About NeoGrowth
NeoGrowth is a company based in Mumbai (India) founded in 2011.. NeoGrowth has raised $147.31 million across 16 funding rounds from investors including Vivriti Capital, 360 One and LeapFrog Investments. The company has 664 employees as of October 08, 2025. NeoGrowth operates in a competitive market with competitors including Fino Paytech, InstantPay, Queekpay, Truhome Finance and GST Jan Seva Kendra, among others.
- Headquarter Mumbai, India
- Employees 664 as on 08 Oct, 2025
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Neogrowth Credit Private Limited
- Date of Incorporation 17 May, 1993
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$42.48 M (USD)24.75as on Mar 31, 2019
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Net Profit
$605.58 K (USD)118.32as on Mar 31, 2019
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EBITDA
$12.31 M (USD)31.2as on Mar 31, 2019
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Total Equity Funding
$147.31 M (USD)
in 16 rounds
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Latest Funding Round
$4.98 M (USD), Debt – Conventional
Nov 26, 2024
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Investors
Vivriti Capital
& 24 more
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Employee Count
664
as on Oct 08, 2025
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Funding Insights of NeoGrowth
NeoGrowth has successfully raised a total of $147.31M across 16 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $4.98 million completed in November 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 Total Funding
- Total Rounds 16
- Last Round Debt – Conventional — $5.0M
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First Round
First Round
(22 May 2013)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Debt – Conventional - NeoGrowth | Valuation |
investors |
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| Jul, 2024 | Amount | Debt – Conventional - NeoGrowth | Valuation |
investors |
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| Jan, 2023 | Amount | Debt – Conventional - NeoGrowth | Valuation |
investors |
| 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 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. 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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Impact investing is managed through private equity by Symbiotics Group.
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Founded Year | Domain | Location | |
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Venture debt and private equity investments are provided by MicroVest.
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Founded Year | Domain | Location | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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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 NeoGrowth
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 |
Financial Statements - NeoGrowth
| 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 |
Neogrowth Comparisons
Competitors of NeoGrowth
NeoGrowth 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 Fino Paytech, InstantPay, Queekpay, Truhome Finance and GST Jan Seva Kendra, 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 |
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| domain | founded_year | HQ Location |
Technology solutions for banking and financial sectors are provided.
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| domain | founded_year | HQ Location |
Digital banking solutions are provided for business operations and finances.
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| domain | founded_year | HQ Location |
Delivers comprehensive software solutions for banking management.
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| domain | founded_year | HQ Location |
Provides home loans, property loans, and balance transfers to customers in India.
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| domain | founded_year | HQ Location |
Platform for banking, bill payments, taxation, and recharge services in rural areas.
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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 Neogrowth
Frequently Asked Questions about NeoGrowth
When was NeoGrowth founded?
NeoGrowth was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is NeoGrowth located?
NeoGrowth is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is NeoGrowth a funded company?
NeoGrowth is a funded company, having raised a total of $147.31M across 16 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $10M, raised on May 22, 2013.
How many employees does NeoGrowth have?
As of Oct 08, 2025, the latest employee count at NeoGrowth is 664.
What is the annual revenue of NeoGrowth?
Annual revenue of NeoGrowth is $42.48M as on Mar 31, 2019.
What does NeoGrowth do?
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.
Who are the top competitors of NeoGrowth?
NeoGrowth's top competitors include Fino Paytech, InstantPay and Queekpay.
Who are NeoGrowth's investors?
NeoGrowth has 25 investors. Key investors include Vivriti Capital, 360 One, LeapFrog Investments, Accion, and Triodos Bank.
What is NeoGrowth's valuation?
The valuation of NeoGrowth is $102.5M as of Jun 2022.
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