When was Siply founded?

Siply was founded in 2020 and raised its 1st funding round within a year of its incorporation.

Where is Siply located?

Siply is headquartered in Bengaluru, India. It is registered at Vaishnavi Signature, 78/9, Outer Ring Road, Bellandur Village, Varthur Hobli, Bellandur, Bangalore, Bangalore South, Karnataka, India, 560103.

Who is the current CEO of Siply?

Sousthav Chakrabarty of Siply. They are also angel investors in 2 startups.

Which legal entities is Siply associated with?

Siply is associated with SIPLY SERVICES PRIVATE LIMITED.

How many employees does Siply have?

As of Aug 31, 2026, the latest employee count at Siply is 36.

Is Siply a funded company?

Siply is a funded company, having raised a total of $27M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 17, 2020.

How much is Siply worth?

The latest valuation of Siply is $***** as of Feb 10, 2023. This marks a decline of 6% from its peak valuation of $53.5M in Dec, 2020. This marks a decline of 6% from its peak valuation of $53.5M in Dec, 2020.

When was the latest funding round of Siply?

Siply's latest funding was a $***** Conventional Debt round on Jun 14, 2022, with participation from 4 investors. Its primary sector is Investment Tech. In India, the Investment Tech sector has seen $461M in funding in 2026 to date.

What is the annual revenue of Siply?

Annual revenue of Siply is between ₹10 Cr and ₹50 Cr as on Mar 31, 2024

Where does Siply rank among its competitors?

Siply ranks 1st amongst 53 active competitors, of which 6 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Galgal, which secured ₹1.88Cr in Feb, 2024.

Who are the top competitors of Siply?

Siply's top competitors include Galgal, Savvy and Wizely. Among them, Galgal secured the most recent funding round in February, 2024.

Siply - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of micro‑savings and financial inclusion services via AI‑driven app. The platform enables underserved users to save in small increments and access investment offerings through a vernacular mobile interface. It supports automated savings pathways, micro‑loan disbursement, and participation in group savings formats. Integrated AI assists by tailoring product recommendations and optimizing user engagement based on behavior patterns and language preferences. Designed for digitally underserved populations, the app delivers flexible onboarding, instant access to savings and loans, and intuitive vernacular navigation without requiring financial literacy. This solution addresses inclusion by combining micro‑financial services, educational content, and AI personalization in one accessible ecosystem.

Website: siply.in
Social
Email ID: *****@siply.in
Part Of
Registered Address: Vaishnavi Signature, 78/9, Outer Ring Road, Bellandur Village, Varthur Hobli, Bellandur, Bangalore, Bangalore South, Karnataka, India, 560103

Key Metrics

Founded Year

2020

Location

Bengaluru, India

Stage

Seed

Total Funding

$27M in 7 rounds

Latest Funding Round

Conventional Debt, Jun 14, 2022, $*****

Post Money Valuation

$***** as on Feb 10, 2023

Investors

Earlsfield Capital & 60 more

Ranked

1^st among 53 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2024

Employee Count

36 as on Aug 31, 2026

Investment & Acquisitions

Ayekart

Similar Companies

Trade Republic & 548 more

View Siply's full profile

Siply is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SIPLY SERVICES PRIVATE LIMITED CIN: U74999KA2020PTC136118 , India, Active	Jul 18, 2020	₹10 - ₹50 Cr (As on Mar 31, 2024)	6 (As on Mar 01, 2024)

Siply has raised a total funding of $27M over 7 rounds. Its first funding round was on Dec 17, 2020. Its latest funding round was a Conventional Debt round on Jun 14, 2022 for $*****. 4 investors participated in its latest round. Siply has 36 institutional investors and 25 angel investors.

Here is the list of recent funding rounds of Siply:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 14, 2022	3492719	Conventional Debt	9195747	4593641	5823123	8895633
Apr 15, 2022	8629285	Seed	3193418	5165499	9364644	Vivek Sunder & 3 more
Jan 31, 2022	1199011	Seed	6803104	8816028	Earlsfield Capital	Hanuka Technology

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View details of Siply's funding rounds and investors

The founders of Siply are Sousthav Chakrabarty, Nitin Mittal and Anil Bhat. Sousthav Chakrabarty is the CEO of Siply.

