OKCREDIT CASE STUDY

OKCREDIT CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE, INVESTORS

Founders (from left) Harsh Pokharna, Gaurav Kumar and Aditya Prasad

OKCREDIT BUSINESS MODEL

OKcredit startup is based on record of Udhar or Jama. OKcredit help small merchants to degitize there accounting and credit balance recording. basically Okcredit is helping to reduce burden of maintaining and accounting paper account books.

STORY BEHIND THE IDEA

Three Entrepreneurs Harsh Pokhran, Gaurav Kumar and Aditiya Prasad realized a very common and interesting problem , it was 2017 they were living in Arekere, Bengaluru, their daily interaction was with some grocery stores it made them realise that most of the accounting and credit given by these shopkeepers was recorded on papers that could easily be lost or misplaced. this what led them for the idea to digitalis the credit balance recording solution.   

FUNDING

Total Okcredit funding is $84.2 million

13 September 2019 Okcredit raised $67 million in Series B led by Light speed & Tiger Global.

10 June 2019 Okcredit raised $15.5 million in Series A led by Tiger Global and Y combinator.

22 August 2018 Okcredit raised $1.7 million seed funding.    

INVESTORS

Light Speed, Tiger Global, Y Combinator and Ventures Highway.

COMPETITORS

PAYMATE, KHATABOOK, RAZORPAY AND VYAPER

DISCOVER

REVENUE OF OKCREDIT: $2 million

FOUNDED: April 2017

HEADQUATERS: Faridabad, Haryana.

EMPLOYEE : 30

CITIES: 2000, in India.

ACTIVE MERCHANTS: 7 million +

MONTHLY WEBSITE VISITORS: 8 lack

DOWNLOADS: 10 million+

PLAY STORE RATING: 4.6+

LOCAL LANGUAGES: 10+

 

APP

Okcredit application is available on playstore with rating 4.6+, which is easy to use. you can send free SMS to customers, send payment reminders, full data backup available also. you can check and record credit/payment without internet connection, send cutomer summary, payment reminder on whatsapp.

FACILITIES

 

DIGITAL KHATA

OTP SECURE

FREE SMS UPDATES

BACKUP GUARANTEE 

Thanks for reading

OKCREDIT CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE, INVESTORS

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