KrazyBee

Bengaluru, India Founded: 2016 • Age: 10 yrs Minicorn
Non-banking financial company focuses on providing credit solutions

About KrazyBee

KrazyBee is a Financial Services company based in Bengaluru (India) founded in 2016 by Madhusudan Ekambaram. It operates as a non-banking financial company focuses on providing credit solutions. KrazyBee has raised $209.78 million across 9 funding rounds from investors including Dezerv, Xiaomi and Yubi. The company has 2,810 employees. KrazyBee was last valued at $501.17 million in March 2024. Its chief executive is Madhusudan Ekambaram. Its website kbnbfc.in draws about 472 thousand monthly visits. Its Indian entity Krazybee Services Limited reported revenue of β‚Ή1,400 Cr. Its focus areas include Consumer and SME Loans, Consumer Loans and Personal Loans. Its competitors include Bueno Finance, CredIn, Suriya Chits, Amros and BhavithaSri Chits and 3 more; 2 of its 8 listed competitors have raised funding.

Company details

KrazyBee was established in 2016 in Bengaluru, India, as a non-banking financial company. Credit solutions are provided through products such as student loans and personal loans. Partnerships are maintained to improve loan accessibility for borrowers. Operations are centered in the financial services sector, with a focus on lending options tailored to individual needs in the Indian market.

  • Headquarters Bengaluru, India
  • Employees 2,810
  • Founders Madhusudan Ekambaram
  • Stage Minicorn
  • Sectors
    Financial Services
  • Website category Finance · Banking Credit and Lending
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website kbnbfc.in
  • Social LinkedIn
  • Legal Name Krazybee Services Private Limited
  • Date of Incorporation 16 Mar, 2016
  • Jurisdiction Bangalore, Karnataka, India
Key Metrics
  • Annual Revenue
    ₹1,400 Cr

    FY 2024 · +95% YoY

  • Net Profit
    ₹26.91 Cr

    FY 2024

  • EBITDA
    ₹507 Cr

    FY 2024 · 36% margin

  • Total Equity Funding
    $209.78M (USD)

    in 9 rounds

  • Latest Funding Round
    $32.08M (USD), Debt – Conventional

    Jun 2024

  • Investors
    Dezerv

    & 23 more

  • Employee Count
    2,810

Funding Insights of KrazyBee

KrazyBee has successfully raised a total of $209.78M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $32.08 million completed in June 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.

  • Total Funding $209.78M
  • Total Rounds 9
  • Last Round Debt – Conventional β€” $32.08M
  • First Round $2M

    (Jun 2016)

  • Investors Count 24

All 9 funding rounds of KrazyBee with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2024$32.08MDebt – Conventional––
Mar 2024$25.59MSeries B$501.17MMUFG
Dec 2022$116.01MSeries B$449.31MPremji Invest, Wiseanya
Feb 2021$33.77MSeries C–Premji Invest, Motilal Oswal Financial Services
Mar 2019$21.41MSeries B–Kunlun
Oct 2017–Debt – Conventional––
Oct 2017$8MSeries A$β€’β€’β€’β€’β€’Xiaomi, Shunwei Capital
Jan 2017$3MSeed–Plum Ventures
–
Jun 2016$2MSeed$‒‒‒‒‒–
Valuation history
DateValuationStage
Mar 2024$501.17Mβ€’β€’β€’β€’β€’β€’β€’β€’
Dec 2022$449.31Mβ€’β€’β€’β€’β€’β€’β€’β€’
Oct 2017$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
Jun 2016$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
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Last known valuation $501.17M (Mar 2024). 24 investors in total: 24 institutional.

