About axio
axio is a Financial Services company based in Bengaluru (India) founded in 2013 by Sashank Rishyasringa and Gaurav Hinduja, and was acquired by Amazon in September 2025. An online lending platform for point-of-sale financing is provided. It operates in the Financial Services and Technology sectors. axio has raised $205.92 million across 13 funding rounds from investors including Amazon, Northern Arc Capital and Mahindra. The company has 499 employees. axio has completed 1 acquisition, including axio. axio was last valued at $200.52 million in September 2021. Its website axio.co.in draws about 64 thousand monthly visits. Its Indian entity Axio Digital Private Limited reported revenue of ₹113 Cr. Its focus areas include Consumer and SME Loans, Consumer Loans, Personal Loans and Internet-First. Its competitors include Finnable, ZestMoney and Simpl; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 499
- Founders Sashank Rishyasringa, Gaurav Hinduja
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Email••••••••
- Website axio.co.in
- Social LinkedIn X Facebook
- Acquired by Amazon (Sep 2025)
- Legal Name Axio Digital Private Limited
- Date of Incorporation 10 Nov, 2014
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹113 Cr
FY 2025 · +40% YoY
- Net Profit₹24.81 Cr
FY 2025 · 22% margin
- EBITDA₹38.83 Cr
FY 2025 · 34% margin
- Total Equity Funding$205.92M (USD)
in 13 rounds
- Latest Funding Round$20M (USD), Series F
Aug 2024
- InvestorsAmazon
& 22 more
- Employee Count499
- Investments & Acquisitions
- Acquired byAmazon
(Sep 2025)
Associated legal entities of axio
axio is associated with 2 registered companies on The Company Check; the primary company is Axio Digital Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Axio Digital Private Limited CIN U72900PN2014PTC153050 | Active | 10 Nov 2014 | Pune, Maharashtra | ₹113 Cr | 175 | 3 | View details |
| Capfloat Financial Services Private Limited CIN U65993KA1993PTC074590 | Active | 06 Oct 1993 | Bangalore, Karnataka | ₹384 Cr | 357 | 10 | View details |
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 $205.92M
- Total Rounds 13
- Last Round Series F — $20M
- First Round $2.99M
(Jun 2014)
- Investors Count 23
Latest 10 of 13 funding rounds of axio with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2024 | $20M | Series F | – | ASVF | – |
| Apr 2024 | $6M | Debt – Venture | – | – | |
| Sep 2021 | $50M | Series E | $200.52M | Peak XV Partners | |
| Jun 2021 | $6.86M | Debt – Conventional | – | – | |
| Oct 2019 | $15M | Series D | $340.95M | – | |
| Apr 2018 | $7.64M | Debt – Conventional | – | – | |
| Apr 2018 | $80M | Debt – Conventional | – | – | – |
| Apr 2018 | $33.7M | Series C | – | Amazon | |
| Aug 2017 | $45.76M | Series C | $••••• | Ribbit Capital | |
| Feb 2017 | $5.5M | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $200.52M | •••••••• |
| Oct 2019 | $340.95M | •••••••• |
| Aug 2017 | $••••• | •••••••• |
| May 2016 | $••••• | •••••••• |
| Feb 2015 | $••••• | •••••••• |
| Jun 2014 | $••••• | •••••••• |
Full valuation and stage history of axio
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $200.52M (Sep 2021). 23 investors in total: 16 institutional and 7 angel.
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 |
|---|---|---|---|---|
Venture capital firm backed by Amazon focused on agritech and healthtech sectors | asvf.in | Seattle, United States | ||
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Impact investing in emerging markets through private equity and credit services. | 2007 | creationinvestments.com | Chicago, United States | |
Single family office of Dinesh Hinduja Family | ||||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Venture capital funding is provided to innovative startups in India. | Mumbai, India | |||
Private equity firm focused on healthcare, renewable energy, education, and other sectors | 2019 | lr-india.com | Bengaluru, India | |
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Diversified investment portfolios are managed for various clients. | triodos-im.com | Driebergen Rijsenburg, Netherlands |
Investor details for axio
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Board of directors of Axio Digital Private Limited (axio)
Axio Digital Private Limited is the primary company behind axio. The boards of the 2 registered companies of axio currently have 8 directors; the longest-serving is Gaurav Dinesh Hinduja, appointed in 2013. 34 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Dinesh Hinduja DIN 01264801 | Director | 21 Oct 2013 | 13 yrs | Capfloat Financial Services Private Limited, Axio Digital Private Limited |
| Sashank Ramasubban Rishyasringa DIN 06466985 | Director | 21 Oct 2013 | 13 yrs | Capfloat Financial Services Private Limited, Axio Digital Private Limited |
| Venkataraman Murali DIN 02820596 | Director | 29 Jun 2019 | 7 yrs 4 mo | Capfloat Financial Services Private Limited |
