About Fyle
Fyle is a Travel & Hospitality company based in Bengaluru (India) founded in 2016 by Yashwanth Madhusudan and Sivaramakrishnan Narayanan, and was acquired by Sage Group in August 2025. Cloud-based expense management is provided for business travelers. It operates in the Travel & Hospitality and Technology sectors. Fyle has raised $15.36 million across 6 funding rounds from investors including Freshworks, Sage Group and Pravega Ventures. The company has 104 employees. Fyle was last valued at $71.02 million in October 2022. Its chief executive, as recorded, is Yashwanth Madhusudan. Its website fylehq.com draws about 163 thousand monthly visits. Its Indian entity Fyle Technologies Private Limited reported revenue of ₹28.78 Cr. Fyle offers products and services including Expense Automation, Receipt Tracking, Expense Workflows, and Card Reconciliation. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay.
Company details
Fyle was founded in 2016 in Bengaluru, India, within the SaaS sector focused on financial tools. Cloud-driven solutions are offered for tracking employee expenses, ensuring automated compliance, and delivering analytics for operational insights. Mail plugins are integrated to extract data from inboxes, and a mobile application is utilized for scanning paper receipts alongside travel expense monitoring. AI is applied for receipt categorization and secure cloud storage.
- Headquarters Bengaluru, India
- Employees 104
- Founders Yashwanth Madhusudan, Sivaramakrishnan Narayanan
- Stage Acquired
- SectorsTravel & HospitalityTechnology
- Email••••••••
- Website fylehq.com
- Social LinkedIn X Facebook Instagram
- Acquired by Sage Group (Aug 2025)
- Legal Name Fyle Technologies Private Limited
- Date of Incorporation 16 Feb, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹28.78 Cr
FY 2024 · +57% YoY
- Net Loss-₹20.64 Cr
FY 2024 · -72% margin
- EBITDA-₹20.30 Cr
FY 2024 · -71% margin
- Total Equity Funding$15.36M (USD)
in 6 rounds
- Latest Funding Round$4.5M (USD), Series A
Oct 2022
- InvestorsFreshworks
& 23 more
- Employee Count104
- Acquired bySage Group
(Aug 2025)
Associated legal entities of Fyle
Fyle operates through Fyle Technologies 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 |
|---|---|---|---|---|---|---|---|
| Fyle Technologies Private Limited CIN U74900KA2016PTC086218 | Active | 16 Feb 2016 | Bangalore, Karnataka | ₹28.8 Cr | 104 | 3 | View details |
Products & Services of Fyle
Fyle offers a comprehensive portfolio of products and services, including Expense Automation, Receipt Tracking, Expense Workflows, and Card Reconciliation.
Automates data extraction from receipts for efficient expense processing.
Monitors expenses from apps like Gmail and Slack for easy management.
Handles approvals and reimbursements to streamline financial operations.
Matches receipts with credit card transactions for accurate accounting.
Funding Insights of Fyle
Fyle has successfully raised a total of $15.36M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $4.5 million completed in October 2022. 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 $15.36M
- Total Rounds 6
- Last Round Series A — $4.5M
- First Round $400,000
(Jun 2016)
- Investors Count 23
All 6 funding rounds of Fyle 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 |
|---|---|---|---|---|---|
| Oct 2022 | $4.5M | Series A | $71.02M | Tiger Global Management, Pravega Ventures | – |
| Apr 2019 | $4.5M | Series A | $30.68M | Steadview | |
| Nov 2018 | $4.85M | Series A | $••••• | Tiger Global Management | |
| Mar 2018 | $1.1M | Seed | $••••• | Pravega Ventures | |
| Aug 2017 | Grant | – | – | ||
| Jun 2016 | $400,000 | Seed | $••••• | Beenext, Pravega Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2022 | $71.02M | •••••••• |
| Apr 2019 | $30.68M | •••••••• |
| Nov 2018 | $••••• | •••••••• |
| Mar 2018 | $••••• | •••••••• |
| Jun 2016 | $••••• | •••••••• |
Full valuation and stage history of Fyle
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $71.02M (Oct 2022). 24 investors in total: 9 institutional and 15 angel.
