About Hotfoot
Hotfoot is a company based in Chennai (India) founded in 2016 by Rajesh Venkatesan and Vivek Naidu. Hotfoot has raised $1.39 million across 3 funding rounds from investors including Multi-Act and WTL Financial Services. The company has 174 employees as of March 29, 2024. Hotfoot offers products and services including Rapid.ai, Naadi.ai, Lensights.ai, and WiseEngine. Hotfoot operates in a competitive market with competitors including Numerated, Ready Capital, Fuse, Migo and LendingStandard, among others.
- Headquarter Chennai, India
- Employees 174 as on 29 Mar, 2024
- Founders Rajesh Venkatesan, Vivek Naidu
- Stage Minicorn
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Hotfoot Technology Solutions Private Limited
- Date of Incorporation 01 Nov, 2016
- Jurisdiction Kanchipuram, Tamil Nadu, India
-
Annual Revenue
$1.61 M (USD)62.66as on Mar 31, 2023
-
Net Profit
$59.54 K (USD)1298.13as on Mar 31, 2023
-
EBITDA
$206.97 K (USD)359.22as on Mar 31, 2023
-
Total Equity Funding
$1.39 M (USD)
in 3 rounds
-
Latest Funding Round
$1.06 M (USD), Seed
Dec 13, 2024
-
Investors
Multi-Act
& 1 more
-
Employee Count
174
as on Mar 29, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Hotfoot
Hotfoot offers a comprehensive portfolio of products and services, including Rapid.ai, Naadi.ai, Lensights.ai, and WiseEngine.
All-in-one platform for streamlining loan processing and servicing.
AI-powered tool for analyzing financial data in lending decisions.
Real-time dashboards for actionable lending performance insights.
Engine for simplifying decision-making and complex integrations.
People of Hotfoot
Unlock access to complete
Funding Insights of Hotfoot
Hotfoot has successfully raised a total of $1.39M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.06 million completed in December 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.
Investors in Hotfoot
Hotfoot has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Multi-Act and WTL Financial Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment advisory and portfolio management services in the finance sector.
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for Hotfoot
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Hotfoot
Investment portfolio details for Hotfoot
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Hotfoot
Detailed financials for Hotfoot
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Hotfoot Comparisons
Peer comparison for Hotfoot
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Hotfoot
Hotfoot 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 Numerated, Ready Capital, Fuse, Migo and LendingStandard, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Platform for digitizing credit policies
|
|
| Locked | Locked | Locked |
Diversified lending NBFI
|
|
| Locked | Locked | Locked |
No-code loan origination solutions are provided for banks and lenders.
|
|
| Locked | Locked | Locked |
A cloud-based platform is provided for loan origination to lenders.
|
|
| Locked | Locked | Locked |
Loan origination and underwriting platform for multifamily financing
|
|
| Locked | Locked | Locked |
Loan origination and risk management software solutions
|
Detailed competitors of Hotfoot
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Hotfoot
Complete news archive for Hotfoot
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hotfoot
Hotfoot was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Hotfoot is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Vivek Naidu is the current CEO of Hotfoot. They have also founded this company.
Hotfoot is a funded company, having raised a total of $1.39M across 3 funding rounds to date.
As of Mar 29, 2024, the latest employee count at Hotfoot is 174.
Annual revenue of Hotfoot is $1.61M as on Mar 31, 2023.
Provider of cloud-based platform offering loan origination solutions for banks. It provides users with solutions for business loans, commercial vehicle loans, car loans, personal loan, house loan and more. It uses AI technology for providing analytics which help in risk management, decision automation and financial monitoring.
Hotfoot's top competitors include Numerated, Ready Capital and Migo.
Hotfoot offers Rapid.ai, Naadi.ai, Lensights.ai, and WiseEngine.
Hotfoot has 2 investors. Key investors include Multi-Act, and WTL Financial Services.
The valuation of Hotfoot is $1.47M as of Sep 2019.