About NeoGrowth
NeoGrowth is a Financial Services company based in Mumbai (India) founded in 2011. Digital credit platform providing financial solutions to underserved small- and micro- retailers. NeoGrowth has raised $156.09 million across 18 funding rounds from investors including Vivriti Capital, 360 One and LeapFrog Investments. The company has 664 employees. NeoGrowth was last valued at $102.5 million in June 2022. Its Indian entity Neogrowth Credit Private Limited reported revenue of ₹750 Cr. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its competitors include Fino Paytech, InstantPay and Queekpay; 2 of its 3 listed competitors have raised funding.
Company details
NeoGrowth was founded in 2011 in Mumbai, India, as a digital credit platform focused on the fintech sector. Collateral-free business loans are extended to micro, small, and medium enterprises, particularly underserved retailers. Operations center on a digital banking platform that leverages technology and payment data to deliver tailored financial solutions for sectors including restaurants, pharmacies, apparel shops, and other small businesses across India.
- Headquarters Mumbai, India
- Employees 664
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website neogrowth.in
- Social LinkedIn X Facebook
- Legal Name Neogrowth Credit Private Limited
- Date of Incorporation 17 May, 1993
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹750 Cr
FY 2025 · +25% YoY
- Net Profit₹9.02 Cr
FY 2025 · 1% margin
- EBITDA₹307 Cr
FY 2025 · 41% margin
- Total Equity Funding$156.09M (USD)
in 18 rounds
- Latest Funding Round$8.78M (USD), Series D
Oct 2026
- InvestorsVivriti Capital
& 24 more
- Employee Count664
Associated legal entities of NeoGrowth
NeoGrowth operates through Neogrowth Credit Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Neogrowth Credit Private Limited CIN U51504MH1993PTC251544 | Active | 17 May 1993 | Mumbai, Maharashtra | ₹750 Cr | 664 | 11 | View details |
Funding Insights of NeoGrowth
NeoGrowth has successfully raised a total of $156.09M across 18 strategic funding rounds. The most recent funding activity was a Series D round of $8.78 million completed in October 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 $156.09M
- Total Rounds 18
- Last Round Series D — $8.78M
- First Round $3.08M
(May 2013)
- Investors Count 25
Latest 10 of 18 funding rounds of NeoGrowth 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 |
|---|---|---|---|---|---|
| Oct 2026 | Debt – Conventional | – | – | ||
| Oct 2026 | $8.78M | Series D | – | – | |
| Nov 2024 | $4.98M | Debt – Conventional | – | – | |
| Jul 2024 | $11.2M | Debt – Conventional | – | – | |
| Jan 2023 | $10M | Debt – Conventional | – | – | |
| Dec 2022 | $36.35M | Series D | – | FMO | |
| Nov 2022 | $20M | Debt – Conventional | – | – | |
| Jun 2022 | $6.41M | Series D | $102.5M | LeapFrog Investments | |
| Sep 2021 | $8.98M | Series D | $73.3M | Omidyar Network, Accion | |
| Jan 2021 | $15.06M | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $102.5M | •••••••• |
| Sep 2021 | $73.3M | •••••••• |
| Jan 2018 | $••••• | •••••••• |
| Mar 2015 | $••••• | •••••••• |
| Mar 2014 | $••••• | •••••••• |
| May 2013 | $••••• | •••••••• |
Full valuation and stage history of NeoGrowth
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
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Verified entity values are shown only after access is granted.
Last known valuation $102.5M (Jun 2022). 25 investors in total: 22 institutional and 3 angel.
Investors in NeoGrowth
NeoGrowth has secured backing from 25 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Vivriti Capital, 360 One and LeapFrog Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact investing is managed through private equity by Symbiotics Group. | symbioticsgroup.com | Geneva, Switzerland | ||
Venture debt and private equity investments are provided by MicroVest. | 2003 | microvestfund.com | Bethesda, United States | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Investing in technology, digital culture, governance, and business initiatives. | 2004 | omidyar.com | Redwood City, United States | |
Early-stage impact investments are made primarily in India. | khoslaimpact.com | Menlo Park, United States | ||
Buyouts are targeted through private equity investments by WestBridge. | westbridge.co.uk | Mayfair, United Kingdom | ||
Private equity fund focused on banking, finance, healthcare, and multiple sectors | 2007 | leapfroginvest.com | Johannesburg, South Africa | |
Fintech investments focused on financial inclusion and global economic growth. | 2015 | quona.com | ||
Venture capital fund focused on fintech companies | accionfrontierinclusion.tcc.mode | |||
Private equity firm focused on healthcare, renewable energy, education, and other sectors | 2019 | lr-india.com | Bengaluru, India |
Investor details for NeoGrowth
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Neogrowth Credit Private Limited (NeoGrowth)
Neogrowth Credit Private Limited is the primary company behind NeoGrowth. The board of Neogrowth Credit Private Limited currently have 9 directors; the longest-serving is Piyushkumar Khaitan Kusum, appointed in 2012. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Piyushkumar Khaitan Kusum DIN 00002579 | Director | 07 Jun 2012 | 14 yrs 4 mo | Neogrowth Credit Private Limited |
| Dhruv Kumar Khaitan DIN 00002584 | Director | 07 Jun 2012 | 14 yrs 4 mo | Neogrowth Credit Private Limited |
| Ganesh Venkateshwaran Rengaswamy DIN 02656783 | Nominee Director | 29 Jul 2015 | 11 yrs 2 mo | Neogrowth Credit Private Limited |
| Bindu Ananth DIN 02456029 | Director | 10 Oct 2019 | 7 yrs | Neogrowth Credit Private Limited |
| Arun Kumar Nayyar DIN 06804277 | Managing Director | 12 Dec 2022 | 3 yrs 10 mo | Neogrowth Credit Private Limited |
| Ramakrishnan Subramanian DIN 02192747 | Nominee Director | 27 Mar 2023 | 3 yrs 6 mo | Neogrowth Credit Private Limited |
| Suresh Jayaraman DIN 03033110 | Director | 27 Mar 2023 | 3 yrs 6 mo | Neogrowth Credit Private Limited |
| Purana Housdurgam Vijaya Deepti DIN 08125456 | Nominee Director | 09 Sep 2024 | 2 yrs 1 mo | Neogrowth Credit Private Limited |
| Pranav Kumar DIN 07896173 | Nominee Director | 23 Apr 2025 | 1 yr 6 mo | Neogrowth Credit Private Limited |
People of NeoGrowth
4 people are tracked at NeoGrowth (3 in leadership, 1 in team); the tracked headcount is 664.
