Vitrak Technologies Private
Latest round
- Series A
Last raised
- Sep 2022
Total raised
- $12M
Investors
- 9
About Vitrak Technologies Private
Founded in 2019 in Gurgaon, India, Vitrak Technologies Private Limited operates under the brand GroMo, which provides a platform for users to sell financial products. The company was established by Ankit Khandelwal, Arpit Khandelwal, and Darpan Khurana, with Ankit Khandelwal serving as the CEO.GroMo's core offering is a digital platform that enables individuals to earn income by selling a variety of financial products, including insurance policies, savings accounts, credit cards, demat accounts, personal loans, and investment services. The GroMo app allows users to register as partners, attend training sessions, and share financial product links with potential customers. This model provides a flexible work environment, allowing users to operate from anywhere without the need for significant upfront investment. The primary target audience includes working professionals, students, housewives, and small business owners in urban and semi-urban areas across India.30. GroMo generates revenue through a commission-based structure, where partners earn money for each financial product sold. The transactions occur directly between GroMo and its users, with partners receiving instant payouts upon successful sales. This approach emphasizes a performance-driven model, where earnings are linked to sales activity. The platform enables partners to engage in business-to-consumer transactions, selling financial products from various reputable brands such as Axis Bank, Kotak 811, Upstox, and Bajaj Finserv.100,000 monthly based on their sales volume.Vitrak Technologies plans to introduce new financial service products and enhance its platform capabilities in the upcoming year. The company is also targeting expansion into new geographic markets, particularly in tier-2 cities across India, by the end of 2024.
Who invested in Vitrak Technologies Private
9 investors across 2 rounds
See all investors in Vitrak Technologies Private
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Vitrak Technologies Private
Who invested in Vitrak Technologies Private?
Vitrak Technologies Private has 9 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Vitrak Technologies Private raised?
Vitrak Technologies Private has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Vitrak Technologies Private last raise money?
Vitrak Technologies Private's most recent round on record is a Series A, in Sep 2022.
What does Vitrak Technologies Private do?
Founded in 2019 in Gurgaon, India, Vitrak Technologies Private Limited operates under the brand GroMo, which provides a platform for users to sell financial products.
Where is Vitrak Technologies Private headquartered?
Vitrak Technologies Private is headquartered in Gurgaon, India.
Which VCs invest in companies like Vitrak Technologies Private?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at Vitrak Technologies Private's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
Raising like Vitrak Technologies Private? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.