About Indifi
Indifi is a Financial Services company based in Gurugram (India) founded in 2015 by Alok Mittal and Siddharth Mahanot. Online business loans and credit solutions for MSMEs are provided. Indifi has raised $99.06 million across 9 funding rounds from investors including Northern Arc Capital, Vivriti Capital and IndusInd Bank. The company has 726 employees. Indifi was last valued at $156.88 million in June 2023. Its chief executive, as recorded, is Alok Mittal. Its website indifi.com draws about 87 thousand monthly visits. Its Indian entity Indifi Technologies Private Limited reported revenue of ₹113 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include FlexiLoans, Bizongo and Lendingkart; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Gurugram, India
- Employees 726
- Founders Alok Mittal, Siddharth Mahanot
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website indifi.com
- Social LinkedIn X Facebook
- Legal Name Indifi Technologies Private Limited
- Date of Incorporation 27 May, 2015
- Jurisdiction Haryana, India
- Annual Revenue₹113 Cr
FY 2026 · +3% YoY
- Net Profit₹5.16 Cr
FY 2026 · 1% margin
- EBITDA₹168 Cr
FY 2026 · 45% margin
- Total Equity Funding$99.06M (USD)
in 9 rounds
- Latest Funding Round$8.31M (USD), Series E
Aug 2026
- InvestorsNorthern Arc Capital
& 28 more
- Employee Count726
Associated legal entities of Indifi
Indifi operates through Indifi Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indifi Technologies Private Limited CIN U74140HR2015PTC055588 | Active | 27 May 2015 | Gurgaon, Haryana | ₹113 Cr | 876 | 14 | View details |
Apps and channels of Indifi
Indifi publishes 1 mobile app with over 100K+ downloads.
Funding Insights of Indifi
Indifi has successfully raised a total of $99.06M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $8.31 million completed in August 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 $99.06M
- Total Rounds 9
- Last Round Series E — $8.31M
- First Round $4.92M
(Sep 2015)
- Investors Count 29
All 9 funding rounds of Indifi 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 |
|---|---|---|---|---|---|
| Aug 2026 | $8.31M | Series E | – | ICICI Venture | |
| Mar 2026 | $4.22M | Debt – Conventional | – | – | |
| Jun 2023 | $35.18M | Series E | $156.88M | ICICI Venture | |
| Nov 2021 | $22.14M | Debt – Conventional | – | – | |
| Aug 2021 | $19.5M | Series D | $113.95M | British International Investment | |
| Mar 2021 | $5M | Debt – Conventional | – | – | |
| Jul 2019 | $21.01M | Series C | $••••• | British International Investment | |
| Dec 2016 | $10.15M | Series B | $••••• | Omidyar Network India | |
| Sep 2015 | $4.92M | Series A | $••••• | Accel, Elevar Equity |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $156.88M | •••••••• |
| Aug 2021 | $113.95M | •••••••• |
| Jul 2019 | $••••• | •••••••• |
| Dec 2016 | $••••• | •••••••• |
| Sep 2015 | $••••• | •••••••• |
Full valuation and stage history of Indifi
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 $156.88M (Jun 2023). 29 investors in total: 22 institutional and 7 angel.
Investors in Indifi
Indifi has secured backing from 29 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Northern Arc Capital, Vivriti Capital and IndusInd Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Alternative asset management and investment services in India. | 1988 | iciciventure.com | Mumbai, India | |
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Venture capital is directed toward multiple sectors by the firm. | Helsinki, Finland | |||
Investments are made in digital society, education, and employability sectors. | omidyarnetwork.in | Mumbai, India | ||
Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs. | flourishventures.com | Redwood City, United States | ||
Private equity investments in India are managed by CX Partners. | cxpartners.in | Delhi, India | ||
Government agency supporting the development of SMEs | 2019 | dfc.gov | ||
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | 2006 | elevarequity.com | Bengaluru, India | |
Investing in technology, digital culture, governance, and business initiatives. | 2004 | omidyar.com | Redwood City, United States |
Investor details for Indifi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Indifi Technologies Private Limited (Indifi)
Indifi Technologies Private Limited is the primary company behind Indifi. The board of Indifi Technologies Private Limited currently have 11 directors; the longest-serving is Alok Mittal, appointed in 2015. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Alok Mittal DIN 01290103 | Managing Director | 27 May 2015 | 11 yrs 5 mo | Indifi Technologies Private Limited |
| Sandeep Marian Farias DIN 00036043 | Nominee Director | 28 Sep 2015 | 11 yrs 1 mo | Indifi Technologies Private Limited |
| Mahendran Balachandran DIN 00121640 | Nominee Director | 28 Sep 2015 | 11 yrs 1 mo | Indifi Technologies Private Limited |
| Badri Pillapakkam Bahukutumbi DIN 00272372 | Nominee Director | 25 Apr 2019 | 7 yrs 6 mo | Indifi Technologies Private Limited |
| Tabassum Abdulla Inamdar DIN 07637013 | Director | 19 May 2022 | 4 yrs 5 mo | Indifi Technologies Private Limited |
| Nikhil Mohta DIN 00932030 | Nominee Director | 12 Jun 2023 | 3 yrs 4 mo | Indifi Technologies Private Limited |
