About Credit Fair
Credit Fair is a Financial Services company based in Mumbai (India) founded in 2018 by Vikas Agarwal and Aditya Damani, and was acquired by BlackSoil in July 2026. Solar financing solutions are provided by Credit Fair in India. It operates on a Commission-Based model. Credit Fair has raised $26.81 million across 8 funding rounds from investors including InCred, Vivriti Capital and State Bank of India. Credit Fair was last valued at $23.1 million in November 2024. Its chief executive, as recorded, is Aditya Damani. Its website creditfair.in draws about 22 thousand monthly visits. Its Indian entity K. M. Global Credit Private Limited reported revenue of ₹37.20 Cr. Credit Fair offers products and services including Rooftop Solar Loan, Residential Solar Loan, MSME Solar Loan, and Housing Society Solar Loan. Its focus areas include Lending and Consumer Loans. Its competitors include FlexiLoans, Clix Capital and InCred; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Founders Vikas Agarwal, Aditya Damani
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website creditfair.in
- Social LinkedIn X Facebook Instagram
- Acquired by BlackSoil (Jul 2026)
- Legal Name K. M. Global Credit Private Limited
- Date of Incorporation 03 May, 2018
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Credit Fair
Credit Fair is associated with 2 registered companies on The Company Check; the primary company is K. M. Global Credit 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 |
|---|---|---|---|---|---|---|---|
| K. M. Global Credit Private Limited CIN U65999MH2018PTC308921 | Active | 03 May 2018 | Mumbai, Maharashtra | ₹37.2 Cr | 112 | 3 | View details |
| K. M. Global Financial Services Private Limited CIN U65910MH2011PTC214241 | Active | 01 Mar 2011 | Mumbai, Maharashtra | ₹10.0 Cr | 2 | 3 | View details |
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.
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.
Apps and channels of Credit Fair
Credit Fair publishes 2 mobile apps with over 110K+ downloads.
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 $26.81M
- Total Rounds 8
- Last Round Debt – Conventional — $5M
- First Round $15M
(Jun 2021)
- Investors Count 55
All 8 funding rounds of Credit Fair 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 |
|---|---|---|---|---|---|
| Feb 2025 | $5M | Debt – Conventional | – | – | |
| Nov 2024 | $473,864 | Seed | $23.1M | Nueva Capital | |
| Mar 2024 | $1.33M | Seed | $22.87M | Nueva Capital | |
| Dec 2022 | $1.82M | Debt – Conventional | – | – | |
| Aug 2022 | Debt – Conventional | – | – | ||
| Jun 2022 | $10M | Seed | – | Nueva Capital, pi Ventures | |
| Jul 2021 | Debt – Conventional | – | – | ||
| Jun 2021 | $15M | Seed | – | Anand Ladsariya, Alok Agarwal |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2024 | $23.1M | •••••••• |
| Mar 2024 | $22.87M | •••••••• |
Last known valuation $23.1M (Nov 2024). 56 investors in total: 18 institutional and 38 angel.
Investors in Credit Fair
Credit Fair has secured backing from 56 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include InCred, Vivriti Capital and State Bank of India.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact investing is managed through private equity by Symbiotics Group. | symbioticsgroup.com | Geneva, Switzerland | ||
Investment in India's startup ecosystem through private market funds and asset management. | 2021 | nuevacapital.in | Delhi, India | |
Venture capital funding is provided to Indian startups. | capital-a.in | Bengaluru, India | ||
Impact investments are managed by the B Corp-certified firm. | caspian.in | Hyderabad, India | ||
Deep-tech venture capital investments in early-stage companies. | 2016 | piventures.in | Bengaluru, India | |
Venture capital firm focused on pre-seed and seed stage investments in software, data, fintech, and consumer sectors | conneticventures.com | Covington, United States | ||
Angel investments are directed toward tech and hospitality sectors. | 1995 | brandedstrategic.com | New York, United States | |
| sattvafamilyoffice.tcc.mode | ||||
Construction services are provided in Bengaluru, India. | neelanchaledifice.tcc.mode | Bengaluru, India | ||
Contract manufacturing of fabrics is handled by Texport in India. | 1978 | texport.com | Bengaluru, India |
Investor details for Credit Fair
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.