Investors in KrazyBee

KrazyBee has secured backing from 24 investors, including institutional and venture fund investors. Prominent investors backing the company include Dezerv, Xiaomi and Yubi.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Private equity secondary market investments are managed diversely.
2011nqcap.comHong Kong, China
Venture capital investments in disruptive businesses and entrepreneurs across stages.
2022miraeassetvc.co.inMumbai, India
Provides venture capital for technology startups and enterprise innovations worldwide.
–premjiinvest.comBengaluru, India
Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors
–shunwei.comBeijing, China
Entrepreneurial ventures are supported by RK Ventures with capital.
–rkventures.comNew York, United States
Plum Ventures is recognized as a leading early-stage investment firm in China.
–plumventures.cnChangzhou, China
Mirae Asset is engaged in mutual fund and asset management services.
1997miraeassetmf.co.inMumbai, India
Private equity investments emphasizing people's development and business growth.
–alpineinvestors.com-
Private credit, direct lending, and sustainability-focused finance services in Asia Pacific.
–admcapital.com-
Tech & Life Sciences focused early stage VC firm investing in North America
–quarkventure.comVancouver, Canada
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Board of directors of Krazybee Services Limited (KrazyBee)

Krazybee Services Limited is the primary company behind KrazyBee. The board of Krazybee Services Limited currently have 11 directors; the longest-serving is Karthikeyan Krishnaswamy, appointed in 2016. 7 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Karthikeyan Krishnaswamy
DIN 07449376
Director16 Mar 201610 yrs 7 moKrazybee Services Limited
Madhusudan Ekambaram
DIN 07442577
Director16 Mar 201610 yrs 7 moKrazybee Services Limited
Adesh Gupta Kumar
DIN 00020403
Director28 May 20197 yrs 4 moKrazybee Services Limited
Abhishek Singhvi
DIN 07972535
Director28 May 20197 yrs 4 moKrazybee Services Limited
Shashikala Ramachandra
DIN 08087460
Director19 Jul 20242 yrs 2 moKrazybee Services Limited
Vivek Veda
DIN 07560229
CFO01 Sep 20242 yrs 1 moKrazybee Services Limited
Gagan Lalit Mohan Joshi
DIN 07807857
Nominee Director29 Aug 20251 yr 1 moKrazybee Services Limited
Mamtesh Sugla
DIN 08312311
Nominee Director29 Aug 20251 yr 1 moKrazybee Services Limited
Vinit Mukesh Mehta
DIN 08792902
Nominee Director29 Aug 20251 yr 1 moKrazybee Services Limited
Nattanmai Venkataraman Saravanan
DIN 06989767
Nominee Director29 Aug 20251 yr 1 moKrazybee Services Limited
Ravindra Prabhakar Sengaonkar
DIN 07474309
Director29 Aug 20251 yr 1 moKrazybee Services Limited

People of KrazyBee

2 people are tracked at KrazyBee (1 in leadership, 1 in team); the tracked headcount is 2,810.

NameRoleGroup
Co-Founder & CEOLeadership
Yash Thakkar
Business And Operations ManagerTeam
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Financials of KrazyBee

Figures of Krazybee Services Limited, the primary company behind KrazyBee, for FY 2024. Revenue was ₹1,400 Cr (+95% year on year). Net profit was ₹26.91 Cr. EBITDA was ₹507 Cr (36% margin). Revenue has grown at a compounded annual rate of +84% over three years and +89% over five years.

  • ₹1,400 CrRevenue · FY 2024 · +95% YoY
  • ₹26.91 CrNet profit
  • ₹507 CrEBITDA · 36% margin
  • ₹1,088 CrPaid-up capital
  • 2,810Employees (provident fund records)
  • +84%Revenue CAGR, 3 years
  • +89%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Krazybee Services Limited are on its company page.

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Timeline of KrazyBee

4 dated milestones of KrazyBee across 8 years, from founding to its latest funding, stage changes and deals.

  1. Founded KrazyBee is founded.
  2. Funding First funding round of $2.0M.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Debt – Conventional, of $32.1M.

