KnoDues (Simpler Everyday Concepts Pvt. Ltd.)

  • Gurgaon, India
  • FinTech, Mobile

Split expenses with friends, track dues, transfer money instantly & see what your friends are upto!

Founded:
2015
Stage:
Beta Launched
Market:
B2C

Startup Video

Featured

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With their ‘shared expenses’ app, KnoDues, IBS Hyderabad and TAPMI alumni help people manage friends | YourStory

Nov 20, 2015

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KNODUES APP TO TRACK YOUR DUES WHEN YOU’RE OUT WITH FRIENDS | DU Beat

Oct 15, 2015

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KnoDues Helps You Prevent Those Awkward Expense Management Conversations With Friends | The Tech Portal

Sep 12, 2015

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KnoDues: An App Startup to Help Keep Track of Shared Expenses | I am wire

Sep 09, 2015

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Knodues: A Product To Record, Track And Collaborate On Expenses | Office Chai

Sep 06, 2015


Founded

Incorporated as a Private Limited Company

Jul

2015

New Product Release

KnoDues App's beta version launched on Google's PlayStore

Aug

Media Coverage

KnoDues is featured on I am wire

Sep

Media Coverage

KnoDues is featured on TheTechPortal.in

Sep

Customer

1000 Customers / Users on Android

Oct

New Product Release

First major version (post beta version) of the KnoDues app launched on Android

Oct

Media Coverage

KnoDues is featured on YourStory

Nov

New Product Release

KnoDues app launched on Apple's iOS

Jan

2016

Customer

5000 Users of KnoDues on Android / Google's PlayStore

Apr

Jobs


Team Summary

(a) Saket Bagda, Co-founder; MBA (‘10-12), IBS Hyderabad;
Work Ex: Consultant – Risk Advisory, Ernst & Young (Jun’12 – Dec ’14)
(b) Sahil Sethi, Co-founder; MBA (‘10-12), TAPMI, Manipal;
Work Ex: Analyst – Credit Ratings, CRISIL Limited (Jun’12 – Oct’13)
(c) Mr. Narendra Nandal, Chief Mentor; Former Head – RuPay, NPCI
(d) Mr. Rishabh Gupta, Strategy Mentor; Co-founder, Letsintern (Acquired)
(e) Tech Team: Efficient tech team of 4 developers working across Android, iOS & Tizen platforms with strong focus on execution

Team

Founding Team

Sahil Sethi


Co-Founder

Currently: Co-Founder @ KnoDues, Past: Analyst@CRISIL Limited - Credit Ratings, Education: MBA - TAPMI Manipal (2010-12)

WORK

KnoDues (Simpler Everyday Concepts Private Limited) (2015 - present)
Co Founder

Modern Machines & Dynamic Equipments (2013 - 2015)
Managing Partner

CRISIL Limited (2012 - 2013)
Analyst

EDUCATION

T.A.PAI MANAGEMENT INSTITUTE
Master of Business Administration (M.B.A.) • 2010 - 2012

Christ University, Bangalore
Bachelor’s Degree • 2007 - 2010

Sri Bhagawan Mahaveer Jain College
High School • 2005 - 2007

Saket Bagda


Co-Founder

Co-founded @KnoDues in 2015. Worked with @Ernst & Young, India in the Advisory practice for 2.5 years. MBA in Finance from IBS Hyderabad.

WORK

KnoDues (Simpler Everyday Concepts Private Limited) (2015 - present)
Co Founder & Director

EY (2013 - 2014)
Consultant, Advisory Services

EY (2012 - 2013)
Associate Consultant, Advisory Services

EDUCATION

IBS Hyderabad
Master of Business Administration (MBA) • 2010 - 2012

Christ University, Bangalore
Bachelor of Commerce • 2007 - 2010

Sri Bhagawan Mahaveer Jain College
PUC • 2005 - 2007

Narendra Nandal


Strategic Mentor

Payments Enthusiast & Evangelist @ Stealth Mode, Country Head -Payments @ APPSDAILY SOLUTIONS PVT. LTD.

WORK

Stealth Mode (2016 - present)
Payments Enthusiast & Evangelist

APPSDAILY SOLUTIONS PVT. LTD. (2015 - 2016)
Country Head -Payments

National Payments Corporation Of India (NPCI) (2014 - 2015)
Head - RuPay

EDUCATION

Indian Institute of Management, Lucknow
PGDM • 1993 - 1995

Birla Institute of Technology and Science, Pilani
B Pharm • 1989 - 1993

Product/Service Summary

(a) KnoDues - A Smartphone App (Link: smarturl.it/KnoDues) that enables users to record expenses, split them with friends, track dues and remind friends for dues
(b) The app syncs contact book of the user and makes it very convenient to record and split expenses with friends
(c) Friends get notified immediately for any new expenses shared
(d) The app always maintains balances of who owes how much to whom
(e) KnoDues has a feature called “Groups” meant for holidays or flat-mates. All the group members can share their expenses and the app gives a real time summary of who owes how much to whom.
(f) Intends to enable easy money transfers among peers (mobile number to mobile number using UPI)

Product/Service Descriptions