per cent decline in volumes compared to the previous quarter but a substantial 573 per cent increase in deal values. <keyword id="103425" type="General" weightage="20" keywordseo="mapmyindia" source="Orion">MapMyIndia</keyword> invested $1.1 million in Mappls KOGO, an AI-driven travel advisor. Agritech start-up Leads Connect secured $60.2 million from BL Agro Industries. The Proximus Group's acquisition of a majority stake in <keyword id="3519758" type="General" weightage="20" keywordseo="route-mobile" source="Orion">Route Mobile</keyword> for $721 million marked the biggest deal in the SaaS market, said the report. In the private equity (PE) landscape, there was a marginal decline in technology deals, with 67 transactions totaling $564 million, reflecting a 14 per cent decrease in volumes and a 37 per cent decline in deal values compared to Q2 2023. Nazara Technologies secured funding from SBI mutual fund schemes for $62.2 million in the technology startup segment. Perfios received a substantial $229 million investment from Kedaara Capital, marking one of the largest B2B SaaS deals of the year. There were three IPOs in the IT sector collectively valued at $253 million in the period.

Indian tech sector sees 40% surge in deal values in Q3

<ul><li>The fintech space saw five funding rounds surpassing the $100 million mark.</li><li>The sector saw 31 acquisitions, and two initial public offers in 2023.</li><li>Alternative lending, payments, BankingTech raised the most funds in a tough year. </li></ul>As the funding winter rages on, India’s fintech sector saw fund inflows decline by 63% in 2023. The sector raised a mere $2 billion for the year – lower than $5.4 billion raised in 2022 and $8.4 billion in 2023, says a report by Tracxn. In spite of the fall, India ranked third globally in 2023 in terms of <keyword id="12790780" type="General" weightage="20" keywordseo="fintech-startup-funding" source="Orion">fintech startup funding</keyword>. Globally, funds have become tight for startups due to rising interest rates, as well as tough and uncertain macroeconomic conditions. “Despite a 63% decline, the sector stands strong as the third-highest funded ecosystem globally, affirming its position as a hub of innovation. The implementation of regulatory measures and the government's commitment to digitalization have set the stage for a promising future,” said Neha Singh, co-founder at Tracxn. Only one unicorn this year The year witnessed five funding rounds surpassing the $100 million mark. Perfios, a real-time credit decision platform, raised $229 million in a Series D round led by Kedaara Capital. Mintifi, an online marketplace for business loans, secured $110 million in a Series D funding round led by Premji Invest. The sector also saw only one unicorn – <keyword id="4331504" type="General" weightage="20" keywordseo="incred" source="Orion">InCred</keyword> that was created in the year. But the sector also saw consolidation. There were 31 acquisitions, similar to the previous year. TrillionLoans was acquired by BharatPe for $36 million, Goals101 acquired by M2P for $30 million; and Upwards acquired by LendingKart for $12.1 million. Two companies, Zaggle and Veefin, announced initial public offers in 2023, compared to five companies that went public the year before. Slowdown in funding was seen across stages of deals. While late-stage rounds witnessed a 56% drop, early-stage rounds fell much sharply at 73%. Seed-stage rounds were also not immune to this downward trajectory, seeing a 69% drop. Fintech’s funding worries <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stage of funding </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Funds raised in 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Funds raised in 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Late-stage </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1.4 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$3.2 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-56% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Early-stage </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$489 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1.8 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-73% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seed </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$145 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$474 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-69% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$5.4 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-63% </td></tr></tbody></table>Source: Tracxn Alternative lending, BankingTech shine Even as funding was scarce, sectors within fintech like alternative lending, payments, and bankingtech saw a good run. Alternative Lending received funding of $835 million in 2023, down from $2.28bn in 2022. The BNPL (buy now pay later) segment saw significant growth due to its adoption within the country, which contributed to the growth of the sector. “The digital lending space, which increasingly relies on customer data for its product marketing and development, is also likely to grow owing to the government’s recently launched Digital Personal Data Protection Act, which will ensure more transparency and customer trust in the sector,” the report added. Banking Tech received funding of $331 million in 2023, which halved compared to last year. But the segment substantially benefited from digitalization, and digital banking has seen widespread adoption due to rising internet and mobile device penetration in cities as well as rural areas. “Additionally, the Indian government has recently allocated about $16.7 billion towards the BharatNet project to increase broadband connectivity within rural areas, which will help widen the reach and potentially attract more investments into the sector,” the report said. Peak XV Partners, Y Combinator, and LetsVenture were the top investors in the space. We Founder Circle, Y Combinator, and 100X.VC led seed investments; while Accel, Omidyar Network India, and Elevation were prominent investors in early-stage investments. OP Finnfund Global Impact Fund was the leading late-stage investor in 2023. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/late-stage-deals-are-back-but-funding-winter-is-far-from-over-say-vcs/articleshow/105389287.cms">Late-stage deals are back but funding winter is far from over say VCs</a> <a href="https://www.businessinsider.in/business/startups/news/a-billion-little-pieces-unicorns-lose-bragging-rights-as-funding-winter-deepens/articleshow/104356885.cms">A billion little pieces: Unicorns lose bragging rights as funding winter deepens</a>

