About ONEMi
ONEMi is a Financial Services company based in Chennai (India) founded in 2011. EMI-based financing for e-commerce purchases is provided. ONEMi has raised $5 million across 1 funding round. The company has 1 employees. Its Indian entity Aasaan Retail Private Limited reported revenue of ₹23.5 Lakh. ONEMi offers products and services including Personal Loans, Business Loans, and Secured Loans. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans.
Company details
ONEMi was founded in 2011 in Chennai, India, as an alternative payments provider in the fintech sector. E-commerce purchases are financed through EMI options, including those linked to credit and debit cards. A checkout platform is utilized for loan approvals, which are delivered within 90 seconds. Operations focus on enabling flexible payment solutions for online transactions. A merger with FastBanking was executed in 2016 to expand capabilities.
- Headquarters Chennai, India
- Employees 1
- SectorsFinancial Services
- Website onemi.in
- Social LinkedIn X
- Legal Name Aasaan Retail Private Limited
- Date of Incorporation 25 Oct, 2011
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹23.5 Lakh
FY 2023
- Net Profit₹20.8 Lakh
FY 2023 · 89% margin
- EBITDA₹22.7 Lakh
FY 2023 · 97% margin
- Total Equity Funding$5M (USD)
in 1 rounds
- Latest Funding Round$5M (USD), Series A
Jun 2014
- Employee Count1
Associated legal entities of ONEMi
ONEMi operates through Aasaan Retail Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aasaan Retail Private Limited CIN U52100TN2011PTC082893 | Strike Off | 25 Oct 2011 | Chennai, Tamil Nadu | ₹0.2 Cr | 2 | View details |
Products & Services of ONEMi
ONEMi offers a comprehensive portfolio of products and services, including Personal Loans, Business Loans, and Secured Loans.
Fast digital loans for individuals with minimal documentation and quick disbursal.
Hassle-free loans for entrepreneurs to support business growth in India.
Loans against property for financial needs with seamless digital processes.
Funding Insights of ONEMi
ONEMi has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in June 2014. 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 $5M
- Total Rounds 1
- Last Round Series A — $5M
- First Round $5M
(Jun 2014)
All 1 funding rounds of ONEMi 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 |
|---|---|---|---|---|---|
| Jun 2014 | $5M | Series A | – | – | – |
Board of directors of Aasaan Retail Private Limited (ONEMi)
Aasaan Retail Private Limited is the primary company behind ONEMi. The board of Aasaan Retail Private Limited currently have 2 directors; the longest-serving is Abhijit Bhandari, appointed in 2015. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhijit Bhandari DIN 00227993 | Director | 07 Aug 2015 | 11 yrs 3 mo | Aasaan Retail Private Limited |
| Preet Vardhan DIN 05101170 | Director | 12 May 2016 | 10 yrs 5 mo | Aasaan Retail Private Limited |
Financials of ONEMi
Figures of Aasaan Retail Private Limited, the primary company behind ONEMi, for FY 2023. Revenue was ₹23.5 Lakh. Net profit was ₹20.8 Lakh (89% margin). EBITDA was ₹22.7 Lakh (97% margin). Revenue has grown at a compounded annual rate of +131% over three years and -19% over five years.
- ₹23.5 LakhRevenue · FY 2023
- ₹20.8 LakhNet profit · 89% margin
- ₹22.7 LakhEBITDA · 97% margin
- ₹4.17 CrPaid-up capital
- +131%Revenue CAGR, 3 years
- -19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Aasaan Retail Private Limited are on its company page.
Detailed financial statements for ONEMi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of ONEMi
2 dated milestones of ONEMi across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ONEMi is founded.
- Funding First funding round of $5.0M.
Web traffic of ONEMi
The website of ONEMi (onemi.in) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 17.2% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as ONEMi (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 Onemi
Complete news archive for ONEMi
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Frequently Asked Questions about ONEMi
ONEMi was founded in 2011 and raised its 1st funding round 3 years after it was founded.
ONEMi is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
ONEMi is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Jun 2014.
ONEMi has 1 employees.
The primary company behind ONEMi, Aasaan Retail Private Limited, reported revenue of ₹23.5 Lakh for FY 2023.
ONEMi was founded in 2011 in Chennai, India, as an alternative payments provider in the fintech sector. E-commerce purchases are financed through EMI options, including those linked to credit and debit cards. A checkout platform is utilized for loan approvals, which are delivered within 90 seconds. Operations focus on enabling flexible payment solutions for online transactions. A merger with FastBanking was executed in 2016 to expand capabilities.
ONEMi offers Personal Loans, Business Loans, and Secured Loans.
ONEMi operates through Aasaan Retail Private Limited.
The legal entities of ONEMi currently have 2 directors, including Abhijit Bhandari, Preet Vardhan.