| Sangram Singh DIN 07965826 | Whole-time director | 27 Mar 2024 | 2 yrs 7 mo | Indifi Technologies Private Limited |
| Vinay Baijal DIN 07516339 | Director | 02 Apr 2024 | 2 yrs 7 mo | Indifi Technologies Private Limited |
| Vikramaditya Singh Khichi DIN 08317894 | Director | 06 Aug 2024 | 2 yrs 3 mo | Indifi Technologies Private Limited |
| Siddharth Mahanot DIN 07182888 | Director | 01 Oct 2024 | 2 yrs 1 mo | Indifi Technologies Private Limited |
| Arunprakash Srinivasarao Korati DIN 00027783 | Nominee Director | 14 Jul 2025 | 1 yr 3 mo | Indifi Technologies Private Limited |
People of Indifi
51 people are tracked at Indifi (18 in leadership, 33 in team); the tracked headcount is 726.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| CEO | Leadership | |
Arpit Agarwal | Head Of Treasury | Leadership |
Gaurav Goel | Vice President Of Analytics And Data Science | Leadership |
Bhanu Sabhrwal | Associate Director Human Resources | Leadership |
Ashwini Kumar | Vice President | Leadership |
Mayank Mathur | Vice President Operations | Leadership |
Karan S. | Director Of Engineering | Leadership |
Animesh Sharma | Chief Technology Officer | Leadership |
Ish Arora | Vice President Finance | Leadership |
Ca Renu Aggarwal | Director Finance ( Fp&a Head ) | Leadership |
Anubhav Saxena | Head Of Learning And Development | Leadership |
Ankit Varliani | Director - Digital Lending Partnerships & Alliances | Leadership |
Ashish Bansal | Associate Vice President | Leadership |
Nitin Chaudhary | Senior Vice President - Marketing & Strategic Alliances | Leadership |
Daya Shankar Pandey | Director - Finance And Accounts | Leadership |
Nidhi Bhardwaj | Vice President & Head Of Human Resources & Administration | Leadership |
Bhoomika Dewangan | HR Manager | Team |
Deepak Singh | Relationship Manager | Team |
31 more people are available in the full profile.
Complete people profiles for Indifi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Indifi
Figures of Indifi Technologies Private Limited, the primary company behind Indifi, for FY 2026. Revenue was ₹113 Cr (+3% year on year). Net profit was ₹5.16 Cr (1% margin). EBITDA was ₹168 Cr (45% margin). Revenue has grown at a compounded annual rate of +22% over three years and +42% over five years.
- ₹113 CrRevenue · FY 2026 · +3% YoY
- ₹5.16 CrNet profit · 1% margin
- ₹168 CrEBITDA · 45% margin
- ₹110 CrPaid-up capital
- 876Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +42%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Indifi Technologies Private Limited are on its company page.
Detailed financial statements for Indifi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Indifi
4 dated milestones of Indifi across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Indifi is founded.
- Funding First funding round of $4.9M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E, of $8.3M.
Competitors of Indifi
Indifi has 3 listed competitors in our database, 3 of them funded. They include FlexiLoans, Bizongo and Lendingkart.
| 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. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| lendingkart.com | 2014 | Ahmedabad, India | $260.24M | 790 | Provider of unsecured business loans and working capital financing to MSMEs |
Detailed competitors of Indifi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Indifi
The website of Indifi (indifi.com) receives about 86.5K visits a month.
- Monthly visits86.5K
▼ 2.1% vs previous month
Websites whose visitors overlap most with Indifi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lendingkart.com | 100% | 116.6K | #267,239 | View details | |
| paisabazaar.com | 97% | 10.7M | #5,741 | View details | |
| bharatnxt.in | 90% | 28K | #1,016,833 | View details | |
| spoctree.com | 90% | #562,167 | View details | ||
| herofincorp.com | 90% | 935.7K | #45,162 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Indifi
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as Indifi (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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
Related news about Indifi
Complete news archive for Indifi
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 Indifi
Indifi was founded in 2015.
Indifi is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Alok Mittal is the CEO of Indifi, as recorded in our data. They have also founded this company.
Indifi is a funded company, having raised a total of $99.06M across 9 funding rounds to date. The company's 1st funding round was a Series A of $4.92M, raised on Sep 2015.
Indifi has 726 employees.
The primary company behind Indifi, Indifi Technologies Private Limited, reported revenue of ₹113 Cr for FY 2026, up 3% year on year.
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.
Indifi's top competitors include FlexiLoans, Bizongo and Lendingkart.
Indifi has 29 investors. Key investors include Northern Arc Capital, Vivriti Capital, IndusInd Bank, Accel, and SIDBI.
The valuation of Indifi is $156.88M as of Jun 2023.
Indifi operates through Indifi Technologies Private Limited.
The legal entities of Indifi currently have 13 directors, including Sandeep Marian Farias, Mahendran Balachandran, Badri Pillapakkam Bahukutumbi and others.