ZenStatement - About the company
ZenStatement is a seed company based in Bengaluru (India), founded in 2023 by Ankit Narsaria. It operates as an AI-powered cashflow management platform for enterprises. ZenStatement has raised $1.62M in funding from investors like BoldCap, 3one4 Capital and Smile Group, with a current valuation of ₹*****. The company has 3196 active competitors, including 246 funded and 187 that have exited. Its top competitors include companies like Ramp, Intuit and Vyapar.
Company Details
AI-powered cashflow management platform for enterprises. It offers features such as automated accounts payable and receivable along with integration capabilities with banks and enterprise resource planning systems. Users can monitor their cash inflows and outflows in real-time, providing immediate insights into their financial position.
- Website
- zenstatement.com
- Email ID
- *****@getsimplifin.com
- Registered Address
- A003, SALARPURIA SATTVA, MAGNIFICIA DOORAVANINAGAR, Doorvaninagar, Bangalore, Bangalore North, Karnataka, India, 560016
Key Metrics
Founded Year
2023
Location
Bengaluru, India
Stage
Seed
Total Funding
$1.62M in 1 round
Latest Funding Round
Post Money Valuation
₹***** as on Nov 05, 2024
Ranked
161st among 3196 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
27 as on May 31, 2026
Legal entities associated with ZenStatement
ZenStatement is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
GETSIMPLIFIN TECHNOLOGIES PRIVATE LIMITED CIN: U62091KA2023PTC179007 , India, Active | Sep 22, 2023 | $0 - $1M (As on Mar 31, 2025) | 29 (As on Mar 01, 2026) |
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ZenStatement's funding and investors
ZenStatement has raised a total funding of $1.62M over 1 round. Its latest funding round was a Seed round on Mar 26, 2024 for $*****. 52 investors participated in its latest round. ZenStatement has 12 institutional investors and 40 angel investors.
Here is the list of recent funding rounds of ZenStatement:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 26, 2024 | 4766804 | Seed | 2152466 | 6963524 | 7381828 | 7134685 |
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ZenStatement's founders and board of directors
Founder? Claim ProfileThe founders of ZenStatement is Ankit Narsaria. Sourabh Nolkha is the CEO of ZenStatement.
Here are the details of ZenStatement's key team members:
- Ankit Narsaria: Co-Founder of ZenStatement and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
ZenStatement's Board of Directors
ZenStatement's board has 2 active members. Ankit Narsaria and Sourabh Nolkha are part of team.Here is the list of ZenStatement's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 2y 0m | |
Team | - | Current | 2y 8m |
View details of ZenStatement's Founder profiles and Board Members
ZenStatement's employee count trend
ZenStatement has 27 employees as of May 26. Here is ZenStatement's employee count trend over the years:
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ZenStatement's Competitors and alternates
Top competitors of ZenStatement include Ramp, Intuit and Vyapar. Here is the list of Top 10 competitors of ZenStatement, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Ramp 2019, New York City (United States), Series F | Provider of a platform for spend management, corporate cards, and payables | $3.19B | 85/100 | |
2nd | Intuit 1983, Mountain View (United States), Public | Provider of financial, accounting, tax preparation, and marketing automation software | - | 83/100 | |
3rd | Provider of GST billing, inventory, and accounting software for small businesses | $35.9M | 80/100 | ||
4th | Cloud-based financial management and accounting software platform | $442M | 77/100 | ||
5th | Online accounting and invoicing solutions for SMBs | $40.9M | 77/100 | ||
6th | FreeAgent 2007, Edinburgh (United Kingdom), Acquired | Cloud-based accounting software for small businesses, freelancers, and accountants | $21.9M | 77/100 | |
7th | Xero 2006, Wellington (New Zealand), Public | Provider of accounting software and related tools for business management | - | 75/100 | |
8th | Web-based accounting software for businesses | $82.4M | 74/100 | ||
9th |  Sage 1981, Newcastle Upon Tyne (United Kingdom), Public | Provider of cloud-based enterprise software solutions for accounting, finance, and people management | - | 72/100 | |
10th | Digits 1995, San Francisco (United States), Acquired | SMS based customer authentication and verification service | $97.5M | 69/100 | |
161st |  ZenStatement 2023, Bengaluru (India), Seed | AI-powered cashflow management platform for enterprises | $1.62M | 42/100 |
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ZenStatement's Latest cap tables and shareholding
Founders (largest shareholder) own 59.52%, Funds own 19.55%, Enterprises own 6.57% and Angels own 4.50%. The net worth of ZenStatement's founders is INR 26.2Cr as of Nov 05, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 59.52% | 26.2Cr | 3861772 | 1905768 | 1265970 | 5669419 |
4 | 3 | 2 | 7 | 7 | 1 | |
Fund | 19.55% | 8.6Cr | 8340370 | 8719918 | 9115078 | 1632281 |
2649137 | 3441150 | 6737693 | 8642206 | 3513932 | 6081633 | |
3660987 | 6062290 | 3841519 | 8567916 | 5318302 | 9511823 | |
Enterprise | 6.57% | 2.89Cr | 156817 | 903930 | 485956 | 477734 |
Angel | 4.50% | 1.98Cr | 4768 | 1019 | 1181 | 8010 |
Other People | 0.01% | 23.6K | 0 | 0 | 0 | 0 |
ESOP Pool | 9.85% | 4.33Cr | 2814668 | 1812857 | 1964517 | 1835160 |
Total | 100.00% | 44Cr | 6257969 | 7944742 | 8194975 | 5021896 |
To unlock detailed Cap Table of ZenStatement Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of ZenStatement's Shareholding
ZenStatement's Investments and acquisitions
ZenStatement has made no investments or acquisitions yet.
Reports related to ZenStatement
Here is the latest report on ZenStatement's sector:
News related to ZenStatement
•
ZenStatement Raises $1.62 Million in Seed Round led by 3One4 Capital and Boldcap VCOutlook Business•Oct 09, 2024•ZenStatement, 3one4 Capital, BoldCap, and 2 others
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