Investors in Fyle
Fyle has secured backing from 24 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Freshworks, Sage Group and Pravega Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Financial services, strategic advisory, and partnerships in investments. | pravegavc.com | Bengaluru, India | ||
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Corporate-backed venture capital firm focused on fintech, Edtech, and multiple sectors | recruitstrategicpartners.com | San Mateo, United States | ||
Invests in public and private companies with focus on technology and growth sectors. | 2009 | steadview.com | London, United Kingdom | |
Cloud-based business process management suite solutions are delivered. | 2010 | freshworks.com | San Mateo, United States | |
Private equity and capital investments in IT sector are managed. | abgcapital.com | Pittsburgh, United States | ||
Support for startups in Karnataka is delivered through policies, funding, and networking services. | 2004 | missionstartupkarnataka.org | Bengaluru, India | |
Cloud-based accounting and payroll solutions for small and medium businesses | 1981 | sage.com | United States | |
GM Girish Mathrubootham | Founder & CEO of Freshworks, prominent angel investor in Indian startups | unknown_432b6cebb49c4dbab |
Investor details for Fyle
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Fyle Technologies Private Limited (Fyle)
Fyle Technologies Private Limited is the primary company behind Fyle. The board of Fyle Technologies Private Limited currently have 3 directors; the longest-serving is Yashwanth Madhusudan, appointed in 2016. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Yashwanth Madhusudan DIN 07362753 | Director | 16 Feb 2016 | 10 yrs 8 mo | Fyle Technologies Private Limited |
| Anand Mundra DIN 10477918 | Director | 24 Jul 2025 | 1 yr 3 mo | Fyle Technologies Private Limited |
| Mark Parry DIN 10174123 | Director | 24 Jul 2025 | 1 yr 3 mo | Fyle Technologies Private Limited |
People of Fyle
23 people are tracked at Fyle (3 in leadership, 20 in team); the tracked headcount is 104.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Sivaramakrishnan Narayanan | Co-Founder | Leadership |
Bharadwaj Srinivasan | Director Of Customer Success | Leadership |
Arunimaa Singh | Customer Success Ninja | Team |
Arjun M | Technical Staff | Team |
Garima Sood | Customer Success Ninja | Team |
Sweta Kumari | Customer Success & Analyst Intern | Team |
Anish Kumar | Technical Staff | Team |
Bency Ann Varghese | Customer Success Executive | Team |
Priyansha Shukla | Customer Success Ninja | Team |
Ashwathi Vinod | Customer Success Manager | Team |
Saurav Tulsyan | Financial Controller | Team |
Jahaber Sathik J H | Senior Team Manager - Implementation Services | Team |
Tushar Saroch | Customer Support Manager | Team |
Taranjot Singh | Customer Success Manager | Team |
Shreya Arora | CS Ninja | Team |
Sumanth K | CS Ninja | Team |
Tanvi Telang | Customer Success Ninja | Team |
Tushar S | Customer Success Ninja | Team |
Aditi Som | Customer Success Ninja | Team |
3 more people are available in the full profile.
Complete people profiles for Fyle
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Fyle
Figures of Fyle Technologies Private Limited, the primary company behind Fyle, for FY 2024. Revenue was ₹28.78 Cr (+57% year on year). Net loss was -₹20.64 Cr (-72% margin). EBITDA was -₹20.30 Cr (-71% margin). Revenue has grown at a compounded annual rate of +77% over three years and +88% over five years.
- ₹28.78 CrRevenue · FY 2024 · +57% YoY
- -₹20.64 CrNet loss · -72% margin
- -₹20.30 CrEBITDA · -71% margin
- ₹2.6 LakhPaid-up capital
- 104Employees (provident fund records)
- +77%Revenue CAGR, 3 years
- +88%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fyle Technologies Private Limited are on its company page.
Detailed financial statements for Fyle
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Fyle
5 dated milestones of Fyle across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Fyle is founded.
- Funding First funding round of $400K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $4.5M.
- Exit Acquired by Sage Group.
Web traffic of Fyle
The website of Fyle (fylehq.com) receives about 162.7K visits a month.
- Monthly visits162.7K
▼ 4.4% vs previous month
Websites whose visitors overlap most with Fyle. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rippling.com | 100% | 9.3M | #6,537 | View details | |
| ramp.com | 99% | 5.1M | #9,228 | View details | |
| driversnote.com | 99% | 174.3K | #178,940 | View details | |
| zoom.us | 96% | 563.4M | #82 | View details | |
| vcita.com | 92% | 423.5K | #115,160 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Fyle
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
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Verified entity values are shown only after access is granted.
Top companies in Online Travel
3 companies that operate in the same segment as Fyle (Online Travel) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 399 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 505 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 425 |
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Related news about Fyle
Complete news archive for Fyle
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Frequently Asked Questions about Fyle
Fyle was founded in 2016.
Fyle is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Yashwanth Madhusudan is the CEO of Fyle, as recorded in our data. They have also founded this company.
Fyle is a funded company, having raised a total of $15.36M across 6 funding rounds to date. The company's 1st funding round was a Seed of $400K, raised on Jun 2016.
Fyle has 104 employees.
The primary company behind Fyle, Fyle Technologies Private Limited, reported revenue of ₹28.78 Cr for FY 2024, up 57% year on year.
Fyle was founded in 2016 in Bengaluru, India, within the SaaS sector focused on financial tools. Cloud-driven solutions are offered for tracking employee expenses, ensuring automated compliance, and delivering analytics for operational insights. Mail plugins are integrated to extract data from inboxes, and a mobile application is utilized for scanning paper receipts alongside travel expense monitoring. AI is applied for receipt categorization and secure cloud storage.
Fyle offers Expense Automation, Receipt Tracking, Expense Workflows, and Card Reconciliation.
Fyle has 24 investors. Key investors include Freshworks, Sage Group, Pravega Ventures, Startup Karnataka, and Tiger Global.
The valuation of Fyle is $71.02M as of Oct 2022.
Fyle operates through Fyle Technologies Private Limited.
Yes. Fyle was acquired by Sage Group in August 2025.