Board of directors of K. M. Global Credit Private Limited (Credit Fair)
K. M. Global Credit Private Limited is the primary company behind Credit Fair. The boards of the 2 registered companies of Credit Fair currently have 6 directors; the longest-serving is Maheshkumar Damani, appointed in 2011. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maheshkumar Damani DIN 00833213 | Director | 01 Mar 2011 | 15 yrs 7 mo | K. M. Global Financial Services Private Limited |
| Amit Mahesh Damani DIN 03409288 | Director | 01 Mar 2011 | 15 yrs 7 mo | K. M. Global Financial Services Private Limited |
| Aditya Damani Mahesh DIN 02938941 | Director | 03 May 2018 | 8 yrs 5 mo | K. M. Global Credit Private Limited |
| Ashish Jitendra Mehta DIN 08128033 | Director | 21 May 2018 | 8 yrs 5 mo | K. M. Global Credit Private Limited |
| Mukesh Pande DIN 09437214 | Director | 05 May 2023 | 3 yrs 5 mo | K. M. Global Credit Private Limited |
| Sucheta Mahesh Damani DIN 00930627 | Director | 28 Feb 2025 | 1 yr 7 mo | K. M. Global Financial Services Private Limited |
People of Credit Fair
5 people are tracked at Credit Fair (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Vikas Agarwal | Co-Founder & CBO | Leadership |
| Co-Founder & CEO | Leadership | |
Santosh Jha | Head - Finance & Accounting | Leadership |
Sunil Khorwal | Associate Vice President - Technology | Leadership |
Mahalaxmi Srinivasan | Manager - Disbursement | Team |
Complete people profiles for Credit Fair
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.
Financials of Credit Fair
Figures of K. M. Global Credit Private Limited, the primary company behind Credit Fair, for FY 2025. Revenue was ₹37.20 Cr (+20% year on year). Net loss was -₹2.73 Cr. EBITDA was ₹11.89 Cr (32% margin). Revenue has grown at a compounded annual rate of +68% over three years and +86% over five years.
- ₹37.20 CrRevenue · FY 2025 · +20% YoY
- -₹2.73 CrNet loss
- ₹11.89 CrEBITDA · 32% margin
- ₹5.98 CrPaid-up capital
- 112Employees (provident fund records)
- +68%Revenue CAGR, 3 years
- +86%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of K. M. Global Credit Private Limited are on its company page.
Detailed financial statements for Credit Fair
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Credit Fair
5 dated milestones of Credit Fair across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Credit Fair is founded.
- Funding First funding round of $15.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $5.0M.
- Exit Acquired by BlackSoil.
Competitors of Credit Fair
Credit Fair has 3 listed competitors in our database, 3 of them funded. They include FlexiLoans, Clix Capital and InCred.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexiloans.com | 2016 | Mumbai, India | $96.88M | 624 | Business loans and financial products for MSMEs are provided. | |
| clix.capital | 2016 | Gurugram, India | $69.52M | 1,742 | Lending platform for consumers and businesses is provided. | |
| incred.com | 2016 | Mumbai, India | $320.39M | 2,161 | Financial services are provided, specializing in personal and business loans. |
Detailed competitors of Credit Fair
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Credit Fair
The website of Credit Fair (creditfair.in) receives about 21.5K visits a month.
- Monthly visits21.5K
▲ 32.5% vs previous month
Websites whose visitors overlap most with Credit Fair. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| droomcredit.com | 85% | 2.7K | View details | ||
| friendloan.in | 81% | 14.6K | #1,603,328 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as Credit Fair (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 106.45 M | 2,161 |
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Related news about Credit Fair
Complete news archive for Credit Fair
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Frequently Asked Questions about Credit Fair
Credit Fair was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Credit Fair is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Aditya Damani is the CEO of Credit Fair, as recorded in our data. They have also founded this 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 $15M, raised on Jun 2021.
The primary company behind Credit Fair, K. M. Global Credit Private Limited, reported revenue of ₹37.20 Cr for FY 2025, up 20% year on year.
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.
Credit Fair's top competitors include InCred, FlexiLoans and Clix Capital.
Credit Fair offers Rooftop Solar Loan, Residential Solar Loan, MSME Solar Loan, and Housing Society Solar Loan.
Credit Fair has 56 investors. Key investors include InCred, Vivriti Capital, State Bank of India, BlackSoil, and Branded Strategic Hospitality.
The valuation of Credit Fair is $23.1M as of Nov 2024.
Credit Fair is associated with 2 legal entities: K. M. Global Credit Private Limited, K. M. Global Financial Services Private Limited.
Yes. Credit Fair was acquired by BlackSoil in July 2026.