by THE JOURNEY OF Onecard
OneCard was founded in 2019 by Rupesh Kumar and Anurag Sinha, both former executives at Capital One.
In August 2019, the company raised $1 million in seed funding from investors including Sequoia India’s Surge, and AngelList India.
In December 2019, OneCard launched its credit card product, which is targeted towards millennials and young professionals.
In February 2020, OneCard raised $10 million in a Series A funding round led by Sequoia Capital India, with participation from existing investors.
In June 2020, OneCard launched its mobile app, which allows users to manage their credit card accounts, track their spending, and make payments.
In October 2020, OneCard partnered with Visa to offer its customers enhanced security features and seamless international transactions.
In March 2021, OneCard introduced a new feature that allows users to convert their credit card spending into EMIs (Equated Monthly Installments) in real time.
In April 2021, OneCard announced that it had raised $25 million in a Series B funding round led by Sequoia Capital India, with participation from existing investors.
In August 2021, OneCard launched a new feature that allows users to earn cashback on their credit card spending, which can be used to pay off their outstanding balance.
In March 2022, OneCard announced that it had surpassed 1 million users on its platform.
As of 2023, OneCard continues to expand its credit card offerings and introduce new features for its customers.
It’s worth noting that the timeline above is a rough approximation and some details may vary depending on the source of information.
Stats of Onecard as of 2023:
- Founded: 2019
- Founders: Rupesh Kumar and Anurag Sinha
- Funding: OneCard has raised $36 million in funding over two funding rounds, as of April 2021. Its investors include Sequoia Capital India, AngelList India, and Surge.
- Valuation: OneCard’s valuation is not publicly disclosed.
- Product: OneCard is a credit card product that offers features such as real-time EMI conversion, cashback rewards, and enhanced security.
- Users: As of March 2022, OneCard has surpassed 1 million users on its platform.
- Partnerships: OneCard has partnered with Visa to offer enhanced security features and seamless international transactions.
- Recognition: OneCard was named one of the Top 10 Startups in India by LinkedIn in 2020, and was also featured in the list of Fast Company’s Most Innovative Companies in India in 2021.
- Team: OneCard has a team of over 100 employees, as of 2021.
- Revenue: OneCard’s revenue is not publicly disclosed, but the company aims to reach profitability in the near future.
As of 2023, OneCard continues to grow and expand its credit card offerings in India.
These statistics are based on public information available and may change over time.