India’s fintech funding shrinks over 60% to $2 billion

<ul><li>Cloud-based companies operating in the Indian market are pursuing a multi-product approach. </li><li>Previously, Indian start-up founders had to move to the United States to sell their products, but the pandemic has enabled Indian companies to sell remotely to both domestic and foreign customers. </li><li>Of the 2,364 startups funded in <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> in 2022, 469 were cloud and Software-as-a-Service (<keyword id="6395918" type="General" weightage="20" keywordseo="SAAS" source="Orion">SaaS</keyword>) companies.</li></ul>As much as 4.7% of all the VC dollars that went into cloud-based companies in 2022 — flowed into India. Also, 2,364 startups were funded in India during the year, and 469 of them were in the cloud and Software-as-a-Service (SaaS) companies, said a report by <keyword id="290936" type="General" weightage="80" keywordseo="bessemer-venture-partners" source="Orion">Bessemer Venture Partners</keyword> (BVP). “Cloud spending in India grew nearly 22% last year, putting it nearly in line with the entire continent of Europe. Importantly, India’s growth in public cloud services spending vastly outpaces its overall growth in IT spending (2%), more so than for other geographic regions,” the report said. India currently has eleven Cloud and SaaS companies that are considered centaurs (a business that reaches $100 million of annual recurring revenue), which includes three companies that achieved centaur status last year. <cmsannotation type="cmsannotation" annotationid="Indian startups early adopters of multi-product strategy" comment="subhead2" text="Indian startups early adopters of multi-product strategy">Indian startups early adopters of multi-product strategy</cmsannotation> According to the report, cloud-based companies operating in the Indian market are pursuing a multi-product approach. Vertical SaaS firms are developing additional products that cover different stages of the customer journey, while horizontal SaaS companies are diversifying into other business segments that are related to their core offerings. The fact that the Indian cloud market is able to develop multi-product solutions rapidly is a testament to the country's skilled developer workforce and its customer base for SaaS products. Previously, Indian start-up founders had to move to the United States to sell their products, but the pandemic has enabled Indian companies to sell remotely to both domestic and foreign customers. <cmsannotation type="cmsannotation" annotationid="Indian SaaS companies are using AI to productise services" comment="subhead2" text="Indian SaaS companies are using AI to productise services">Indian SaaS companies are using AI to productise services</cmsannotation> The report finds that the Indian cloud market is also leveraging the potential of AI. “In particular, Indian SaaS companies are leveraging AI to help productise services,” says Anant Vidur Puri, partner at Bessemer Venture Partners. Notably, leading cloud companies are incorporating Language and Learning Models (LLMs) in conjunction with human resources. For example, Entropik uses facial expressions and tone of voice analysis to generate user research with emotional intelligence, while Leena AI assists HR teams in creating customised virtual assistants for their respective company's needs and culture, the report said. Indian startups are also leveraging the cloud to offer services and utilise LLMs to enhance accuracy and quality. For example, Pepper Content assists content creators in improving their work and has integrated AI into its quality assurance process, which is later reviewed by employees. Similarly, Perfios helps underwriters analyse credit profiles by using AI to gather and analyse data from various databases, providing lenders with a more complete view of creditworthiness compared to traditional banking methods. In India, AI is being used to improve job performance rather than replace humans. Last year, venture capital investors invested $53 billion in cloud companies outside the US and Canada, accounting for 42% of global cloud VC investment. Additionally, cloud and SaaS deals made up almost a quarter of all venture-backed startups worldwide. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/inflows-into-equity-mfs-hit-1-year-high-in-march-on-robust-sip-and-thematic-fund-investments/articleshow/99466043.cms">Inflows into equity MFs hit 1-year high in March on robust SIP and thematic fund investments</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/xiaomi-launches-a-new-line-up-of-air-purifiers-a-tv-and-a-vacuum-mop-in-india/articleshow/99464429.cms">Xiaomi launches a new line-up of air purifiers, a TV, and a vacuum mop in India</a>

