About Avail Finance
Avail Finance is a company based in Bengaluru (India) founded in 2017 by Tushar Mehndiratta and Bhavish Aggarwal was acquired by Ola in March 2022.. Avail Finance has raised $38.48 million across 7 funding rounds from investors including Ola Cabs, 360 One and Alteria Capital. The company has 15 employees as of April 04, 2024. Avail Finance operates in a competitive market with competitors including Freo, Niyo, RapiPay and OneBanc Technologies, among others.
- Headquarter Bengaluru, India
- Employees 15 as on 04 Apr, 2024
- Founders Tushar Mehndiratta, Bhavish Aggarwal
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Goddard Technical Solutions Private Limited
- Date of Incorporation 15 Dec, 2016
- Jurisdiction Koramangala, Karnataka, India
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Annual Revenue
$1.43 M (USD)-44.7as on Mar 31, 2023
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Net Profit
$-4.08 M (USD)57.22as on Mar 31, 2023
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EBITDA
$-3.52 M (USD)57.32as on Mar 31, 2023
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Total Equity Funding
$38.48 M (USD)
in 7 rounds
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Latest Funding Round
$491.49 K (USD), Series B
Jun 14, 2021
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Investors
Ola Cabs
& 32 more
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Employee Count
15
as on Apr 04, 2024
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Acquired by
Ola
(Mar 25, 2022)
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Funding Insights of Avail Finance
Avail Finance has successfully raised a total of $38.48M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $491.49 thousand completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $491,488
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First Round
First Round
(30 Sep 2017)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - Avail Finance | Valuation | Alteria Capital , Stride Ventures |
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| Apr, 2021 | Amount | Debt – Venture - Avail Finance | Valuation |
investors |
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| Aug, 2020 | Amount | Series B - Avail Finance | Valuation | Alpha Wave Global |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avail Finance
Avail Finance has secured backing from 33 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ola Cabs, 360 One and Alteria Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Venture capital firm focused on growth-stage companies
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avail Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avail Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avail Finance Comparisons
Competitors of Avail Finance
Avail Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Freo, Niyo, RapiPay and OneBanc Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to individual users.
|
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| domain | founded_year | HQ Location |
Online platform for wealth management
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| domain | founded_year | HQ Location |
Agent-based payment solutions for businesses are provided.
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| domain | founded_year | HQ Location |
AI-powered online banking solutions are integrated with HR workflows.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avail Finance
Frequently Asked Questions about Avail Finance
When was Avail Finance founded?
Avail Finance was founded in 2017.
Where is Avail Finance located?
Avail Finance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Avail Finance a funded company?
Avail Finance is a funded company, having raised a total of $38.48M across 7 funding rounds to date. The company's 1st funding round was a Series B of $11.74M, raised on Sep 30, 2017.
How many employees does Avail Finance have?
As of Apr 04, 2024, the latest employee count at Avail Finance is 15.
What is the annual revenue of Avail Finance?
Annual revenue of Avail Finance is $1.43M as on Mar 31, 2023.
What does Avail Finance do?
Avail Finance was founded in 2017 in Bengaluru, India, as a neobank targeting individuals, particularly blue-collar workers. Debit cards, money transfers, and bill payments are provided via an Android app. Salary accounts and personal loans are facilitated, with tools for documentation and disbursal integrated into the platform. Operations focus on accessible financial services in the fintech sector.
Who are the top competitors of Avail Finance?
Avail Finance's top competitors include Freo, Niyo and OneBanc Technologies.
Who are Avail Finance's investors?
Avail Finance has 33 investors. Key investors include Ola Cabs, 360 One, Alteria Capital, Stride Ventures, and Alpha Wave Global.
What is Avail Finance's valuation?
The valuation of Avail Finance is $68.09M as of Jun 2021.