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BROKENTUSK TECHNOLOGIES PRIVATE LIMITED

Setu

U74999KA2018PTC116465

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₹1,999.00 ₹3,998.00
Suggest Edit Last updated: Jan 17, 2025
Key Metrics
  • No. of Employees130
  • Founded Year 2018
  • Company StagePrivate Limited Company
  • Total Funding₹139.4 Cr
  • Industry

  • Headquarter
  • Company StatusAcquired
About Setu
Setu is an application programming interface (API) infrastructure start-up, which offers APIs across bill payments, savings, credit, and payments. Setu’s APIs and software is used by hundreds of businesses to reimagine onboarding, payments, deposits, lending, and data empowerment for their end customers.
Business Model

Setu is Fintech focused software maker which is an open source initiative to understand and enhance the financial lives of Bharat that embrace financial inclusion at the grass root level. In 2022, the API infrastructure app is acquired by Merchant commerce platform Pine Labs at around $70 million

Top Competitors
MF
M2p FintechU72900TN2014PTC098036
Setu Funding Details
Funding Highlights
Latest Funding RoundSeries A
Total Funding Raised₹139.4 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors2
Investors
  • Lightspeed Venture Partners, Alpha Wave
Note:

Valuation as on April 14, 2020

Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
Setu Financial Details
Financial Highlights
FY 2023-24 Revenue₹36.72 Cr
FY 2023-24 Expenses₹77.91 Cr
FY 2023-24 Profit/Loss-₹41.19 Cr
Net Cash Flow From Operations-₹23.23 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
Setu Key People
People Metrics
Current Core Team2
Board Members/Directors3

Core Team

SK
Sahil KiniCo-Founder & CEO
NK
Nikhil KumarCo-Founder

Board Members/Directors

RK
RITESH KHETANDirector
SR
SAHIL RAMANATH KINIDirector
GS
GEETIKA SINGHDirector
Setu Documents

AY - 2018-19

Profit and Loss statement - Setu - 2018-19.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Setu for FY 2018-19.
₹249.00 ₹498.00
Balance Sheet - Setu - 2018-19.pdf
TheKredible's experts has summarized the Balance Sheet of Setu for FY 2018-19.
₹249.00 ₹498.00

AY - 2019-20

Profit and Loss statement - Setu - 2019-20.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Setu for FY 2019-20.
₹249.00 ₹498.00
Balance Sheet - Setu - 2019-20.pdf
TheKredible's experts has summarized the Balance Sheet of Setu for FY 2019-20.
₹249.00 ₹498.00

AY - 2020-21

Profit and Loss statement - Setu - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Setu for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - Setu - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of Setu for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and Loss statement - Setu - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Setu for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - Setu - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of Setu for FY 2021-22.
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - Setu - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Setu for FY 2022-23
₹249.00 ₹498.00
Balance sheet - Setu - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of Setu for FY 2022-23
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - Setu - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Setu for FY 2023-24
₹249.00 ₹498.00
Balance sheet - Setu - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of Setu for FY 2023-24
₹249.00 ₹498.00

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