About Indium Finance
Indium Finance is a Financial Services company based in Mumbai (India) founded in 2018 by Vivek Kumar and Usha Balaraman. Loan solutions are offered to SMEs via a financial platform. It operates on a FinTech and Professional Services model. Indium Finance has raised $563.23 thousand across 1 funding round from investors including Sanjay Rishi, Raman Roy and Manipal Group. Its Indian entity Indiumplus Financial Services Private Limited reported revenue of ₹45.1 Lakh. Indium Finance offers products and services including Distribution Finance, e-Commerce Buyer Finance, Online Merchant Finance, Business Loans, and Personal Loans. Its focus areas include Lending and SME Financing. Its competitors include Oxyzo, Clime Finance and Finnup; 3 of its 3 listed competitors have raised funding.
Company details
Financial services are offered by Indium Finance to support SMEs and e-commerce platforms. Solutions include distribution finance, e-commerce buyer finance, online merchant finance, business loans, and personal loans. Partnerships are established with corporates and B2B platforms to facilitate financing programs. A customer-centric approach is adopted with transparent terms and digital tools. Operations are focused on scalability and seamless experiences across geographies. The sector primarily served is financial services with an emphasis on lending to small and medium enterprises.
- Headquarters Mumbai, India
- Founders Vivek Kumar, Usha Balaraman
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website indiumfinance.com
- Social LinkedIn Facebook
- Legal Name Indiumplus Financial Services Private Limited
- Date of Incorporation 15 Feb, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹45.1 Lakh
FY 2025 · +30% YoY
- Net Loss-₹1.58 Cr
FY 2025 · -351% margin
- EBITDA-₹1.53 Cr
FY 2025 · -340% margin
- Total Equity Funding$563.23K (USD)
in 1 rounds
- Latest Funding Round$563.23K (USD), Seed
Aug 2022
- InvestorsManipal Group
& 3 more
Associated legal entities of Indium Finance
Indium Finance is associated with 2 registered companies on The Company Check; the primary company is Indiumplus Financial Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indiumplus Financial Services Private Limited CIN U65999MH2019PTC321287 | Active | 15 Feb 2019 | Mumbai, Maharashtra | ₹0.5 Cr | 2 | View details | |
| Indiumtech Analytics And Solutions Private Limited CIN U74999MH2018PTC306626 | Active | 16 Mar 2018 | Mumbai, Maharashtra | ₹0.0 Cr | 2 | View details |
Products & Services of Indium Finance
Indium Finance offers a comprehensive portfolio of products and services, including Distribution Finance, e-Commerce Buyer Finance, Online Merchant Finance, Business Loans, and Personal Loans.
Financing solutions are provided for corporate distribution networks.
Buyer financing is offered for e-commerce platform users.
Merchant financing is facilitated for online business operations.
Loans are provided to support business growth initiatives.
Personal loans are offered for individual financial needs.
Funding Insights of Indium Finance
Indium Finance has successfully raised a total of $563.23K through 1 strategic funding round. The most recent funding activity was a Seed round of $563.23 thousand completed in August 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 $563,225
- Total Rounds 1
- Last Round Seed — $563,225
- First Round $563,225
(Aug 2022)
- Investors Count 4
All 1 funding rounds of Indium Finance 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 2022 | $563,225 | Seed | – | Sanjay Rishi, Raman Roy |
4 investors in total: 2 institutional and 2 angel.