Cloud spending in India grew by nearly 22% in 2022, says Bessemer Venture Partners

The market for <keyword id="2129299" type="UNKNOWN" weightage="40" keywordseo="professional-financial-advisors">professional financial advisors</keyword> is not dying any time soon. However, technology has transformed the money management space as well. Your finances are today literally on your fingertips. Here are a few popular sites and apps that can help you manage your money on a day to day basis; some of them even offering integrated <keyword id="25456" type="ORGANIZATION" weightage="40" keywordseo="financial-planning">financial planning</keyword> and portfolio management. Take a look: 
 
FOR: PORTFOLIO TRACKING AND MANAGEMENT 
 
Sites/Apps: ET Portfolio, Perfios Money Manager, MyUniverse, InvestPlus and RupeeX 
 
What they offer: All these sites (some have apps too) put all your investment data-- equity, <keyword id="6357979" type="ORGANIZATION" weightage="40" keywordseo="mutual-funds">mutual funds</keyword>, commodities (<keyword id="18712" type="ENTERTAINMENT" weightage="40" keywordseo="Gold">gold</keyword>, silver, etc.), fixed income <keyword id="6362476" type="ORGANIZATION" weightage="40" keywordseo="investments">investments</keyword> (fixed deposits, post office <keyword id="25450" type="UNKNOWN" weightage="40" keywordseo="savings">savings</keyword> schemes) and even real estate—on a single dashboard and allow you to track and manage them simultaneously. A few of them such as Perifos, RupeeX and MyUniverse are also budgeting tools and you add the expenses of the whole family or the other earner of the family, while keeping it separate for each member. The sites also give regular alters and personalized portfolio reports along with recommendations on ways to optimize your portfolio. 
 
All of these sites have some USP. For instance, ET Portfolio has real time reports and stock price updates, auto-generates stock dividends, splits &amp; bonus and lets you create custom alerts and watchlist that are crucial for you. Moreover, it has an in-built tax calculator. In simple terms, if you put in all your details, it will calculate your tax liabilities, including capital gains and auto generate your form 16 report for you. MyUniverse lets you transact—pay bills, buy or sell investments and file your taxes—directly from the site. 
 
Most of these applications also help lets you link bank accounts, brokerage accounts and credit card statements to your portfolio. So, every time there is transaction, the change automatically reflects in your portfolio. 
 
 
 
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FOR: LONG-TERM FINANCIAL PLANNING 
 
Site/Apps: ARTHOS, Arthayantra 
 
 
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What it offers: The tagline of the site says “A <keyword id="53346" type="POSITION" weightage="40" keywordseo="CFO">CFO</keyword> for everyone”. While most portals that support online investing provide you with generic analysis, ARTHOS claims to be one-of-its-kind. It is based on a proprietary PFLM, or, Personal Finance Lifecycle Management concept. This platform promises an integrated personal finance approach—plan-execute-manage (PEM) from a single platform. The site maps your income and expenses, <keyword id="35450" type="COMPANY" weightage="40" keywordseo="insurance">insurance</keyword> needs, risk appetite, current financial conditions, credit worthiness and future goals. At the end it gives you your Personal Finance Quotient, or, PFQ score, which denotes the personal finance readiness of an individual on a scale of 0 – 1000. A lower score (0-600) means your finances are in a bad shape while a high-score (800-1000) means you are managing your money very well. Anything in between 600-800 means you need some corrective step to improve your financial well-being. 
 
The financial analysis is free but the advice is a paid service. The website offers three plans-- Basic (Financial Health Check) Plan, Elite (Financial Security) plan and Elite Plus (Complete Financial Freedom) Plan. 
 
