About Indifi
Indifi is a company based in Gurugram (India) founded in 2015 by Alok Mittal and Siddharth Mahanot.. Indifi has raised $90.76 million across 7 funding rounds from investors including Northern Arc Capital, Vivriti Capital and IndusInd Bank. The company has 876 employees as of March 28, 2024. Indifi operates in a competitive market with competitors including FlexiLoans, Funding Societies, Bizongo, Lendingkart and Yubi, among others.
- Headquarter Gurugram, India
- Employees 876 as on 28 Mar, 2024
- Founders Alok Mittal, Siddharth Mahanot
- 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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- Legal Name Indifi Technologies Private Limited
- Date of Incorporation 27 May, 2015
- Jurisdiction Palam Road, Haryana, India
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Annual Revenue
$25.62 M (USD)101.36as on Mar 31, 2023
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Net Profit
$621.49 K (USD)115.76as on Mar 31, 2023
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EBITDA
$7.54 M (USD)1352.21as on Mar 31, 2023
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Total Equity Funding
$90.76 M (USD)
in 7 rounds
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Latest Funding Round
$35.18 M (USD), Series E
Jun 12, 2023
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Investors
Northern Arc Capital
& 27 more
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Employee Count
876
as on Mar 28, 2024
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Funding Insights of Indifi
Indifi has successfully raised a total of $90.76M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $35.18 million completed in June 2023. 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 E — $35.2M
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First Round
First Round
(28 Sep 2015)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series E - Indifi | Valuation | ICICI Venture | |
| Nov, 2021 | Amount | Debt – Conventional - Indifi | Valuation |
investors |
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| Aug, 2021 | Amount | Series D - Indifi | Valuation | British International Investment |
| 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 Indifi
Indifi has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Northern Arc Capital, Vivriti Capital and IndusInd Bank. 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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Alternative asset management and investment services in India.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Venture capital is directed toward multiple sectors by the firm.
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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 Indifi
| 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 - Indifi
| 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 |
Indifi Comparisons
Competitors of Indifi
Indifi 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, Funding Societies, Bizongo, Lendingkart and Yubi, 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 |
Business loans are provided via a P2P marketplace platform.
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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 |
Provider of unsecured business loans and working capital financing to MSMEs
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| domain | founded_year | HQ Location |
Business loans are facilitated through an online debt marketplace.
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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 |
|---|---|---|---|---|
| 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 Indifi
Frequently Asked Questions about Indifi
When was Indifi founded?
Indifi was founded in 2015.
Where is Indifi located?
Indifi is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Indifi?
Alok Mittal is the current CEO of Indifi. They have also founded this company.
Is Indifi a funded company?
Indifi is a funded company, having raised a total of $90.76M across 7 funding rounds to date. The company's 1st funding round was a Series D of $19.5M, raised on Sep 28, 2015.
How many employees does Indifi have?
As of Mar 28, 2024, the latest employee count at Indifi is 876.
What is the annual revenue of Indifi?
Annual revenue of Indifi is $25.62M as on Mar 31, 2023.
What does Indifi do?
Indifi was established in 2015 in Gurugram, India, to deliver online business loans and credit solutions for MSMEs. Unsecured loans, revolving credit lines, and merchant advances are extended to sectors including retail, hospitality, and e-commerce. Borrowers are linked to multiple lenders through a digital platform, which supports quick approvals and reduced documentation requirements.
Who are the top competitors of Indifi?
Indifi's top competitors include Funding Societies, FlexiLoans and Yubi.
Who are Indifi's investors?
Indifi has 28 investors. Key investors include Northern Arc Capital, Vivriti Capital, IndusInd Bank, Accel, and SIDBI.
What is Indifi's valuation?
The valuation of Indifi is $156.88M as of Jun 2023.
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