About Fundly.ai
Fundly.ai is a Healthcare company based in Mumbai (India) founded in 2021 by Veena Vinod Chawla, Neha Ramcharanlal Virmani, Shreeram V Ramanathan, and Amit Kumar Chawla. Short-term credit solutions are provided for pharmaceutical supply chains. It operates on a FinTech and SaaS (Software-as-a-Service) model in Healthcare and Financial Services sectors. Fundly.ai has raised $11.5 million across 9 funding rounds from investors including Accel, Multiply Ventures and Mohammad Rafi Talati. The company has 42 employees. Fundly.ai was last valued at $14.67 million in April 2023. Its chief executive, as recorded, is Amit Kumar Chawla. Its Indian entity Ardour Analytics Private Limited reported revenue of ₹6.55 Cr. Fundly.ai offers products and services including Lending, Commerce, and Payments. Its focus areas include FinTech and Digital Lending. Its competitors include FlexiLoans, DMI Finance and Bizongo; 3 of its 3 listed competitors have raised funding.
Company details
Fundly.ai is dedicated to transforming the pharma industry in India through innovative financial solutions. The company operates as a fintech platform, offering services across credit, commerce, and payments. Tailored for pharma retailers and distributors, solutions are designed to optimize purchasing, simplify payment cycles, and provide accessible working capital. The platform ensures seamless integration with existing systems and is supported by future-ready technology. Fundly.ai aims to enable sustainable and scalable success for the healthcare supply chain by making operations digital, efficient, and integrated.
- Headquarters Mumbai, India
- Employees 42
- Founders Veena Vinod Chawla, Neha Ramcharanlal Virmani, Shreeram V Ramanathan, Amit Kumar Chawla
- Stage Minicorn
- SectorsHealthcareFinancial Services
- Email••••••••
- Phone•••• ••••
- Website fundly.ai
- Social LinkedIn X Facebook Instagram
- Legal Name Ardour Analytics Private Limited
- Date of Incorporation 06 Aug, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹6.55 Cr
FY 2024 · +285% YoY
- Net Loss-₹5.80 Cr
FY 2024 · -88% margin
- EBITDA-₹5.04 Cr
FY 2024 · -77% margin
- Total Equity Funding$11.5M (USD)
in 9 rounds
- Latest Funding Round$4M (USD), Seed
Sep 2026
- InvestorsAccel
& 24 more
- Employee Count42
Associated legal entities of Fundly.ai
Fundly.ai operates through Ardour Analytics 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 |
|---|---|---|---|---|---|---|---|
| Ardour Analytics Private Limited CIN U82990MH2019PTC328994 | Active | 06 Aug 2019 | Mumbai, Maharashtra | ₹6.6 Cr | 42 | 2 | View details |
Products & Services of Fundly.ai
Fundly.ai offers a comprehensive portfolio of products and services, including Lending, Commerce, and Payments.
Credit access is provided for pharma business needs.
Commerce tools are offered for pharma operational efficiency.
Payment systems are streamlined for pharma transaction ease.
Funding Insights of Fundly.ai
Fundly.ai has successfully raised a total of $11.5M across 9 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in September 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 $11.5M
- Total Rounds 9
- Last Round Seed — $4M
- First Round $105,479
(Jan 2021)
- Investors Count 25
All 9 funding rounds of Fundly.ai 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 |
|---|---|---|---|---|---|
| Sep 2026 | $900,000 | Debt – Venture | – | – | – |
| Sep 2026 | $4M | Series A | – | Multiply Ventures | – |
| Sep 2026 | $4M | Seed | – | Multiply Ventures | – |
| Apr 2023 | $3M | Seed | $14.67M | Accel | |
| Dec 2022 | $60,376 | Angel Round | $9.06M | – | |
| Nov 2022 | Angel Round | – | – | – | |
| Sep 2022 | Angel Round | – | – | – | |
| Nov 2021 | $329,172 | Seed | $••••• | Karamjyoti Sales | |
| Jan 2021 | $105,479 | Angel Round | $••••• | Ushik Mahesh Gala |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2023 | $14.67M | •••••••• |
| Dec 2022 | $9.06M | •••••••• |
| Nov 2021 | $••••• | •••••••• |
| Jan 2021 | $••••• | •••••••• |
Full valuation and stage history of Fundly.ai
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $14.67M (Apr 2023). 25 investors in total: 4 institutional and 21 angel.
