When was Altitude founded?

Altitude was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Altitude located?

Altitude is headquartered in Mumbai, India. It is registered at A6, G/F. A-Block Govindpura Near Ram Mandir, East Delhi, Delhi, Delhi, India, 110051.

Who is the current CEO of Altitude?

Krishna Maggo of Altitude. They have also founded 2 companies.

Which legal entities is Altitude associated with?

Altitude is associated with AUCTIC SOLUTIONS PRIVATE LIMITED.

Is Altitude a funded company?

Altitude is a funded company, having raised a total of $582K across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 24, 2022.

How much is Altitude worth?

The latest valuation of Altitude is ₹***** as of Jul 04, 2022.

When was the latest funding round of Altitude?

Altitude's latest funding was a $***** Seed round on Oct 04, 2023, with participation from 6 investors.

Where does Altitude rank among its competitors?

Altitude ranks 7th amongst 10 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Fixerra, which secured $1.68M in Dec, 2023.

Who are the top competitors of Altitude?

Altitude's top competitors include Fixerra, Aspero and SMEST. Among them, Fixerra secured the most recent funding round in December, 2023.

Altitude - 2026 Company Profile, Team, Funding & Competitors

Company Details

Fixed income alternative investment platform for individuals. Crafting high-yield investment instruments that not only promise exceptional returns on traditional assets but also introduce essential features such as diversification and early liquidity. Seeks to generate income by investing across multiple asset classes including real estate, private credit, litigation, inventory and revenue based finance, structured notes, and private equity.

Website: altitude.club
Email ID: *****@altitude.club
Registered Address: A6, G/F. A-Block Govindpura Near Ram Mandir, East Delhi, Delhi, Delhi, India, 110051

Key Metrics

Founded Year

2021

Location

Mumbai, India

Stage

Seed

Total Funding

$582K in 3 rounds

Latest Funding Round

Seed, Oct 04, 2023, $*****

Post Money Valuation

₹***** as on Jul 04, 2022

Investors

Girish Prakash Deshpande & 26 more

Ranked

7^th among 10 active competitors

Similar Companies

Trumid & 80 more

View Altitude's full profile

Altitude is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AUCTIC SOLUTIONS PRIVATE LIMITED CIN: U74999DL2021PTC386817 , India, Active	Sep 21, 2021	-	-

Altitude has raised a total funding of $582K over 3 rounds. Its first funding round was on Mar 24, 2022. Its latest funding round was a Seed round on Oct 04, 2023 for $*****. 6 investors participated in its latest round. Altitude has 13 institutional investors and 14 angel investors.

Here is the list of recent funding rounds of Altitude:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 04, 2023	4983439	Seed	5677086	8117589	3295405	2093864
Jul 04, 2022	7121789	Seed	2473478	8553232	2464375	Rajat Gupta & 6 more
Mar 24, 2022	4821196	Seed	3488066	1190282	Girish Prakash Deshpande	Singhvi Heritage & 4 more

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View details of Altitude's funding rounds and investors

The founders of Altitude is Krishna Maggo. Krishna Maggo is the CEO of Altitude.

Here are the details of Altitude's key team members:

Krishna Maggo: Founder & CEO of Altitude and founder of 1 other company.

Altitude's Board of Directors

Altitude's board has 2 active members. Deep Shikha and Sachin Maggo are independent board members.

Here is the list of Altitude's board of directors:

Name	Type	Representing	Status	Duration
Deep Shikha	Independent board member	-	Current	4y 8m
{waotci	Independent board member	-	Current	3y 3m

View details of Altitude's Founder profiles and Board Members

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Top competitors of Altitude include Fixerra, Aspero and SMEST. Here is the list of Top 10 competitors of Altitude, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fixerra 2023, Mumbai (India), Seed	Fixed deposit marketplace for banks	$2.23M	AS Desaai Consultants, Amd Consultancy Services ... & 8 others	41/100
2nd	Aspero 2021, Mumbai (India), Unfunded	Provider of fixed income investment platform offering a wide array of exclusive debt instruments	-	-	37/100
3rd	SMEST 2018, Mumbai (India), Funding Raised	Provider of an online platform for bond investments	-	-	31/100
4th	Bondspe 2023, Delhi (India), Unfunded	One stop solution for bonds investment	-	-	31/100
5th	BharatFD 2024, Delhi (India), Unfunded	Provider of a platform for comparing and booking fixed deposits	-	-	29/100
6th	Stable Investments 2022, Mumbai (India), Unfunded	Platform for investors to access a range of secured debt products	-	-	26/100
7th	Altitude 2021, Mumbai (India), Seed	Fixed income alternative investment platform for individuals	$582K	Wipro, Robinhood & 25 others	26/100
8th	KOFFi 2023, Pune (India), Unfunded	Fixed income trading platform for individuals	-	-	20/100
9th	IndiaDeposit 2021, Delhi (India), Deadpooled	App-based fixed-income instruments investment platform for individuals	-	-	17/100
10th	JusPaisa 2024, Bengaluru (India), Unfunded	AI-powered platform offering investing in Fixed Deposits	-	-	16/100

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Founders (largest shareholder) own 85.10%, Enterprises own 2.00%, Angels own 11.44% and Other Investors own 1.45%. The net worth of Altitude's founders is INR 13.1Cr as of Jul 04, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	85.10%	13.1Cr	1213584	6852604	7044110	7273970
Enterprise	2.00%	30.9L	88	59	31	45
Angel	11.44%	1.77Cr	2099379	7052168	3190237	9014108
Girish Prakash Deshpande	8	1	6	4	5	2
Rajat Gupta	0	0	0	0	0	0
Other Investors	1.45%	22.3L	3	4	1	6
Total	99.99%	15.4Cr	2625251	3920946	4322283	6137245