| Name | Role | Group |
|---|---|---|
Deepak Goswami | CFO | Leadership |
| Founder & Chairman - NeoGrowth Credit Pvt. Ltd. | Leadership | |
Ghanshyam Shettigar | Sr Vice President - Treasury | Leadership |
Swapnali Londhe | Executive Finance Account | Team |
Complete people profiles for NeoGrowth
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Financials of NeoGrowth
Figures of Neogrowth Credit Private Limited, the primary company behind NeoGrowth, for FY 2025. Revenue was ₹750 Cr (+25% year on year). Net profit was ₹9.02 Cr (1% margin). EBITDA was ₹307 Cr (41% margin). Revenue has grown at a compounded annual rate of +27% over three years and +17% over five years.
- ₹750 CrRevenue · FY 2025 · +25% YoY
- ₹9.02 CrNet profit · 1% margin
- ₹307 CrEBITDA · 41% margin
- ₹93.37 CrPaid-up capital
- 664Employees (provident fund records)
- +27%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Neogrowth Credit Private Limited are on its company page.
Detailed financial statements for NeoGrowth
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of NeoGrowth
4 dated milestones of NeoGrowth across 15 years, from founding to its latest funding, stage changes and deals.
- Founded NeoGrowth is founded.
- Funding First funding round of $3.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series D, of $8.8M.
Competitors of NeoGrowth
NeoGrowth has 3 listed competitors in our database, 2 of them funded. They include Fino Paytech, InstantPay and Queekpay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| finopaytech.com | 2006 | Mumbai, India | $176.53M | 20 | Technology solutions for banking and financial sectors are provided. | |
| instantpay.in | 2013 | Delhi, India | $4.99M | 146 | Digital banking solutions are provided for business operations and finances. | |
| queekpay.com | 2024 | Ahmedabad, India | Delivers comprehensive software solutions for banking management. |
Detailed competitors of NeoGrowth
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of NeoGrowth
The website of NeoGrowth (neogrowth.in) receives about 9.4K visits a month.
- Monthly visits9.4K
▼ 26.4% vs previous month
Websites whose visitors overlap most with NeoGrowth. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
capitalfloat.com | capitalfloat.com | 100% | – | ||
| emicalculator.site | 96% | #1,189,218 | View details | ||
| ibsintelligence.com | 92% | 84.9K | #478,100 | View details | |
| flourishventures.com | 62% | #1,182,860 | View details | ||
| ambit.co | 53% | 33.7K | #688,737 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for NeoGrowth
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Verified entity values are shown only after access is granted.
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Related news about Neogrowth
Complete news archive for NeoGrowth
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Articles about NeoGrowth on our blog
Frequently Asked Questions about NeoGrowth
NeoGrowth was founded in 2011 and raised its 1st funding round 2 years after it was founded.
NeoGrowth is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
NeoGrowth is a funded company, having raised a total of $156.09M across 18 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $15.06M, raised on May 2013.
NeoGrowth has 664 employees.
The primary company behind NeoGrowth, Neogrowth Credit Private Limited, reported revenue of ₹750 Cr for FY 2025, up 25% year on year.
NeoGrowth was founded in 2011 in Mumbai, India, as a digital credit platform focused on the fintech sector. Collateral-free business loans are extended to micro, small, and medium enterprises, particularly underserved retailers. Operations center on a digital banking platform that leverages technology and payment data to deliver tailored financial solutions for sectors including restaurants, pharmacies, apparel shops, and other small businesses across India.
NeoGrowth's top competitors include Fino Paytech, InstantPay and Queekpay.
NeoGrowth has 25 investors. Key investors include Vivriti Capital, 360 One, LeapFrog Investments, Accion, and Triodos Bank.
The valuation of NeoGrowth is $102.5M as of Jun 2022.
NeoGrowth operates through Neogrowth Credit Private Limited.
The legal entities of NeoGrowth currently have 11 directors, including Ganesh Venkateshwaran Rengaswamy, Piyushkumar Khaitan Kusum, Bindu Ananth and others.