Docsumo - About the company
Docsumo is a seed company based in Lewes (United States), founded in 2019 by Rushabh Sheth. It operates as a Cloud-based platform for document automation. Docsumo has raised $3.72M in funding from investors like Techstars, Barclays and Better Capital. The company has 2938 active competitors, including 254 funded and 209 that have exited. Its top competitors include companies like Box, Behavox and PandaDoc.
Company Details
Cloud-based platform for document digitization. It is a data entry & document workflow automation platform for accountants to extract data automatically from a document. It captures data from unstructured documents such as invoices & bank statements and converts them into structured formats such as CSV, JSON, XML, and Excel. It uses deep learning to extract and validate data from invoices. It provides an AI engine to perform the auto validation checks of GST/VAT number, line item HSN code, subtotal, tax rate, and total. It can be integrated with ERP systems such as SAP and Oracle and accounting software such as Tally and QuickBooks.
- Website
- www.docsumo.com/
- Email ID
- *****@docsumo.com
- Registered Address
- C-7, SARVONNATI SOCIETY, KIROL ROAD, GHATKOPAR (WEST), Mumbai City, MUMBAI, Maharashtra, India, 400086
Key Metrics
Founded Year
2019
Location
Lewes, United States
Stage
Seed
Total Funding
$3.72M in 3 rounds
Latest Funding Round
Ranked
82nd among 2938 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
80 as on Jun 30, 2026
Legal entities associated with Docsumo
Docsumo is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ACUVEA ANALYTICS PRIVATE LIMITED CIN: U72900MH2018PTC312068 , India, Active | Jul 19, 2018 | 0 - ₹10 Cr (As on Mar 31, 2025) | 28 (As on May 31, 2025) | |
DOCSUMO PTE. LTD CIN: 202003040H , Singapore, Active | - | - |
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Docsumo's funding and investors
Docsumo has raised a total funding of $3.72M over 3 rounds. Its first funding round was on Jan 27, 2020. Its latest funding round was a Seed round on Mar 03, 2022 for $*****. 4 investors participated in its latest round. Docsumo has 9 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Docsumo:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 03, 2022 | 2100140 | Seed | 8386301 | 6782202 | 4775153 | 6572555 |
Aug 10, 2020 | 4084005 | Seed | 4214139 | 3893019 | 5211102 | |
Jan 27, 2020 | 3475306 | Seed | 7783655 | 3371576 | 7402126 |
View details of Docsumo's funding rounds and investors
Docsumo's founders and board of directors
Founder? Claim ProfileThe founders of Docsumo is Rushabh Sheth.
Here are the details of Docsumo's key team members:
- Rushabh Sheth: Co-Founder & CEO of Docsumo and founder of 1 other company. Contact Info: 1 email address
Docsumo's Board of Directors
Docsumo's board has 1 active member. Bikram Dahal is part of team.Here is the list of Docsumo's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 0m |
View details of Docsumo's Founder profiles and Board Members
Docsumo's employee count trend
Docsumo has 80 employees as of Jun 26. Here is Docsumo's employee count trend over the years:
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Docsumo's Competitors and alternates
Top competitors of Docsumo include Box, Behavox and PandaDoc. Here is the list of Top 10 competitors of Docsumo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Box 2005, Redwood City (United States), Public | AI based platform for secure collaboration, content management,
and workflow | $693M | 80/100 | |
2nd | Behavox 2014, London (United Kingdom), Series C | Provider of AI-driven platform for regulatory compliance and risk management | $343M | 72/100 | |
3rd | PandaDoc 2011, San Francisco (United States), Series C | Provider of document management and automation platform with e-signature capabilities | $61.9M | 70/100 | |
4th | Provider of digital solutions for KYC, document management, and digital signatures | $11.9M | 69/100 | ||
5th | Provider of a digital platform for receiving and managing documents | $11.1M | 68/100 | ||
6th | M-Files 1989, Plano (United States), Series C | Enterprise document management platform for knowledge work automation | $127M | 68/100 | |
7th | OnFinance AI 2023, Bengaluru (India), Seed | Developer of artificial intelligence agents for automated regulatory compliance management | $5.25M | 67/100 | |
8th | NetDocuments 1998, Lehi (United States), Acquired | Cloud-based enterprise content management solutions | $30M | 65/100 | |
9th | Ninety 2016, Atlanta (United States), Series B | Provider of enterprise collaboration and document management solution | $35M | 64/100 | |
10th | Thoropass 2019, New York City (United States), Series C | Platform offering integrated compliance management solutions | $98M | 63/100 | |
82nd | Docsumo 2019, Lewes (United States), Seed | Cloud-based platform for document automation | $3.72M | 49/100 |
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Docsumo's Investments and acquisitions
Docsumo has made no investments or acquisitions yet.
Reports related to Docsumo
Here is the latest report on Docsumo's sector:
News related to Docsumo
•
Document AI startup Docsumo raises $3.5 Mn in seed roundEntrackr•Mar 03, 2022•Docsumo, Common Ocean, Better Capital, Arbor Realty Trust and 1 other
•
•
DocSumo Raises $220k seed funding from Better Capital, Techstars and BarclaysIndianWeb2•Aug 09, 2020•Docsumo, Better Capital, Techstars, Barclays
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