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

Sousthav Chakrabarty: Co-Founder & CEO of Siply and founder of 1 other company. They are also an angel investor in 2 startups and serve on the boards of 2 companies.
Contact Info: 2 email addresses and 1 phone number
Nitin Mittal: Co-Founder of Siply. They are also an angel investor in 1 startup and serve on the board of 1 company.
Anil Bhat: Former Co-Founder of Siply. They serve on the board of 1 company.
Contact Info: 1 email address

Siply's Board of Directors

Siply's board has 6 active members. Sousthav Chakrabarty, Anil Bhat and Jatin Dattatraya Bhat are part of team and Ayan Chatterjee, Huzaif Pasha and William Owens are independent board members.

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

Name	Type	Representing	Status	Duration
Sousthav Chakrabarty	Team	-	Current	6y 2m
Anil Bhat	Team	-	Current	6y 2m
dmaoojx	Team	-	Past	9y 7m
ckw{xbs	Team	-	Past	1y 3m
Jatin Dattatraya Bhat	Investor	-	Current	2y 10m
Ayan Chatterjee	Independent board member	-	Current	4y 1m
{lhsamn	Independent board member	-	Current	8y 6m
ejyntpu	Independent board member	-	Past	9y 9m

View details of Siply's Founder profiles and Board Members

Siply's employee count trend

Siply has 36 employees as of Aug 26. Here is Siply's employee count trend over the years:

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Top competitors of Siply include Galgal, Savvy and Wizely. Here is the list of Top 10 competitors of Siply, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Siply 2020, Bengaluru (India), Seed	Provider of micro‑savings and financial inclusion services via AI‑driven app	$27M	Plantain Tree Ventures, YMS Finance & 59 others	49/100
2nd	Galgal 2021, Mumbai (India), Seed	A digital banking platform providing personal finance and daily money management app	$2.45M	L C Raheja Forex, Arctos Ventures & 14 others	40/100
3rd	Savvy 2020, Mumbai (India), Funding Raised	App-based savings platform for individuals and solutions for institutions	-	YL Ventures, Startupbootcamp & 13 others	40/100
4th	Wizely 2016, Bengaluru (India), Seed	App-based saving platform	$1.5M	Javelin Venture Partners	39/100
5th	Dvara Money 2018, Bengaluru (India), Early Stage	Wealth management service provider	$968K	Omnivore	39/100
6th	Blance 2021, Bengaluru (India), Unfunded	Online platform offering rewards and buying plans on multi-channel purchases	-	-	38/100
7th	Saathi 2021, Mumbai (India), Unfunded	Fintech platform that rewards users for saving towards their goals	-	-	37/100
8th	Acru 2019, Bengaluru (India), Acquired	App-based micro savings platform	$233K	Vertexperts Consulting, July Ventures & 5 others	35/100
9th	KCPL 2006, Bengaluru (India), Funding Raised	Digitalised chit fund services offering savings platform for individuals	-	-	34/100
10th	Pluto Money 2023, Bengaluru (India), Unfunded	Provider of investment and financial planning tools	-	April Ventures	33/100

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Founders own 24.82%, Funds own 7.77%, Parent Entities (largest shareholder) own 30.91% and Enterprises own 6.50%. The net worth of Siply's founders is INR 23.7Cr as of Oct 20, 2021. The cap table displayed below is for SIPLY SERVICES PRIVATE LIMITED which is the legal entity associated with Siply.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	24.82%	23.7Cr	3434164	2869598	4966009	3531486
Sousthav Chakrabarty	5171334	7234190	7249493	7948638	2808434	7144723
Nitin Mittal	210750	733732	158661	607586	613128	912088
Fund	7.77%	7.42Cr	9493215	1037081	1415919	5134294
Parent Entity	30.91%	29.5Cr	1491702	9784668	3948913	6481855
Enterprise	6.50%	6.21Cr	587415	462113	982485	582421
Angel	2.96%	2.83Cr	24	15	55	24
Other People	14.89%	14.2Cr	5134427	4041392	4299882	6244872
Other Investors	12.13%	11.6Cr	1295129	9004940	5394651	7733454
Total	100.00%	95.5Cr	5236788	7438227	6142143	8998820