About ftcash
ftcash is a company based in Mumbai (India) founded in 2015 by Vaibhav Lodha, Sanjeev Chandak, and Deepak Kothari.. ftcash has raised $16.08 million across 7 funding rounds from investors including Citi, Accion and IvyCap Ventures. The company has 400 employees as of June 30, 2025. ftcash operates in a competitive market with competitors including FlexiLoans, DMI Finance, Bizongo, Clix Capital and InCred, among others.
- Headquarter Mumbai, India
- Employees 400 as on 30 Jun, 2025
- Founders Vaibhav Lodha, Sanjeev Chandak, Deepak Kothari
- 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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Annual Revenue
$4.46 M (USD)33as on Mar 31, 2024
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Net Profit
$-751.23 K (USD)42as on Mar 31, 2024
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EBITDA
$-404.6 K (USD)66as on Mar 31, 2024
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Total Equity Funding
$16.08 M (USD)
in 7 rounds
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Latest Funding Round
$1.14 M (USD), Series A
Jul 31, 2024
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Investors
Citi
& 15 more
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Employee Count
400
as on Jun 30, 2025
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Funding Insights of ftcash
ftcash has successfully raised a total of $16.08M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $1.14 million completed in July 2024. 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 7
- Last Round Series A — $1.1M
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First Round
First Round
(15 Feb 2016)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - ftcash | Valuation | IvyCap Ventures Advisors , Accion |
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| May, 2022 | Amount | Series A - ftcash | Valuation | IvyCap Ventures Advisors | |
| May, 2019 | Amount | Series A - ftcash | Valuation | FMO , Accion |
| 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 ftcash
ftcash has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Citi, Accion and IvyCap Ventures. 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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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Venture capital investments in startups from leading Indian institutions across various sectors.
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Founded Year | Domain | Location | |
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Venture capital and acceleration are provided to tech 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 ftcash
| 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 - ftcash
| 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 |
Ftcash Comparisons
Competitors of ftcash
ftcash 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, DMI Finance, Bizongo, Clix Capital and InCred, 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 |
Personal, MSME, consumption, and EV loans are provided digitally.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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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 |
Software solutions are provided for e-commerce and D2C brands.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Ftcash
Frequently Asked Questions about ftcash
When was ftcash founded?
ftcash was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is ftcash located?
ftcash is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of ftcash?
Sanjeev Chandak is the current CEO of ftcash. They have also founded this company.
Is ftcash a funded company?
ftcash is a funded company, having raised a total of $16.08M across 7 funding rounds to date. The company's 1st funding round was a Series A of $7.17M, raised on Feb 15, 2016.
How many employees does ftcash have?
As of Jun 30, 2025, the latest employee count at ftcash is 400.
What is the annual revenue of ftcash?
Annual revenue of ftcash is $4.46M as on Mar 31, 2024.
What does ftcash do?
Founded in 2015 and based in Mumbai, India, ftcash functions as a financial technology platform. Short-term unsecured loans are extended to micro-merchants, small businesses, and retail chains. Automated daily and weekly repayment schedules are facilitated, alongside rapid disbursal processes and reduced paperwork requirements. Access to credit is enabled for underserved segments through digital payment integrations and lending solutions.
Who are the top competitors of ftcash?
ftcash's top competitors include InCred, FlexiLoans and Yubi.
Who are ftcash's investors?
ftcash has 16 investors. Key investors include Citi, Accion, IvyCap Ventures, FMO, and Tracxn Labs.
What is ftcash's valuation?
The valuation of ftcash is $21.25M as of Jul 2024.