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, Walnut has 488 employees, reflecting a 2% year-over-year decline in headcount.

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. Its primary sector is Investment Tech. In India, the Investment Tech sector has seen $107M in funding in 2026 to date.

What is the annual revenue of Walnut?

Annual revenue of Walnut is between ₹100 Cr and ₹500 Cr 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

₹100 - ₹500 Cr 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	₹100 - ₹500 Cr (As on Mar 31, 2025)	287 (As on Feb 01, 2026)
AXIO DIGITAL PRIVATE LIMITED CIN: U72900PN2014PTC153050 , India, Active	Nov 10, 2014	₹100 - ₹500 Cr (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 $*****.

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	6210696	Series A	5342065	4066431	2506858	2023734
May 29, 2015	5504910	Series A	7370575	6669574	1516641	Sequoia Capital
Dec 29, 2014	7356471	Seed	3689799	6416758	Sequoia Capital	8837641

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View details of Walnut's funding rounds and investors

The founders of Walnut is Patanjali Narasimha Somayaji.

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

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
oeluxxf	Team	-	Past	4y 2m
Gaurav Dinesh Hinduja	Independent board member	-	Current	7y 10m

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	Elevation Capital, Sequoia Capital & 10 others	56/100
2nd	Monet 2017, Bengaluru (India), Unfunded	Personal financial management app	-	-	34/100
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	ArthWise 2024, Bengaluru (India), Unfunded	Provider of personalized AI-driven financial guidance and expense tracking through WhatsApp integration	-	-	17/100
10th	Qykly 2016, Noida (India), Unfunded	Expense and transactions tracking app	-	-	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	4221146	9240009	8179454	8420463
Fund	45.90%	99.9Cr	8106915	9856128	2739369	7513668
Sequoia Capital	1907316	4571761	7761123	5809884	5286817	6734840
Parent Entity	1.63%	3.55Cr	2	3	3	7
ESOP Pool	13.12%	28.5Cr	4804615	8586325	8859106	4581475
Total	100.00%	218Cr	1670324	5208903	4442184	7821019