Total amount raised
$1.6 Millions
Latest funding date
01/01/2023
Location
Tyke has successfully raised funds through multiple rounds, establishing itself as a notable player in the investment landscape. The platform offers a unique opportunity for investors to engage in startup investments starting at INR 5,000.
Keep reading to explore the intricacies of Tyke's fundraising journey and the investors backing this innovative platform.
What Is Tyke?
Tyke, founded on January 15, 2021, is a prominent player in the financial services and fintech industry. Based in Mumbai, Maharashtra, India, the company was established by Karan Mehra and Purav Bubna.
With a team of 11-50 employees, Tyke stands out as India's first online investment platform where startup investments can begin at INR 5,000. The platform aims to make startup investing accessible to all, offering opportunities across various sectors such as consumer, healthtech, edtech, fintech, AI, AR/VR, blockchain, and food and beverages.
How Much Funding Has Tyke Raised?
- Pre-Seed Round
- Amount Raised: $100K
- Date: May 2021
- Lead Investors: Navin Surya
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop products that help companies digitize and democratize their fundraising processes.
- Pre-Seed Round
- Amount Raised: $1.5M
- Date: December 2021
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build distinguished products, automate private equity investment deals, and expand offerings into different asset classes.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and scale the platform's capabilities.
Total Amount Raised: $1.6M
Current Valuation: Not publicly disclosed
Key Investors
- Venture Catalysts
- Details: Venture Catalysts is a leading early-stage investment firm in India, known for its extensive network of angel investors and venture capitalists. The firm has a strong focus on nurturing startups through mentorship and strategic guidance.
- Investment Focus Areas: Early-stage startups, fintech, consumer tech, healthtech.
- Notable Investments: Beardo, Fynd, BharatPe.
- 9Unicorns
- Details: 9Unicorns is an accelerator fund that invests in early-stage startups across various sectors. The firm aims to support innovative ideas and help them scale rapidly through funding and mentorship.
- Investment Focus Areas: Early-stage startups, technology, consumer products, healthcare.
- Notable Investments: Not publicly disclosed.
- Better Capital
- Details: Better Capital is a venture capital firm that focuses on early-stage investments, particularly in the fintech, SaaS, and consumer tech sectors. The firm is known for its hands-on approach in helping startups grow.
- Investment Focus Areas: Fintech, SaaS, consumer tech.
- Notable Investments: Not publicly disclosed.
- Navin Surya
- Details: Navin Surya is an angel investor with a strong background in the fintech industry. He has been instrumental in supporting various startups through his investments and industry expertise.
- Investment Focus Areas: Fintech, digital payments, financial services.
- Notable Investments: Not publicly disclosed.
- Jitendra Gupta
- Details: Jitendra Gupta is a prominent angel investor and entrepreneur, known for his contributions to the fintech sector. He has a track record of supporting innovative startups and helping them achieve significant growth.
- Investment Focus Areas: Fintech, digital banking, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Tyke?
Tyke is poised to revolutionize the fundraising landscape by making private investing digital and instant. With the fintech sector in India experiencing rapid growth, Tyke's innovative approach offers a significant opportunity to automate private equity investment deals and expand into new asset classes like fixed incomes and debt.
As Tyke continues to develop its platform, future fundraising rounds are likely to attract substantial interest from investors eager to capitalize on the company's potential. However, Tyke will need to navigate challenges such as competition from other fintech startups, regulatory hurdles, and maintaining investor trust to achieve sustained success.
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