# Akudo Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/akudo-technologies-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.akudo.in
- Total disclosed funding: $4.2M
- Latest round: Seed (Sep 27, 2021)
- Investors on record: 7

## About

Akudo Technologies specializes in innovative digital banking solutions aimed at empowering youth through accessible financial services, with a focus on enhancing financial literacy and providing tailored banking experiences.Founded in 2020, Akudo Technologies Private Limited is based in Bangalore, India. The company provides a digital banking platform specifically designed for the youth demographic, enhancing their financial management capabilities. The founders, Jagveer Gandhi, Lavika Aggarwal, and Sajal Khanna, established the company to address the gap in financial services for young adults. In September 2021, Akudo raised INR 310 million in Seed funding co-led by AKATSUKI and JAFCO Asia, along with other investors including Incubate Fund and Y Combinator. This funding is aligned with their goal of reaching financially underserved teenagers in India. The company has completed one deal to date, with the total amount raised being INR 310 million.Akudo offers a comprehensive digital banking platform that empowers young customers with financial solutions. The platform includes tools for saving, budgeting, and managing finances, alongside features like gamified savings and personalized financial advice, specifically tailored for college students and young professionals in India.In the most recent year, 2024, Akudo reported a revenue of INR 52,292.6 million and an EBITDA of INR -729,747.1 million. Revenue is generated through subscription-based services and transactional fees linked to their digital banking platform, catering to the needs of young adults.Following their Seed funding round in September 2021, Akudo Technologies plans to utilize the INR 310 million raised to expand its team and enhance its product offerings. The company's strategy includes reaching millions of financially under-prepared teenagers in India by refining its services and expanding into more regions across the country. New product launches are planned to increase accessibility and engagement for their young clientele.

## Funding rounds

- Seed, Sep 27, 2021, $4.2M — Y Combinator, JIF Capital, Incubate Fund, Cabra VC, Akatsuki Ventures, Tribe Capital, Darkmode Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Seed
- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Seed
- Cabra VC (https://capitalatlas.ai/funds/cabra-vc) — Seed
- Akatsuki Ventures (https://capitalatlas.ai/funds/akatsuki-ventures) — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Darkmode Ventures (https://capitalatlas.ai/funds/darkmode-ventures) — Seed