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
Locked
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Website
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Social
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- 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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People of Avail Finance
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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.
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.
| 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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Venture capital firm focused on growth-stage companies
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Venture capital investment firm
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Investor details for Avail Finance
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Investments & Acquisitions by Avail Finance
Investment portfolio details for Avail Finance
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Financial Statements - Avail Finance
Detailed financials for Avail Finance
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Avail Finance Comparisons
Peer comparison for Avail Finance
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Digital banking services are offered to individual users.
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Online platform for wealth management
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Agent-based payment solutions for businesses are provided.
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AI-powered online banking solutions are integrated with HR workflows.
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Detailed competitors of Avail Finance
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Latest news on Avail Finance
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Frequently Asked Questions about Avail Finance
Avail Finance was founded in 2017.
Avail Finance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Avail Finance is a funded company, having raised a total of $38.48M across 7 funding rounds to date.
As of Apr 04, 2024, the latest employee count at Avail Finance is 15.
Annual revenue of Avail Finance is $1.43M as on Mar 31, 2023.
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.
Avail Finance's top competitors include Freo, Niyo and OneBanc Technologies.
Avail Finance has 33 investors. Key investors include Ola Cabs, 360 One, Alteria Capital, Stride Ventures, and Alpha Wave Global.
The valuation of Avail Finance is $68.09M as of Jun 2021.