When was Walnut founded?

Walnut was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Walnut located?

Walnut is headquartered in Pune, India. It is registered at New No 3. (Old 211), Gokaldas Platinum, Upper Palace Orchards, Bellary Road, Sad, ashivnagar, Bangalore, Bangalore, Karnataka, India, 560080.

Which legal entities is Walnut associated with?

Walnut is associated with AXIO DIGITAL PRIVATE LIMITED and 1 other.

How many employees does Walnut have?

As of Feb 28, 2026, the latest employee count at Walnut is 488.

Is Walnut a funded company?

Walnut is a funded company, having raised a total of $9.38M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 29, 2014.

How much is Walnut worth?

The last known valuation of Walnut was ₹***** as of Oct 30, 2018.

When was the latest funding round of Walnut?

Walnut's latest funding was a $***** Series A round on Oct 30, 2018, with participation from 1 investor.

What is the annual revenue of Walnut?

Annual revenue of Walnut is ₹113Cr as on Mar 31, 2025.

Where does Walnut rank among its competitors?

Walnut ranks 1st amongst 7 active competitors, none of which are funded.

Who are the top competitors of Walnut?

Walnut's top competitors include Monet, ExpenseBit and App Money. Among them, Walnut secured the most recent funding round in October, 2018.

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

Q: Is Walnut an acquired company?

Walnut got acquired by axio on Aug 14, 2018.

Company Details

Smartphone app that acts as a personal assistant to the SMS inbox and tracks expenses. Automatically classifies messages from different service providers, and provides a monthly summary and easy search. Tracks texts from banks, credit cards, bills, and savings. Users can also split bills, set bill reminders, get a summary of bank account and get spending statistics. Tied up with card network Visa, it also features users to split bills and P2P transfers to bank accounts using only debit cards.

Website: getwalnut.com
Registered Address: New No 3. (Old 211), Gokaldas Platinum, Upper Palace Orchards, Bellary Road, Sad, ashivnagar, Bangalore, Bangalore, Karnataka, India, 560080

Key Metrics

Founded Year

2014

Location

Pune, India

Stage

Acquired

Total Funding

$9.38M in 3 rounds

Latest Funding Round

Series A, Oct 30, 2018, $*****

Last Known Valuation

₹***** as on Oct 30, 2018

Investors

Sequoia Capital & 11 more

Ranked

1^st among 7 active competitors

Annual Revenue

₹113Cr as on Mar 31, 2025

Employee Count

488 as on Feb 28, 2026

Similar Companies

SimplyWise & 29 more

Exit Details

Acquired by axio (Aug 14, 2018)

View Walnut's full profile

Walnut is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Capfloat Financial Services Private Limited CIN: U65993KA1993PTC074590 , India, Active	Oct 06, 1993	$47.9M (As on Mar 31, 2025)	222 (As on Mar 31, 2026)
AXIO DIGITAL PRIVATE LIMITED CIN: U72900PN2014PTC153050 , India, Active	Nov 10, 2014	$13.4M (As on Mar 31, 2025)	117 (As on Mar 31, 2026)

Walnut got acquired by axio on Aug 14, 2018 at an acquisition amount of $30M. It was facilitated by Themis Associates, K Law and IndigoEdge.

Click here to take a look at Walnut's acquisition in detail

Walnut has raised a total funding of $9.38M over 3 rounds. Its first funding round was on Dec 29, 2014. Its latest funding round was a Series A round on Oct 30, 2018 for $*****. 1 investor participated in its latest round. Walnut has 4 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of Walnut:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 30, 2018	4105271	Series A	3230384	2102389	4644805	5786666
May 29, 2015	8347701	Series A	3573551	4715472	8852483	Sequoia Capital
Dec 29, 2014	1769074	Seed	9408772	1858312	Sequoia Capital	2278423

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View details of Walnut's funding rounds and investors

The founders of Walnut are Anurag Sinha, Amit Gangadhar Bhor and Patanjali Narasimha Somayaji.

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

Anurag Sinha: Co-Founder of Walnut and founder of 3 other companies, FPL Technologies, OneCard and OneScore. They are also an angel investor in 3 startups and serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number
Amit Gangadhar Bhor: Co-Founder, Product And Strategy of Walnut. They serve on the board of 1 company.
Patanjali Narasimha Somayaji: Co-Founder & COO of Walnut.

Walnut's Board of Directors

Walnut's board has 1 active member. Gaurav Dinesh Hinduja is independent board member.

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

Name	Type	Representing	Status	Duration
ewlpecn	Team	-	Past	7y 9m
Gaurav Dinesh Hinduja	Independent board member	-	Current	7y 6m

View details of Walnut's Founder profiles and Board Members

Walnut's employee count trend

Walnut has 488 employees as of Feb 26. The total employee count is 3.0% lower than what it was in Feb 25. Here is Walnut's employee count trend over the years:

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Top competitors of Walnut include Monet, ExpenseBit and App Money. Here is the list of Top 10 competitors of Walnut, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Walnut 2014, Pune (India), Acquired	Mobile based personal SMS assistant and expense tracking app	$9.38M	Sequoia Capital, Elevation Capital & 10 others	57/100
2nd	Monet 2017, Bengaluru (India), Unfunded	Personal financial management app	-	-	36/100
3rd	ExpenseBit 2016, Bengaluru (India), Funding Raised	Developer of a personal finance management mobile application	-	-	27/100
4th	App Money 2010, Delhi (India), Unfunded	Expense tracking and budget tracking app	-	-	26/100
5th	Gullak 2015, Noida (India), Deadpooled	Mobile app for personal finance management	-	-	26/100
6th	moFi 2015, Gurugram (India), Deadpooled	Personal finance manager	-	-	23/100
7th	WealthPack 2014, Gurugram (India), Acquired	Automated personal finance management app	-	-	23/100
8th	SpendWize 2013, Bengaluru (India), Deadpooled	Automated expense tracker	-	-	21/100
9th	Qykly 2016, Noida (India), Unfunded	Expense and transactions tracking app	-	-	16/100
10th	ArthWise 2024, Bengaluru (India), Unfunded	Provider of personalized AI-driven financial guidance and expense tracking through WhatsApp integration	-	-	16/100

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Founders own 39.35%, Funds (largest shareholder) own 45.90%, Parent Entities own 1.63% and ESOP Pool own 13.12%. The net worth of Walnut's founders is INR 85.6Cr as of Oct 30, 2018.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	39.35%	85.6Cr	6560485	6275193	4156972	8252209
Fund	45.90%	99.9Cr	9290863	8980819	7413250	4042928
Sequoia Capital	1647267	4164828	4213039	6213324	1163937	1091387
Parent Entity	1.63%	3.55Cr	6	1	2	6
ESOP Pool	13.12%	28.5Cr	1612270	4071074	9695079	5290679
Total	100.00%	218Cr	3939155	9480805	4509489	2511366