About ClearMyDues
ClearMyDues is a Financial Services company based in Delhi (India) founded in 2014 by Madanagopal Srinivasan. Settlement offers to creditors are enabled through a web platform. ClearMyDues has raised $878.33 thousand across 4 funding rounds from investors including Italica, 1Crowd and United Capital PLC Group. The company has 447 employees. ClearMyDues was last valued at $2.82 million in January 2018. Its focus areas include FinTech, Alternative Lending, Consumer Debt Management and Credit Score Management. Its legal entity is Creditas Solution Private Limited.
Company details
Web platform that enables customers to directly make settlement offers to their creditors. It provides basic details for the card or loan they want to close and get deals from creditors through the platform. The online portal aids users to pay the dues with the company helping with the paperwork and bureau record updates. ClearMyDues gets the account verified from the creditor and provides the user with updated account details, including balances. Founded by IIT Delhi, IIM Ahmedabad alumni.
- Headquarters Delhi, India
- Employees 447
- Founders Madanagopal Srinivasan
- Stage Minicorn
- SectorsFinancial Services
- Website clearmydues.com
- Social LinkedIn X Facebook
- Legal Name Creditas Solution Private Limited
- Annual Revenue$4.26 M (USD)17as on Mar 31, 2024
- Net Profit-$633.54 K (USD)42as on Mar 31, 2024
- EBITDA-$107.21 K (USD)88as on Mar 31, 2024
- Total Equity Funding$878.33K (USD)
in 4 rounds
- Latest Funding Round$69.4K (USD), Angel Round
Jan 2018
- InvestorsItalica
& 50 more
- Employee Count447
Funding Insights of ClearMyDues
ClearMyDues has successfully raised a total of $878.33K across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $69.4 thousand completed in January 2018. 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 $878,334
- Total Rounds 4
- Last Round Angel Round — $69,395
- First Round $30,504
(Mar 2016)
- Investors Count 51
All 4 funding rounds of ClearMyDues 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 |
|---|---|---|---|---|---|
| Jan 2018 | $69,395 | Angel Round | $2.82M | Neeraj Dhawan | |
| Jun 2017 | $542,150 | Seed | $2.56M | Infina Finance | |
| Sep 2016 | $236,285 | Seed | $••••• | Anirudh Malpani | |
| Mar 2016 | $30,504 | Angel Round | $••••• | Sandeep Singh, Kunal Agarwal |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2018 | $2.82M | •••••••• |
| Jun 2017 | $2.56M | •••••••• |
| Sep 2016 | $••••• | •••••••• |
| Mar 2016 | $••••• | •••••••• |
Full valuation and stage history of ClearMyDues
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $2.82M (Jan 2018). 51 investors in total: 6 institutional and 45 angel.
Investors in ClearMyDues
ClearMyDues has secured backing from 51 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Italica, 1Crowd and United Capital PLC Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services involving loans against assets and corporate financing in India. | 2019 | infina.co.in | Mumbai, India | |
Early-stage venture capital investment firm | 2015 | 1crowd.co | Mumbai, India | |
Private equity investments are directed toward multiple sectors. | Mumbai, India | |||
Investment holding company | 1964 | unitedcapitalplcgroup.com | Lagos, Nigeria | |
Italica is engaged in manufacturing and selling plastic furniture. | 1992 | italica.com | Mumbai, India | |
Limited information is available regarding HHC Holdings' core activities. | Oldsmar, United States | |||
ND Neeraj Dhawan | unknown_0eca7de9f326497fb | |||
PD Puja Dhawan | unknown_e83d83fc3c01480e8 | |||
AM Anirudh Malpani | Angel investor, IVF specialist, and founder of Malpani Infertility Clinic. | unknown_2ad4c66fbf1e454da | ||
SS Srinivasan Subramanian | Angel investor, ex-entrepreneur, focused on tech startups in India. | unknown_791d94ca1ca046589 |
Investor details for ClearMyDues
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ClearMyDues
1 people are tracked at ClearMyDues (1 in leadership); the tracked headcount is 447.
| Name | Role | Group |
|---|---|---|
Madanagopal Srinivasan | Co-Founder | Leadership |
Complete people profiles for ClearMyDues
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ClearMyDues
4 dated milestones of ClearMyDues across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ClearMyDues is founded.
- Funding First funding round of $31K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $69K.
Top companies in Alternative Lending
3 companies that operate in the same segment as ClearMyDues (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 185.7 M | 2,787 |
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Frequently Asked Questions about ClearMyDues
ClearMyDues was founded in 2014 and raised its 1st funding round 2 years after it was founded.
ClearMyDues is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
ClearMyDues is a funded company, having raised a total of $878.33K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $30.5K, raised on Mar 2016.
ClearMyDues has 447 employees.
Annual revenue of ClearMyDues is $4.26M as on Mar 31, 2024.
Web platform that enables customers to directly make settlement offers to their creditors. It provides basic details for the card or loan they want to close and get deals from creditors through the platform. The online portal aids users to pay the dues with the company helping with the paperwork and bureau record updates. ClearMyDues gets the account verified from the creditor and provides the user with updated account details, including balances. Founded by IIT Delhi, IIM Ahmedabad alumni.
ClearMyDues has 51 investors. Key investors include Italica, 1Crowd, United Capital PLC Group, Infina Finance, and Neeraj Dhawan.
The valuation of ClearMyDues is $2.82M as of Jan 2018.
ClearMyDues operates through Creditas Solution Private Limited.