About FREED
FREED is a Financial Services company based in Gurugram (India) founded in 2020 by Alok Sharma and Ritesh Srivastava. Debt resolution and loan settlement programs are offered to individuals. It operates on a Commission-Based and Brokerage / Intermediation model. 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. FREED was last valued at $5.74 million in April 2022. Its chief executive, as recorded, is Ritesh Srivastava. Its website freed.care draws about 99 thousand monthly visits. Its Indian entity Freed India Private Limited reported revenue of ₹25.06 Cr. FREED offers products and services including Debt Resolution Program and Debt Consolidation Program. Its focus areas include Debt Relief and Loan Settlement.
Company details
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.
- Headquarters Gurugram, India
- Employees 132
- Founders Alok Sharma, Ritesh Srivastava
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Accounting and Auditing
- Email••••••••
- Phone•••• ••••
- Website freed.care
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Kavach Financial Services Private Limited
- Date of Incorporation 27 May, 2020
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹25.06 Cr
FY 2026 · +369% YoY
- Net Loss-₹25.89 Cr
FY 2026 · -106% margin
- EBITDA-₹33.62 Cr
FY 2026 · -137% margin
- Total Equity Funding$16.9M (USD)
in 3 rounds
- Latest Funding Round$6.6M (USD), Series A
Feb 2026
- InvestorsRohan Builders
& 72 more
- Employee Count132
Associated legal entities of FREED
FREED is associated with 2 registered companies on The Company Check; the primary company is Freed India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Freed India Private Limited CIN U67100UP2020PTC218431 | Active | 27 May 2020 | Noida, Uttar Pradesh | ₹25.1 Cr | 132 | 2 | View details |
| Kavach Financial Services Private Limited CIN U67100HR2020PTC086409 | 27 May 2020 | Gurgaon, Haryana, India | View details |
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.
Apps and channels of FREED
FREED publishes 1 mobile app with over 100K+ downloads; its YouTube channel FREED has 4.26K subscribers and 13 videos.
Videos from FREED
The most watched videos on FREED's YouTube channel, FREED (4.26K subscribers). Click a video to play it here.
More on FREED.
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.
- Total Funding $16.9M
- Total Rounds 3
- Last Round Series A — $6.6M
- First Round $2.8M
(Apr 2022)
- Investors Count 73
All 3 funding rounds of FREED 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 2026 | $6.6M | Series A | – | Aavishkaar Capital | |
| Mar 2024 | $7.5M | Series A | – | Sorin, Nabs Vriddhii | |
| Apr 2022 | $2.8M | Seed | $5.74M | Inflection Point Ventures, Firstport Capital |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $5.74M | •••••••• |
Last known valuation $5.74M (Apr 2022). 73 investors in total: 29 institutional and 44 angel.
