About axio
axio is a company based in Bengaluru (India) founded in 2013 by Sashank Rishyasringa and Gaurav Hinduja was acquired by Amazon in September 2025. axio has raised $205.92 million across 13 funding rounds from investors including Amazon, Northern Arc Capital and Mahindra. The company has 499 employees as of April 30, 2025. axio has completed 1 acquisition, including axio. axio operates in a competitive market with competitors including Finnable, ZestMoney, Simpl, PayJoy and Snapmint, among others.
- Headquarter Bengaluru, India
- Employees 499 as on 30 Apr, 2025
- Founders Sashank Rishyasringa, Gaurav Hinduja
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
$3.93 M (USD)116as on Mar 31, 2024
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Net Profit
-$44.6 M (USD)-8as on Mar 31, 2024
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EBITDA
-$44.58 M (USD)-8as on Mar 31, 2024
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Total Equity Funding
$205.92 M (USD)
in 13 rounds
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Latest Funding Round
$20 M (USD), Series F
Aug 22, 2024
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Investors
Amazon
& 22 more
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Employee Count
499
as on Apr 30, 2025
- Investments & Acquisitions
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Acquired by
Amazon
(Sep 04, 2025)
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Funding Insights of axio
axio has successfully raised a total of $205.92M across 13 strategic funding rounds. The most recent funding activity was a Series F round of $20 million completed in August 2024. 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 axio
axio has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Amazon, Northern Arc Capital and Mahindra.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm backed by Amazon focused on agritech and healthtech sectors
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Venture debt funding and structured finance for innovative startups in India.
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Early-stage companies in fintech and multiple sectors are invested in.
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Investor details for axio
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Investments & Acquisitions by axio
axio has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include axio.
Investment portfolio details for axio
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Personal SMS inbox assistant and mobile expense tracker provided.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for axio
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Financial Statements - axio
Detailed financials for axio
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Axio Comparisons
Peer comparison for axio
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Competitors of axio
axio 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 Finnable, ZestMoney, Simpl, PayJoy and Snapmint, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online personal loans with minimal documentation are offered digitally.
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Online platform offering point-of-sale financing
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An online platform for purchase financing is provided by Simpl.
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Online platform for purchase financing
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No-credit-card EMI solutions for online purchases are provided.
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Detailed competitors of axio
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Latest news on Axio
Complete news archive for axio
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Frequently Asked Questions about axio
axio was founded in 2013 and raised its 1st funding round 1 year after it was founded.
axio is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
axio is a funded company, having raised a total of $205.92M across 13 funding rounds to date.
As of Apr 30, 2025, the latest employee count at axio is 499.
Annual revenue of axio is $3.93M as on Mar 31, 2024.
Axio was founded in 2013 in Bengaluru, India, to deliver an online lending platform focused on point-of-sale financing. Services such as buy now pay later options and credit facilities are extended to consumers. Personal finance management tools are included for users. Businesses are supported in onboarding customers and handling sales processes. The platforms app operates on Android and iOS devices within the fintech sector.
axio has made 1 acquisition, including axio.
axio has 23 investors. Key investors include Amazon, Northern Arc Capital, Mahindra, Triodos Bank, and Peak XV Partners.
The valuation of axio is $200.52M as of Sep 2021.