Investors in Fundly.ai
Fundly.ai has secured backing from 25 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Accel, Multiply Ventures and Mohammad Rafi Talati.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Potato farming, grain marketing, and equipment services are conducted in Maine. | 2019 | multiplyventures.com | Bengaluru, India | |
MR Mohammad Rafi Talati | unknown_03af493f3626421fa | |||
EV Elizabeth Varghese | unknown_9051edeb1f264f8ab | |||
RJ Rubina Jacob | unknown_f6d96318382f4521b | |||
MP Mahesh Prashar | unknown_36bde02a462e4c8d8 | |||
RS Ramesh Sitaram | unknown_55e2558053da44c39 | |||
VA Vimala A K | unknown_1cf98d43d4de408c9 | |||
AS Amar Sinhji | unknown_b2fb74451779426fa |
Investor details for Fundly.ai
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Ardour Analytics Private Limited (Fundly.ai)
Ardour Analytics Private Limited is the primary company behind Fundly.ai. The board of Ardour Analytics Private Limited currently have 2 directors; the longest-serving is Amit Kumar Chawla, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Kumar Chawla DIN 08531019 | Director | 06 Aug 2019 | 7 yrs 2 mo | Ardour Analytics Private Limited |
| Vaidyanatha Ramanathan Shreeram DIN 09140211 | Director | 01 Apr 2022 | 4 yrs 7 mo | Ardour Analytics Private Limited |
People of Fundly.ai
10 people are tracked at Fundly.ai (5 in leadership, 5 in team); the tracked headcount is 42.
| Name | Role | Group |
|---|---|---|
Veena Vinod Chawla | Co-Founder | Leadership |
Neha Ramcharanlal Virmani | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Founder & CEO | Leadership | |
Sangeetha Varghese | Generalist | Founding Team | Team |
Nitin Agarwal | Product Lead | Team |
Kashif Hussain | Area Sales Manager | Team |
Mohsin Ali | Search Engine Optimization Specialist | Team |
Saurabh Sarage | Data Engineer | Team |
Complete people profiles for Fundly.ai
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Fundly.ai
Figures of Ardour Analytics Private Limited, the primary company behind Fundly.ai, for FY 2024. Revenue was ₹6.55 Cr (+285% year on year). Net loss was -₹5.80 Cr (-88% margin). EBITDA was -₹5.04 Cr (-77% margin). Revenue has grown at a compounded annual rate of +200% over three years.
- ₹6.55 CrRevenue · FY 2024 · +285% YoY
- -₹5.80 CrNet loss · -88% margin
- -₹5.04 CrEBITDA · -77% margin
- ₹3.38 CrPaid-up capital
- 42Employees (provident fund records)
- +200%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ardour Analytics Private Limited are on its company page.
Detailed financial statements for Fundly.ai
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 Fundly.ai
4 dated milestones of Fundly.ai across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Fundly.ai is founded.
- Funding First funding round of $105K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $4.0M.
Competitors of Fundly.ai
Fundly.ai has 3 listed competitors in our database, 3 of them funded. They include FlexiLoans, DMI Finance and Bizongo.
| 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. | |
| dmifinance.in | 2008 | Delhi, India | $734M | 1,054 | Personal, MSME, consumption, and EV loans are provided digitally. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions |
Detailed competitors of Fundly.ai
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Verified entity values are shown only after access is granted.
Web traffic of Fundly.ai
The website of Fundly.ai (fundly.ai) receives about 4.7K visits a month.
- Monthly visits4.7K
▲ 156.8% vs previous month
Top companies in Pharmacy & Healthcare Retail Systems
2 companies that operate in the same segment as Fundly.ai (Pharmacy & Healthcare Retail Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers a B2B managed marketplace for pharmacies | 2019 | Bengaluru, Karnataka, India | USD 20.02 M | USD 20.23 M | 218 | |
Digital healthcare tools are offered for pharmacies and clinics management. | 2012 | Mumbai, Maharashtra, India | USD 1.19 B | USD 719.01 M | 215 |
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Related news about Fundly.Ai
Complete news archive for Fundly.ai
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Articles about Fundly.ai on our blog
Frequently Asked Questions about Fundly.ai
Fundly.ai was founded in 2021.
Fundly.ai is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Amit Kumar Chawla is the CEO of Fundly.ai, as recorded in our data. They have also founded this company.
Fundly.ai is a funded company, having raised a total of $11.5M across 9 funding rounds to date. The company's 1st funding round was a Angel Round of $105.48K, raised on Jan 2021.
Fundly.ai has 42 employees.
The primary company behind Fundly.ai, Ardour Analytics Private Limited, reported revenue of ₹6.55 Cr for FY 2024, up 285% year on year.
Fundly.ai is dedicated to transforming the pharma industry in India through innovative financial solutions. The company operates as a fintech platform, offering services across credit, commerce, and payments. Tailored for pharma retailers and distributors, solutions are designed to optimize purchasing, simplify payment cycles, and provide accessible working capital. The platform ensures seamless integration with existing systems and is supported by future-ready technology. Fundly.ai aims to enable sustainable and scalable success for the healthcare supply chain by making operations digital, efficient, and integrated.
Fundly.ai's top competitors include FlexiLoans, Bizongo and DMI Finance.
Fundly.ai offers Lending, Commerce, and Payments.
Fundly.ai has 25 investors. Key investors include Accel, Multiply Ventures, Mohammad Rafi Talati, Elizabeth Varghese, and Rubina Jacob.
The valuation of Fundly.ai is $14.67M as of Apr 2023.
Fundly.ai operates through Ardour Analytics Private Limited.