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 |
|---|---|---|---|---|
Investment firm offering funding solutions to early stage tech companies | 2021 | sorininvestments.com | Mumbai, India | |
Potato farming, grain marketing, and equipment services are conducted in Maine. | 2019 | multiplyventures.com | Bengaluru, India | |
Private equity fund investing in multiple sectors | piperserica.vc | Mumbai, India | ||
Angel network investing in early-stage companies | 2010 | hyderabadangels.in | Hyderabad, India | |
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Angel investing and mentoring support for startups in India. | 2015 | chandigarhangelsnetwork.com | Chandigarh, India | |
Investment in high-growth startups and angel funding services in India. | 2014 | leadangels.in | Mumbai, India | |
Angel network focused on multiple sectors | 2007 | thechennaiangels.com | Chennai, India | |
Multiple sectors are invested in by the private equity firm. | Kanpur, India | |||
Investment services focused on innovation-driven industries and markets influenced by globalization. | kalpathiinvestments.com | Chennai, India |
Investor details for FREED
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Freed India Private Limited (FREED)
Freed India Private Limited is the primary company behind FREED. The board of Freed India Private Limited currently have 2 directors; the longest-serving is Ritesh Srivastava, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ritesh Srivastava DIN 02389937 | Director | 27 May 2020 | 6 yrs 5 mo | Freed India Private Limited |
| Sharma Alok DIN 07910971 | Director | 05 Jul 2023 | 3 yrs 4 mo | Freed India Private Limited |
People of FREED
22 people are tracked at FREED (9 in leadership, 13 in team); the tracked headcount is 132.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Rohit Somani | Head Of Business | Leadership |
Karishma Arora | Head legal & Compliance | Leadership |
Abhiraj Rawat | Revenue Head | Leadership |
Kapil Joshi | Head Of Operations | Leadership |
Andrea Lobo | Vice President Of Growth | Leadership |
Rajat Kashyap | Head Of Marketing | Leadership |
Kartik Jain | Chief Product Officer | Leadership |
Arya Unnikrishnan | Product Manager | Team |
Sagar Mahapatra | Solutions Architect | Team |
Kushal Kumar Sharma | Legal Associate | Team |
CS Satya Prakash | Company Secretary and Compliance Officer | Team |
Kaushlendra Singh | Sales Team Leader | Team |
Rishabh Sinha | Senior Manager - Business | Team |
Govind V E | Associate Engineering Manager | Team |
Vikas Singh | Product Manager | Team |
Venkat Prasad | Customer Service Manager | Team |
Suraj Kumar | IT Support Specialist | Team |
Abhayjeet Gupta | Senior Software Engineer | Team |
2 more people are available in the full profile.
Complete people profiles for FREED
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of FREED
Figures of Freed India Private Limited, the primary company behind FREED, for FY 2026. Revenue was ₹25.06 Cr (+369% year on year). Net loss was -₹25.89 Cr (-106% margin). EBITDA was -₹33.62 Cr (-137% margin). Revenue has grown at a compounded annual rate of +94% over three years and +83% over five years.
- ₹25.06 CrRevenue · FY 2026 · +369% YoY
- -₹25.89 CrNet loss · -106% margin
- -₹33.62 CrEBITDA · -137% margin
- ₹31.6 LakhPaid-up capital
- 132Employees (provident fund records)
- +94%Revenue CAGR, 3 years
- +83%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Freed India Private Limited are on its company page.
Detailed financial statements for FREED
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of FREED
4 dated milestones of FREED across 6 years, from founding to its latest funding, stage changes and deals.
- Founded FREED is founded.
- Funding First funding round of $2.8M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $6.6M.
Web traffic of FREED
The website of FREED (freed.care) receives about 98.6K visits a month and ranks #325,705 among all websites worldwide, #822 in Accounting and Auditing.
- Monthly visits98.6K
▲ 11% vs previous month
- Unique visitors34.4K
per month
- Global rank#325,705
among all websites
- Category rank#822
Finance · Accounting and Auditing
- Bounce rate42%
- Pages per visit5.5
- Average visit3 min 45 sec
- DevicesDesktop 33% · Mobile 67%
Websites whose visitors overlap most with FREED. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
settleloan.in | settleloan.in | 100% | #4,695,460 | – | |
| smfgindiacredit.com | 84% | #102,940 | View details | ||
| mymudra.com | 74% | 93.3K | #418,302 | View details | |
| nfcc.org | 73% | 89.2K | #388,302 | View details | |
| lexcomply.com | 73% | 18.4K | #1,184,166 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for FREED
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 28 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as FREED (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 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 CEO of FREED, as recorded in our data. They have also founded this company.
FREED is a funded company, having raised a total of $16.9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.8M, raised on Apr 2022.
FREED has 132 employees.
The primary company behind FREED, Freed India Private Limited, reported revenue of ₹25.06 Cr for FY 2026, up 369% year on year.
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 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.
FREED operates through Freed India Private Limited.
The legal entities of FREED currently have 2 directors, including Sharma Alok, Ritesh Srivastava.