mPokket, founded by Gaurav Jalan, is a rapidly growing digital lending platform in India offering instant loans to students and young professionals. Launched in 2016, mPokket addresses the urgent credit needs of millennials and first-time borrowers by providing quick and accessible micro-loans through a seamless mobile app experience. The company leverages advanced risk assessment models, data-driven insights, and an agile technology stack to ensure fast approvals and personalized credit decisions. With a mission to enable financial inclusion and empower underserved segments, mPokket continues to expand its footprint across India while maintaining a focus on profitability and customer satisfaction.
| Founding year | 2016 |
|---|---|
| Headquarters | Kolkata, India |
| Valuation | ~$250M (2023) |
| Total Funding | $75M |
| Annual Revenue | ₹280 Cr (FY24) |
| Annual Net Profit | ₹40 Cr (FY24) |
| EBITDA Margin | 18% |
| Employees | ~750 |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Seed | 2017 | $2M | Angel Investors |
| Series A | 2020 | $20M | Pravega Ventures, others |
| Series B | 2022 | $53M | New investors consortium |
mPokket recently expanded its lending portfolio and raised additional capital to accelerate growth. The company continues to onboard new users and deepen its reach across Tier 2 and Tier 3 cities in India.
| Metric | Detail |
|---|---|
| Revenue Growth | ▲ Reached ₹280 Cr in FY24 |
| Profitability | ▲ Net profit of ₹40 Cr |
| Funding | ▲ $75M raised across 3 rounds |
| Efficiency | ▲ EBITDA margin improved to 18% |
| Valuation | ▲ $250M as of 2023 |
mPokket’s sharp focus on young consumers, innovative lending solutions, and robust financial performance have fueled its rapid growth trajectory. The company is poised for further scale and market expansion.
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