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
Where is the revenue model??
The revenue of Okcredit is $2 million.
Sir,
Im one of user of this application, i want know that how okcredit makes revenue from this.