Competitors of KrazyBee

KrazyBee has 8 listed competitors in our database, 2 of them funded. They include Bueno Finance, CredIn, Suriya Chits, Amros and BhavithaSri Chits, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
buenofinanceinc.com2019Gurugram, India$3.13M1
Provider of personal loans services
credin.in2018Vadodara, India$1.14M32
Personal loans are provided to individuals in India by CredIn.
suriyachits.com2015Thanjavur, India––
Suriya Chits offers comprehensive personal loan services to individuals.
amros.in2005Navi Mumbai, India––
Offers instant personal loans with digital application and easy EMIs.
bhavithasrichits.com2011Warangal, India–351
Offers comprehensive personal loan services to meet individual financial needs.
reduxfinance.com2017Delhi, India––
Provides comprehensive solutions for personal loans to individuals.
htcfinance.com2007Chennai, India––
Offers advisory for mutual funds, loans, insurance, and tax planning services.
sankulcapitalservices.co.in2021Palwal, India––
Provides microfinance loans and banking services to empower rural women and communities.
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Web traffic of KrazyBee

The website of KrazyBee (kbnbfc.in) receives about 471.7K visits a month and ranks #110,050 among all websites worldwide, #6,906 in Banking Credit and Lending.

  • Monthly visits
    471.7K

    ▲ 21% vs previous month

  • Unique visitors
    221.8K

    per month

  • Global rank
    #110,050

    among all websites

  • Category rank
    #6,906

    Finance · Banking Credit and Lending

Similar websites

Websites whose visitors overlap most with KrazyBee. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
canarabankcsis.in
canarabankcsis.in
100%
–––
hfs.in
hfs.in
100%
–#2,155,702–
mymoneymantra.com
100%
279.2K#153,125View details
loansjagat.com
100%
60K#656,595View details
centralbankofindia.co.in
100%
551.5K#83,181View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in Consumer and SME Loans

10 companies that operate in the same segment as KrazyBee (Consumer and SME Loans), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
A peer-to-peer marketplace for business loans is operated and developed.
2010London, England, United KingdomUSD 372.67 MUSD 299.61 M860
Synchrony is engaged in providing credit cards and banking services.
1993Salem, United StatesUSD 25 MUSD 19.12 B20,000
Consumer and SME loans are provided by Manappuram Finance.
1992Valapad, Kerala, IndiaUSD 39.98 MUSD 1.01 B51,650
Full-stack marketplace services for car ownership are provided.
2015Singapore, Singapore, SingaporeUSD 685.9 MUSD 806.83 M1,381
Affordable home loans are extended to low and middle-income groups.
2010Mumbai, Maharashtra, IndiaUSD 209.7 MUSD 203.79 M1,630
Diversified lending services are provided as a non-banking financial institution.
1994Mumbai, Maharashtra, India–USD 1.9 B36,520
Financial solutions including loans and insurance are offered.
2007Pune, Maharashtra, India–USD 15.24 B126
Household and business loans are provided with risk management support.
2006Chennai, Tamil Nadu, IndiaUSD 283.47 MUSD 288.73 M1,100
Online gold, home, personal, and business loans are provided.
1995Mumbai, Maharashtra, India–USD 1.38 B38,720
An online lending platform for point-of-sale financing is provided.
2013Bengaluru, Karnataka, IndiaUSD 205.92 MUSD 3.93 M499
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Related news about Krazybee

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Frequently Asked Questions about KrazyBee

KrazyBee was founded in 2016.

KrazyBee is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Madhusudan Ekambaram is the current CEO of KrazyBee. They have also founded this company.

KrazyBee is a funded company, having raised a total of $209.78M across 9 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jun 2016.

KrazyBee has 2,810 employees.

The primary company behind KrazyBee, Krazybee Services Limited, reported revenue of β‚Ή1,400 Cr for FY 2024, up 95% year on year.

KrazyBee was established in 2016 in Bengaluru, India, as a non-banking financial company. Credit solutions are provided through products such as student loans and personal loans. Partnerships are maintained to improve loan accessibility for borrowers. Operations are centered in the financial services sector, with a focus on lending options tailored to individual needs in the Indian market.

KrazyBee's top competitors include Bueno Finance, CredIn and BhavithaSri Chits.

KrazyBee has 24 investors. Key investors include Dezerv, Xiaomi, Yubi, MUFG Bank, and Oxyzo.

The valuation of KrazyBee is $501.17M as of Mar 2024.

KrazyBee operates through Krazybee Services Limited.

The legal entities of KrazyBee currently have 11 directors, including Gagan Lalit Mohan Joshi, Karthikeyan Krishnaswamy, Madhusudan Ekambaram and others.

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