| Mahendra Jaywant Nerurkar DIN 08055586 | Director | 03 Sep 2025 | 1 yr 2 mo | Capfloat Financial Services Private Limited |
| Mahavir Jindal DIN 09752413 | Director | 03 Sep 2025 | 1 yr 2 mo | Capfloat Financial Services Private Limited |
| Nirav Ashwin Kamdar DIN 10837660 | Director | 03 Sep 2025 | 1 yr 2 mo | Capfloat Financial Services Private Limited |
| Preetham Nagaraja Murthy DIN 08716895 | Director | 11 Sep 2025 | 1 yr 1 mo | Capfloat Financial Services Private Limited |
| Mohamed Salim Asaria DIN 08880222 | Director | 30 Sep 2025 | 1 yr 1 mo | Capfloat Financial Services Private Limited |
People of axio
39 people are tracked at axio (17 in leadership, 22 in team); the tracked headcount is 499.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Managing Director | Leadership | |
| Co-Founder & Managing Director | Leadership | |
Surbhi Jhunjhunwala | Vp, Credit Risk | Leadership |
Sahana Kodagali | Associate Vice President Content & Community | Leadership |
Sonam Jalan | Senior Vice President | Leadership |
Nelson Fernandes | Vice President-direct Sales | Leadership |
Rajath Kumar | Vice President Marketing | Leadership |
Akshay Sarma | Chief Financial Officer | Leadership |
Kunal Patil | Director Of Engineering | Leadership |
Karthik Hariharan | Senior Vice President Marketing | Leadership |
Anirudh Parui | Director Of Engineering | Leadership |
Sujay Kumar | Assistant Vice President Human Resources | Leadership |
Patanjali Somayaji | Chief Technology Officer | Leadership |
Chhaya Sharma | Senior Vice President - Head Of HR | Leadership |
Shyam Kundapurkar | Head, Decision Sciences | Leadership |
Veenu Arora | Director - Engineering | Leadership |
Aditya Laghate | Director - Engineering | Leadership |
Jaiesh Jain | Senior Manager - Credit Risk | Team |
Alpana Shekhar | Strategy Analyst | Team |
Pradosh Ranjan Bairishal | Senior Engineering Manager | Team |
19 more people are available in the full profile.
Complete people profiles for axio
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Financials of axio
Figures of Axio Digital Private Limited, the primary company behind axio, for FY 2025. Revenue was ₹113 Cr (+40% year on year). Net profit was ₹24.81 Cr (22% margin). EBITDA was ₹38.83 Cr (34% margin). Revenue has grown at a compounded annual rate of +82% over three years and +125% over five years.
- ₹113 CrRevenue · FY 2025 · +40% YoY
- ₹24.81 CrNet profit · 22% margin
- ₹38.83 CrEBITDA · 34% margin
- ₹13.85 CrPaid-up capital
- 175Employees (provident fund records)
- +82%Revenue CAGR, 3 years
- +125%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Axio Digital Private Limited are on its company page.
Detailed financial statements 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Personal SMS inbox assistant and mobile expense tracker provided. | getwalnut.com | Pune, India | 2014 | Aug 2018 | $30M |
Complete acquisition details for axio
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Timeline of axio
6 dated milestones of axio across 12 years, from founding to its latest funding, stage changes and deals.
Competitors of axio
axio has 3 listed competitors in our database, 3 of them funded. They include Finnable, ZestMoney and Simpl.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| finnable.com | 2015 | Bengaluru, India | $33.9M | 1,409 | Online personal loans with minimal documentation are offered digitally. | |
| zestmoney.in | 2015 | Delhi, India | $151.12M | 21 | Online platform offering point-of-sale financing | |
| getsimpl.com | 2015 | Bengaluru, India | $47.47M | 144 | An online platform for purchase financing is provided by Simpl. |
Detailed competitors of axio
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Web traffic of axio
The website of axio (axio.co.in) receives about 63.6K visits a month.
- Monthly visits63.6K
▼ 13.1% vs previous month
Websites whose visitors overlap most with axio. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bhimupi.org.in | 100% | 737.6K | #98,665 | View details | |
| airpay.co.in | 100% | 1M | #111,713 | View details | |
| getswipe.in | 100% | 649.9K | #54,137 | View details | |
| hdfcbank.com | 66% | 54.1M | #641 | View details | |
| kbnbfc.in | 60% | 471.7K | #110,050 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for axio
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as axio (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Related news about 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. The company's 1st funding round was a Debt – Conventional of $5.5M, raised on Jun 2014.
axio has 499 employees.
The primary company behind axio, Axio Digital Private Limited, reported revenue of ₹113 Cr for FY 2025, up 40% year on year.
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.
axio is associated with 2 legal entities: Axio Digital Private Limited, Capfloat Financial Services Private Limited.
Yes. axio was acquired by Amazon in September 2025.