Investors in Indium Finance
Indium Finance has secured backing from 4 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Sanjay Rishi, Raman Roy and Manipal Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Diversified operations are conducted across multiple industries by Manipal Group. | manipal.com | Bengaluru, India | ||
SR Sanjay Rishi | unknown_7486d22e435341f49 | |||
RR Raman Roy | Pioneer of Indian BPO industry, angel investor, and serial entrepreneur | unknown_d765fae5fe904be9b |
Investor details for Indium Finance
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Board of directors of Indiumplus Financial Services Private Limited (Indium Finance)
Indiumplus Financial Services Private Limited is the primary company behind Indium Finance. The boards of the 2 registered companies of Indium Finance currently have 2 directors; the longest-serving is Vivek Manaktala Kumar, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Manaktala Kumar DIN 07932063 | Director | 15 Feb 2019 | 7 yrs 8 mo | Indiumplus Financial Services Private Limited, Indiumtech Analytics And Solutions Private Limited |
| Shalabh Mohan DIN 03450605 | Director | 15 Feb 2019 | 7 yrs 8 mo | Indiumplus Financial Services Private Limited, Indiumtech Analytics And Solutions Private Limited |
People of Indium Finance
2 people are tracked at Indium Finance (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Usha Balaraman | Co-Founder | Leadership |
Complete people profiles for Indium Finance
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Financials of Indium Finance
Figures of Indiumplus Financial Services Private Limited, the primary company behind Indium Finance, for FY 2025. Revenue was ₹45.1 Lakh (+30% year on year). Net loss was -₹1.58 Cr (-351% margin). EBITDA was -₹1.53 Cr (-340% margin). Revenue has grown at a compounded annual rate of +86% over three years and +34% over five years.
- ₹45.1 LakhRevenue · FY 2025 · +30% YoY
- -₹1.58 CrNet loss · -351% margin
- -₹1.53 CrEBITDA · -340% margin
- ₹4.71 CrPaid-up capital
- +86%Revenue CAGR, 3 years
- +34%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Indiumplus Financial Services Private Limited are on its company page.
Detailed financial statements for Indium Finance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Indium Finance
2 dated milestones of Indium Finance across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Indium Finance is founded.
- Funding First funding round of $563K.
Competitors of Indium Finance
Indium Finance has 3 listed competitors in our database, 3 of them funded. They include Oxyzo, Clime Finance and Finnup.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| oxyzo.in | 2016 | Gurugram, India | $200.79M | 998 | Financial solutions including loans are provided for SMEs and corporates. | |
| climefinance.com | 2020 | Delhi, India | $1.42M | Financing solutions for renewable energy projects are provided. | ||
| finnup.in | 2022 | Mumbai, India | $56,127 | 17 | Platform offering financial solutions |
Detailed competitors of Indium Finance
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Top companies in Alternative Lending
3 companies that operate in the same segment as Indium Finance (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 |
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Related news about Indium Finance
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Frequently Asked Questions about Indium Finance
Indium Finance was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Indium Finance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Indium Finance is a funded company, having raised a total of $563.23K across 1 funding round to date. The company's 1st funding round was a Seed of $563.23K, raised on Aug 2022.
The primary company behind Indium Finance, Indiumplus Financial Services Private Limited, reported revenue of ₹45.1 Lakh for FY 2025, up 30% year on year.
Financial services are offered by Indium Finance to support SMEs and e-commerce platforms. Solutions include distribution finance, e-commerce buyer finance, online merchant finance, business loans, and personal loans. Partnerships are established with corporates and B2B platforms to facilitate financing programs. A customer-centric approach is adopted with transparent terms and digital tools. Operations are focused on scalability and seamless experiences across geographies. The sector primarily served is financial services with an emphasis on lending to small and medium enterprises.
Indium Finance's top competitors include Oxyzo, Clime Finance and Finnup.
Indium Finance offers Distribution Finance, e-Commerce Buyer Finance, Online Merchant Finance, Business Loans, and Personal Loans.
Indium Finance has 4 investors. Key investors include Sanjay Rishi, Raman Roy, Manipal Group, and Indian Angel Network.
Indium Finance is associated with 2 legal entities: Indiumplus Financial Services Private Limited, Indiumtech Analytics And Solutions Private Limited.
The legal entities of Indium Finance currently have 2 directors, including Vivek Manaktala Kumar, Shalabh Mohan.