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.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series F — $20.0M
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First Round
First Round
(25 Jun 2014)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series F - axio | Valuation | ASVF |
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| Apr, 2024 | Amount | Debt – Venture - axio | Valuation |
investors |
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| Sep, 2021 | Amount | Series E - axio | Valuation | Peak XV Partners |
| 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 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. 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 capital firm backed by Amazon focused on agritech and healthtech sectors
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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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Early-stage companies in fintech and multiple sectors are invested in.
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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 axio
axio has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include axio. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - axio
| 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 |
Axio Comparisons
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. 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 |
Online personal loans with minimal documentation are offered digitally.
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| domain | founded_year | HQ Location |
Online platform offering point-of-sale financing
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| domain | founded_year | HQ Location |
An online platform for purchase financing is provided by Simpl.
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| domain | founded_year | HQ Location |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
No-credit-card EMI solutions for online purchases are provided.
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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 Axio
Frequently Asked Questions about axio
When was axio founded?
axio was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is axio located?
axio is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is axio a funded company?
axio is a funded company, having raised a total of $205.92M across 13 funding rounds to date. The company's 1st funding round was a Series E of $50M, raised on Jun 25, 2014.
How many employees does axio have?
As of Apr 30, 2025, the latest employee count at axio is 499.
What is the annual revenue of axio?
Annual revenue of axio is $3.93M as on Mar 31, 2024.
What does axio do?
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.
How many acquisitions has axio made?
axio has made 1 acquisition, including axio.
Who are axio's investors?
axio has 23 investors. Key investors include Amazon, Northern Arc Capital, Mahindra, Triodos Bank, and Peak XV Partners.
What is axio's valuation?
The valuation of axio is $200.52M as of Sep 2021.
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