About FREED
FREED is a company based in Gurugram (India) founded in 2020 by Alok Sharma and Ritesh Srivastava. It operates as a Commission-Based and Brokerage / Intermediation. FREED has raised $16.9 million across 3 funding rounds from investors including Rohan Builders, Lead Angels and CIGS Tech Innovations. The company has 132 employees as of April 06, 2024. FREED offers products and services including Debt Resolution Program and Debt Consolidation Program. FREED operates in a competitive market with competitors including Resuelve tu Deuda, Beyond Finance, Ophelos, Kredit and Relief, among others.
- Headquarter Gurugram, India
- Employees 132 as on 06 Apr, 2024
- Founders Alok Sharma, Ritesh Srivastava
- 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
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- Legal Name Kavach Financial Services Private Limited
- Date of Incorporation 27 May, 2020
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$415.71 K (USD)-0.92as on Mar 31, 2023
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Net Profit
-$1.34 M (USD)-333.72as on Mar 31, 2023
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EBITDA
-$1.74 M (USD)-348.17as on Mar 31, 2023
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Total Equity Funding
$16.9 M (USD)
in 3 rounds
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Latest Funding Round
$6.6 M (USD), Series A
Feb 26, 2026
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Investors
Rohan Builders
& 72 more
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Employee Count
132
as on Apr 06, 2024
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Products & Services of FREED
FREED offers a comprehensive portfolio of products and services, including Debt Resolution Program and Debt Consolidation Program.
Debt resolution is offered for unsecured debt settlement.
Debt consolidation is provided for multiple loan management.
People of FREED
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Funding Insights of FREED
FREED has successfully raised a total of $16.9M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.6 million completed in February 2026. 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.
Investors in FREED
FREED has secured backing from 73 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Rohan Builders, Lead Angels and CIGS Tech Innovations.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm offering funding solutions to early stage tech companies
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Potato farming, grain marketing, and equipment services are conducted in Maine.
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Private equity fund investing in multiple sectors
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Investor details for FREED
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Investments & Acquisitions by FREED
Investment portfolio details for FREED
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Financial Statements - FREED
Detailed financials for FREED
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Freed Comparisons
Peer comparison for FREED
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Competitors of FREED
FREED 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 Resuelve tu Deuda, Beyond Finance, Ophelos, Kredit and Relief, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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App-based platform for consumer debt settlement
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Debt settlement services are provided for unsecured consumer debts.
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An online platform is developed for consumer debt repayment options.
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Credit card debts are settled through specialized software solutions.
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Relief is focused on helping users reduce personal debt.
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Detailed competitors of FREED
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Latest news on Freed
Complete news archive for FREED
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Frequently Asked Questions about FREED
FREED was founded in 2020 and raised its 1st funding round 2 years after it was founded.
FREED is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ritesh Srivastava is the current CEO of FREED. They have also founded this company.
FREED is a funded company, having raised a total of $16.9M across 3 funding rounds to date.
As of Apr 06, 2024, the latest employee count at FREED is 132.
Annual revenue of FREED is $415.71K as on Mar 31, 2023.
FREED is engaged in offering debt relief and loan settlement solutions in India. Services are provided for individuals facing financial hardships due to overwhelming debt. Debt resolution and consolidation programs are designed to help clients manage unsecured debts such as personal loans and credit card debts. The company operates in the financial services sector, focusing on negotiating with creditors to reduce debt burdens. Customized programs are tailored based on clients financial profiles and goals. A path to financial freedom is facilitated through structured savings and settlement processes.
FREED's top competitors include Resuelve tu Deuda, Beyond Finance and Relief.
FREED offers Debt Resolution Program and Debt Consolidation Program.
FREED has 73 investors. Key investors include Rohan Builders, Lead Angels, CIGS Tech Innovations, Multiply Ventures, and Beacon Trusteeship.
The valuation of FREED is $5.74M as of Apr 2022.