The basic plan includes expert opinion on improving your savings, optimizing assets and liabilities (current and long-term) and corrective measures for your finances. The Elite plan includes additional advice on potential emergencies, smart tax planning, setting and prioritizing of future goals, identifying money leaking financial products and fixing past financial mistakes. The elite plus plan comes with real human assistance and you investing under an expert’s supervision. The plan also gives you access to a real time goal tracker. 
 
Price: Basic (Financial Health Check) Plan- Rs 499, Elite (Financial Security) plan—Rs 4999, Elite Plus (Complete Financial Freedom) Plan—Rs 9999 
 
Available on: Website 
 
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FOR: SPECIFIC GOAL-BASED PLANNING 
 
Site/Apps: Bigdecisions.in 
 
 
What it offers: Our financial planning is most often goal based and this website plays up this aspect to make decision making easier. The portal that has six decision tools—retirement planning, child’s education, home (rent or buy), refinancing loan, life and health insurance—which helps you to access your need and make more appropriate financial decisions or product choices. Mind you, these are not simple calculators you find on almost most finance-related websites. These tools have some really cool features that involve a lot of math and algorithm at the backend. Take the retirement planning tool. Any ordinary retirement calculator will just tell you how much to save every month to meet your future expenses. This website goes a step further. If you think the saving required is too high at the moment, it asks how much you are comfortable saving per month to start with and then shows you how much this needs to increase every year so that you might meet your ultimate savings goal within a set time. If you are still not sure and have doubts, the site will route you to a <keyword id="2129300" type="UNKNOWN" weightage="40" keywordseo="human-financial-planner">human financial planner</keyword> for assistance, which obviously, is a paid service. The USP is its simple and interactive interface—slider input method and graphical explanations. The downside is only six tools are available as of now. Also, at a few places the options are restrictive. For instance, in the rent or buy tool, the website assumed that the interest lost on upfront payment or security deposit can’t be more than 15%. Not necessary that all of us have our savings in a bank deposit. If the money is, say in a structured product like ELSS, it can easily earn much more. 
 
 
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Price: Free 
 
Available on: Website 
 
FOR BANKING 
 
Site/Apps: Your Bank’s App 
 
 
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What they offer: Happy with your net banking service? Well, it’s time try the app now. Most banks have one these days. These apps will cover savings bank, demat, credit card and loan accounts. Get the app for your primary account and a variety of transactions from services like balance and demat account enquiry, mini statement, cheque book request, stop payment to fund transfer, bill payments, mobile and DTH recharges using the IMPS, or, Immediate Mobile Payment Services. You can even make donations or book travel such as airline tickets, train tickets and bus tickets. 
 
Price: Free 
 Available on: <keyword id="6355645" type="COMPANY" weightage="40" keywordseo="android">Android</keyword>, <keyword id="75489" type="ORGANIZATION" weightage="40" keywordseo="IOS">iOS</keyword> 
 
 
 
 
 
FOR TAX COMPUTATION: 
 
Site/Apps: MyTaxIndia 
 
What it offers: Developed by Quintet Solutions, MyTaxIndia mobile app has easy to understand graphics and data can be entered with simple slider options. The app lets you easily switch between male, female and senior citizen tax slabs and has provisions to include all deductions under Section 80C/80CCC/80CCD along with medical insurance, RGESS, interest on house loan separately. However, there is no place to include other common deductions such as Section 54, that is, capital gains deductions, interest received on bank accounts and post office (up to Rs 10,000). Also, this is more suitable for salaried individuals. 
 
The USP is the ‘tax split’ option, an interesting and easy to understand graphical illustration of your tax-break and final liability post all investments, deductions and rebates. You can even save this tax data (of unlimited users) for a later time and export screenshots and data at a single click and have it mailed to your inbox. 
 
Price: Free 
 
Available on: Android 2.1 and up, <keyword id="101239" type="CITY" weightage="40" keywordseo="iPad">ipad</keyword> and mac

You Searched For "perfios" and got 11 results

Fintech firm Perfios becomes India's second unicorn of this year

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SaaS fintech firm Perfios raises $229 mn from Kedaara Capital

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India’s fintech funding shrinks over 60% to $2 billion

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Apps And Sites For A D-I-Y Approach To Money Management

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