About Ecofy
Ecofy is a company based in Mumbai (India) founded in 2022 by Rajashree Nambiar and Govind Sankaranarayanan. Ecofy has raised $52.82 million across 4 funding rounds from investors including FMO, IFU and British International Investment. The company has 116 employees. Ecofy has completed 1 acquisition, including Autovert. Ecofy operates in a competitive market with competitors including Two Point O Capital, Saurja, Lytyfy, Amplify Energy Innovations and Digiup, among others.
- Headquarter Mumbai, India
- Employees 116
- Founders Rajashree Nambiar, Govind Sankaranarayanan
- SectorsFinancial ServicesEnergy & Utilities
- Website category Finance · Accounting and Auditing
- Email••••••••
- Phone•••• ••••
- Website ecofy.co.in
- Social LinkedIn X Facebook
- Legal Name Ecofy Finance Private Limited
- Date of Incorporation 17 Mar, 2022
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Ecofy
Ecofy operates through Ecofy Finance Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ecofy Finance Private Limited CIN U65990MH2022PTC378560 | Active | 17 Mar 2022 | Mumbai, Maharashtra | ₹34.9 Cr | 116 | 9 | View details |
Funding Insights of Ecofy
Ecofy has successfully raised a total of $52.82M across 4 strategic funding rounds. 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 $52.82M
- Total Rounds 4
- First Round $10.82M
(Jan 2024)
- Investors Count 5
All 4 funding rounds of Ecofy 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 |
|---|---|---|---|---|---|
| May 2026 | – | Series B | – | – | – |
| Mar 2026 | $42M | Series B | – | British International Investment, Finnfund | |
| Mar 2025 | $12.5M | Debt – Conventional | – | – | |
| Jan 2024 | $10.82M | Series A | – | – |
5 investors in total: 5 institutional.
Investors in Ecofy
Ecofy has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include FMO, IFU and British International Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | 1967 | ifu.dk | Copenhagen, Denmark | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
- | – | bii.co.uk | - | |
- | – | finnfund.fi | - | |
- | – | eversourcecapital.com | - |
Investor details for Ecofy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Ecofy Finance Private Limited (Ecofy)
Ecofy Finance Private Limited is the primary company behind Ecofy. The board of Ecofy Finance Private Limited currently have 6 directors; the longest-serving is Pankaj Thapar, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Thapar DIN 01225255 | Director | 17 Mar 2022 | 4 yrs 6 mo | Ecofy Finance Private Limited |
| Govind Sankaranarayanan DIN 01951880 | Whole-time director | 17 Mar 2022 | 4 yrs 6 mo | Ecofy Finance Private Limited |
| Rajashree Nambiar DIN 06932632 | CEO | 17 Nov 2022 | 3 yrs 10 mo | Ecofy Finance Private Limited |
| Arun Kumar Sharma DIN 10214064 | Director | 25 Jul 2023 | 3 yrs 2 mo | Ecofy Finance Private Limited |
| Rohit Sharad Talwalkar DIN 00981843 | Director | 08 Sep 2023 | 3 yrs 1 mo | Ecofy Finance Private Limited |
| Vuthy Chea DIN 11238726 | Additional Director | 11 Aug 2025 | 1 yr 2 mo | Ecofy Finance Private Limited |
People of Ecofy
3 people are tracked at Ecofy (2 in leadership, 1 in team); the tracked headcount is 116.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO & Managing Director | Leadership | |
| Co-Founder & COO | Leadership | |
Indrani Gogoi | Product Manager | Team |
Complete people profiles for Ecofy
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Financials of Ecofy
Figures of Ecofy Finance Private Limited, the primary company behind Ecofy, for FY 2024. Revenue was ₹34.91 Cr (+1009% year on year).
- ₹34.91 CrRevenue · FY 2024 · +1009% YoY
- ₹471 CrPaid-up capital
- 116Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Ecofy Finance Private Limited are on its company page.
Detailed financial statements for Ecofy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Investments & Acquisitions by Ecofy
Ecofy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Autovert.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online platform for electric vehicles financing | autovert.in | Bengaluru, India | 2016 | Dec 2022 | •••• |
Complete acquisition details for Ecofy
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Ecofy
4 dated milestones of Ecofy across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Ecofy is founded.
- Acquisition Acquires Autovert.
- Funding First funding round of $10.8M.
- Funding Latest funding round, Series B,.
Competitors of Ecofy
Ecofy 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 Two Point O Capital, Saurja, Lytyfy, Amplify Energy Innovations and Digiup, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| twopointo.capital | 2024 | Mumbai, India | $6.3M | – | Financing solutions for energy transition and sustainable growth are provided. | |
| saurja.com | 2023 | Lucknow, India | – | – | Operational infrastructure solutions for solar energy projects are provided. | |
| lytyfy.org | 2015 | Mumbai, India | – | – | Facilitates a peer-to-peer social crowdfunding platform for community-driven funding. | |
| amplifyenergy.in | 2019 | Hyderabad, India | – | 4 | Operates a solar energy marketplace connecting customers, financers, and manufacturers. | |
| digiup.tech | 2022 | Hyderabad, India | – | – | Offers digital, technology, and finance solutions to tackle sustainability challenges effectively. |
Detailed competitors of Ecofy
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- Full competitor set
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Web traffic of Ecofy
The website of Ecofy (ecofy.co.in) receives about 16.4K visits a month and ranks #441,684 among all websites worldwide, #1,102 in Accounting and Auditing.
- Monthly visits16.4K
▼ 66.8% vs previous month
- Unique visitors15.4K
per month
- Global rank#441,684
among all websites
- Category rank#1,102
Finance · Accounting and Auditing
- Bounce rate31%
- Pages per visit8.0
- Average visit6 min 08 sec
- DevicesDesktop 7% · Mobile 93%
Websites whose visitors overlap most with Ecofy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| otocapital.in | 100% | 89.7K | #433,108 | View details | |
| fibe.in | 100% | 602.3K | #52,786 | View details | |
| ugrocapital.com | 70% | 33.5K | #844,215 | View details | |
| indiashelter.in | 67% | 27.9K | #1,045,545 | View details | |
| oxyzo.in | 60% | 27.1K | #589,532 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Ecofy
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- 18 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Latest news on Ecofy
Complete news archive for Ecofy
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
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- Brand-specific news history
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Similar companies to Ecofy
10 companies that operate in the same segment as Ecofy (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Ecofy
Ecofy was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Ecofy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Rajashree Nambiar is the current CEO of Ecofy. They have also founded this company.
Ecofy is a funded company, having raised a total of $52.82M across 4 funding rounds to date. The company's 1st funding round was a Series A of $10.82M, raised on Jan 2024.
Ecofy has 116 employees.
The primary company behind Ecofy, Ecofy Finance Private Limited, reported revenue of ₹34.91 Cr for FY 2024, up 1009% year on year.
Financial solutions for the electric vehicle, solar, and SME sectors. It offers funding for the full life-cycle of electric two- and three-wheelers. It provides financial products for rooftop solar installations. It offers solutions for purchasing electric scooters and bikes, featuring flexible EMIs, customizable loan tenures, digital application processes, and value-added services such as annual maintenance contracts and asset buyback options.
Ecofy's top competitors include Two Point O Capital, Lytyfy and Saurja.
Ecofy has made 1 acquisition, including Autovert.
Ecofy operates through Ecofy Finance Private Limited.
The legal entities of Ecofy currently have 8 directors, including Pankaj Thapar, Rajashree Nambiar, Arun Kumar Sharma and others.