What is MProfit Software?
MProfit Software is a comprehensive multi-asset portfolio tracking application tailored for investors, chartered accountants, and financial advisors in India. The platform facilitates the management and monitoring of diverse asset classes, including stocks, mutual funds, and bonds. It distinguishes itself through features such as auto-importing data from over 700 brokers, ensuring ease of use, affordability, and robust customer support. With a user base exceeding 200,000 sign-ups and support for more than 5,000 data formats, MProfit is dedicated to simplifying investment management for both domestic and Non-Resident Indian (NRI) investors, as well as financial professionals.
How much funding has MProfit Software raised?
MProfit Software has raised a total of $2M across 1 funding round:
Other Financing Round
$2M
Other Financing Round (2023): $2M with participation from AuXano Capital, ENAM Holdings, and Gruhas Proptech
Key Investors in MProfit Software
AuXano Capital
AuXano Capital is a business brokerage and advisory firm specializing in M&A integration, business valuation, and exit strategies for small and medium-sized businesses. They focus on maximizing selling potential and ensuring successful transactions for both buyers and sellers.
ENAM Holdings
ENAM Holdings is a principal investment group with a 30-year heritage in Indian capital markets, focusing on asset management and renewable energy. They are committed to value-based and vision-led investment philosophies.
What's next for MProfit Software?
The recent major strategic investment signifies a pivotal moment for MProfit Software, likely enabling the company to accelerate its product development roadmap, enhance its market reach, and potentially explore new technological integrations. This capital infusion is expected to fuel growth initiatives, allowing MProfit to solidify its position as a leading portfolio tracking solution in India and potentially expand its offerings to cater to a broader spectrum of financial management needs. The company's focus on user-centric features and affordability suggests a strategy geared towards sustained user acquisition and retention.
See full MProfit Software company page
