About KredX
KredX is a company based in Bengaluru (India) founded in 2015 by Anurag Jain and Manish Kumar.. KredX has raised $33.03 million across 3 funding rounds from investors including Peak XV Partners, Tiger Global and Prime Venture Partners. KredX has completed 1 acquisition, including Hummingbill. KredX operates in a competitive market with competitors including Vayana, Veefin, Cashflo, CredAble and Shengye Capital, among others.
- Headquarter Bengaluru, India
- Founders Anurag Jain, Manish Kumar
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.03 M (USD)
in 3 rounds
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Latest Funding Round
$26 M (USD), Series B
Nov 26, 2019
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Investors
Peak XV Partners
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of KredX
KredX has successfully raised a total of $33.03M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $26 million completed in November 2019. 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 3
- Last Round Series B — $26.0M
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First Round
First Round
(30 Sep 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2019 | Amount | Series B - KredX | Valuation | Tiger Global Management |
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| Oct, 2016 | Amount | Series A - KredX | Valuation | Peak XV Partners | |
| Sep, 2015 | Amount | Seed - KredX | Valuation | Prime Venture Partners |
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| 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 KredX
KredX has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Peak XV Partners, Tiger Global and Prime Venture Partners. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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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 KredX
KredX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hummingbill. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based invoice management solutions are offered for businesses.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - KredX
| 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 |
Kredx Comparisons
Competitors of KredX
KredX 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 Vayana, Veefin, Cashflo, CredAble and Shengye Capital, 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 |
Platform for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
SaaS-based supply chain financing solutions are delivered globally.
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| domain | founded_year | HQ Location |
Provider of accounts payable automation, payment, compliance, and vendor management software
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| domain | founded_year | HQ Location |
Provider of working capital and supply chain finance solutions for businesses
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| domain | founded_year | HQ Location |
Supply chain financing is facilitated through an online marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Kredx
Frequently Asked Questions about KredX
When was KredX founded?
KredX was founded in 2015.
Where is KredX located?
KredX is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of KredX?
Manish Kumar is the current CEO of KredX. They have also founded this company.
Is KredX a funded company?
KredX is a funded company, having raised a total of $33.03M across 3 funding rounds to date. The company's 1st funding round was a Seed of $758.72K, raised on Sep 30, 2015.
What does KredX do?
KredX was founded in 2015 in Bengaluru, India, within the supply chain finance sector. Financing services including factoring, reverse factoring, and importexport options are offered to businesses. Automation for accounts receivable and payable processes is facilitated, along with dynamic discounting and B2B payment features. A platform supporting trade finance and receivables automation is maintained to address operational needs.
How many acquisitions has KredX made?
KredX has made 1 acquisition, including Hummingbill.
Who are KredX's investors?
KredX has 3 investors. Key investors include Peak XV Partners, Tiger Global, and Prime Venture Partners.
What is KredX's valuation?
The valuation of KredX is $146.51M as of Nov 2019.
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