About Prefr
Prefr is a company based in Hyderabad (India) founded in 2008 by Abhishek Agarwal and Rajiv Raj was acquired by CRED in November 2022.. Prefr has raised $10.41 million across 6 funding rounds from investors including CRED, Stride Ventures and Bharat Fund. The company has 283 employees as of April 08, 2024. Prefr operates in a competitive market with competitors including Epimoney, IndiaLends, Tala, i2i and TrillionLoans, among others.
- Headquarter Hyderabad, India
- Employees 283 as on 08 Apr, 2024
- Founders Abhishek Agarwal, Rajiv Raj
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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 Infocredit Services Private Limited
- Date of Incorporation 29 May, 2012
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$2.18 M (USD)-22.16as on Mar 31, 2021
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Net Profit
$-1.02 M (USD)51.83as on Mar 31, 2021
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EBITDA
$-1.39 M (USD)35.25as on Mar 31, 2021
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Total Equity Funding
$10.41 M (USD)
in 6 rounds
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Latest Funding Round
$95.77 K (USD), Series B
Dec 27, 2021
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Investors
CRED
& 14 more
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Employee Count
283
as on Apr 08, 2024
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Acquired by
CRED
(Nov 29, 2022)
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Funding Insights of Prefr
Prefr has successfully raised a total of $10.41M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $95.77 thousand completed in December 2021. 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 6
- Last Round Series B — $95,770
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First Round
First Round
(23 Sep 2014)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - Prefr | Valuation | Stride Ventures |
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| Jan, 2019 | Amount | Series B - Prefr | Valuation | Bharat Innovation Fund | |
| Sep, 2017 | Amount | Series B - Prefr | Valuation | Z47 |
| 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 Prefr
Prefr has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include CRED, Stride Ventures and Bharat Fund. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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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 Prefr
| 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 - Prefr
| 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 |
Prefr Comparisons
Competitors of Prefr
Prefr 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 Epimoney, IndiaLends, Tala, i2i and TrillionLoans, 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 |
Consumer and business loans are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Online platform providing loans and credit cards from various financial institutions
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| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
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| domain | founded_year | HQ Location |
Borrowers are connected with investors through P2P lending services.
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| domain | founded_year | HQ Location |
Gold loans are facilitated via an online consumer marketplace.
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| domain | founded_year | HQ Location |
Online P2P marketplace for consumer and business loans is operated.
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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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Frequently Asked Questions about Prefr
When was Prefr founded?
Prefr was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Where is Prefr located?
Prefr is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Prefr?
Abhishek Agarwal is the current CEO of Prefr. They have also founded this company.
Is Prefr a funded company?
Prefr is a funded company, having raised a total of $10.41M across 6 funding rounds to date. The company's 1st funding round was a Series B of $5M, raised on Sep 23, 2014.
How many employees does Prefr have?
As of Apr 08, 2024, the latest employee count at Prefr is 283.
What is the annual revenue of Prefr?
Annual revenue of Prefr is $2.18M as on Mar 31, 2021.
What does Prefr do?
Prefr was founded in 2008 in Hyderabad, India, and operates as an online platform in the fintech sector. Various loan products, such as personal loans, point-of-sale financing, cash advances, and term loans, are offered with tailored amounts, terms, and repayment schedules. Additional services including credit scores, health cards, and insurance are featured. The application is accessible on the Android platform.
Who are Prefr's investors?
Prefr has 15 investors. Key investors include CRED, Stride Ventures, Bharat Fund, Ryan Khoury, and Navroz D Udwadia.