# SLO Technologies Private

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

- Industry: Software
- Headquarters: Mumbai, India
- Website: http://www.advarisk.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Apr 30, 2019)
- Investors on record: 2

## About

SLO Technologies Private Limited offers innovative technology solutions for real estate collateral management, aimed at enhancing the efficiency of mortgage lending processes for financial institutions in India.Founded in 2016 and headquartered in Mumbai, India, SLO Technologies Private Limited specializes in technology-driven solutions for real estate collateral management. The company was co-founded by Rahul Metkar and Vishal Sharma. SLO Technologies has successfully raised a total of INR 23.30 million in funding through various rounds, with the latest funding round occurring on November 17, 2020, led by ICICI Bank, valuing the company at INR 373.75 million post-money. The firm has completed a total of 3 deals to date.SLO Technologies provides a suite of technology solutions that streamline real estate collateral management for financial institutions. Their core products, AdvaSmart and AdvaNPA, automate processes in mortgage lending, offering services such as instant ownership verification and advanced insights into defaulters, primarily targeting banks in urban markets across India.In the most recent year, 2023, SLO Technologies reported a revenue of INR 821,169.10, with an EBITDA amount of INR -571,545.30, reflecting the company's financial performance amidst its operational activities.With recent funding of INR 23.30 million raised in November 2020, SLO Technologies plans to enhance its product offerings and expand into new markets. The company is focused on developing new features for its existing products and plans to target additional urban markets within India by 2025. The capital raised will support these initiatives, aiming to improve service delivery and enhance market penetration.

## Funding rounds

- Seed, Apr 30, 2019, $0.7M — Sprout Venture Partners, Salamander Advisors

## Investors

- Sprout Venture Partners (https://capitalatlas.ai/funds/sprout-venture-partners) — Seed
- Salamander Advisors (https://capitalatlas.ai/funds/salamander-advisors) — Seed