About Credit Fair
Credit Fair is a company based in Mumbai (India) founded in 2018 by Vikas Agarwal and Aditya Damani. It operates as a Commission-Based. Credit Fair has raised $26.81 million across 8 funding rounds from investors including InCred, Vivriti Capital and State Bank of India. Credit Fair offers products and services including Rooftop Solar Loan, Residential Solar Loan, MSME Solar Loan, and Housing Society Solar Loan. Credit Fair operates in a competitive market with competitors including FlexiLoans, Clix Capital, InCred, DMI Finance and Niyogin, among others.
- Headquarter Mumbai, India
- Founders Vikas Agarwal, Aditya Damani
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name K. M. Global Credit Private Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.81 M (USD)
in 8 rounds
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Latest Funding Round
$5 M (USD), Debt – Conventional
Feb 19, 2025
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Investors
InCred
& 54 more
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Employee Count
Employee Count
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Products & Services of Credit Fair
Credit Fair offers a comprehensive portfolio of products and services, including Rooftop Solar Loan, Residential Solar Loan, MSME Solar Loan, and Housing Society Solar Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loans for solar installations are provided to customers.
Solar loans for homes are offered with affordability.
Solar financing for businesses is facilitated to save costs.
Community solar loans are provided for sustainable living.
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Manager Team
1 people
Founder Team
1 people
Finance and Accounting
1 people
Software Development Team
1 people
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Funding Insights of Credit Fair
Credit Fair has successfully raised a total of $26.81M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5 million completed in February 2025. 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 8
- Last Round Debt – Conventional — $5.0M
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First Round
First Round
(11 Jun 2021)
- Investors Count 55
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Debt – Conventional - Credit Fair | Valuation |
investors |
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| Nov, 2024 | Amount | Seed - Credit Fair | Valuation | Nueva Capital | |
| Mar, 2024 | Amount | Seed - Credit Fair | Valuation | Nueva Capital |
| 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 Credit Fair
Credit Fair has secured backing from 55 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include InCred, Vivriti Capital and State Bank of India. 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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Impact investing is managed through private equity by Symbiotics Group.
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Founded Year | Domain | Location | |
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Investment in India's startup ecosystem through private market funds and asset management.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to Indian startups.
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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 Credit Fair
| 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 |
Financial Statements - Credit Fair
| 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 |
Credit Fair Comparisons
Competitors of Credit Fair
Credit Fair 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 FlexiLoans, Clix Capital, InCred, DMI Finance and Niyogin, 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 |
Business loans and financial products for MSMEs are provided.
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| domain | founded_year | HQ Location |
Lending platform for consumers and businesses is provided.
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| domain | founded_year | HQ Location |
Financial services are provided, specializing in personal and business loans.
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| domain | founded_year | HQ Location |
Personal, MSME, consumption, and EV loans are provided digitally.
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| domain | founded_year | HQ Location |
Online lending marketplace for business loans
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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 Credit Fair
Frequently Asked Questions about Credit Fair
When was Credit Fair founded?
Credit Fair was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Credit Fair located?
Credit Fair is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Credit Fair?
Aditya Damani is the current CEO of Credit Fair. They have also founded this company.
Is Credit Fair a funded company?
Credit Fair is a funded company, having raised a total of $26.81M across 8 funding rounds to date. The company's 1st funding round was a Seed of $1.33M, raised on Jun 11, 2021.
What does Credit Fair do?
Solar energy adoption is facilitated by Credit Fair through affordable loan options for individuals, businesses, and housing societies across India. Financing is offered with competitive interest rates, flexible repayment tenures, and a fully online application process. The focus is placed on reducing electricity costs and promoting sustainability in urban and rural areas. Support is extended through initiatives like PM Surya Ghar, with operations regulated by the Reserve Bank of India.
Who are the top competitors of Credit Fair?
Credit Fair's top competitors include InCred, FlexiLoans and Clix Capital.
What products or services does Credit Fair offer?
Credit Fair offers Rooftop Solar Loan, Residential Solar Loan, MSME Solar Loan, and Housing Society Solar Loan.
Who are Credit Fair's investors?
Credit Fair has 55 investors. Key investors include InCred, Vivriti Capital, State Bank of India, Branded Strategic Hospitality, and pi Ventures.
What is Credit Fair's valuation?
The valuation of Credit Fair is $23.1M as of Nov 2024.
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