# Fello Technologies Private

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

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.fello.in
- Total disclosed funding: $1M
- Latest round: Seed (Nov 3, 2021)
- Investors on record: 8

## About

Based in Bengaluru, India, and founded in 2020, Fello Technologies Private Limited operates as a game-based investment company. Manish Maryada (CEO) and Shourya Lala are the co-founders of the company. In November 2021, Fello Technologies Private Limited raised USD 1 million in seed funding, led by returning investor Entrepreneur First, with participation from new investors.

The company provides a game-based savings and investment application for users to save, play, and get more returns than a traditional savings bank account. It makes saving entertaining and smooth through rewarding games. Users can begin saving and investing in Fello's funds and financial assets. Users get a gaming ticket for every Rs. 100 saved or invested through Fello, which can be used to play games listed on the app.

Fello Technologies Private Limited plans to use the seed funding received in November 2021 to hire more employees, scale the product, and enhance its technology for more game-based financial products.

## Funding rounds

- Seed, Nov 3, 2021, $1M — Acequia Capital, Vistra ITCL, Entrepreneur First, JITO Incubation & Innovation Foundation, Upsparks, Dexter Ventures, Salil Chakrabarty Innovation Fund, Kube VC

## Investors

- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- Vistra ITCL — Seed
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- JITO Incubation & Innovation Foundation — Seed
- Upsparks (https://capitalatlas.ai/funds/upsparks) — Seed
- Dexter Ventures (https://capitalatlas.ai/funds/dexter-ventures) — Seed
- Salil Chakrabarty Innovation Fund — Seed
- Kube VC (https://capitalatlas.ai/funds/kube-vc) — Seed