About Receivables Exchange of India
Receivables Exchange of India is a company based in Mumbai (India) founded in 2016.. The company has 119 employees as of March 31, 2024. Receivables Exchange of India offers products and services including TReDS Platform and RXIL Global. Receivables Exchange of India operates in a competitive market with competitors including Drip Capital, Invoicemart, Artfine, TradeCred and FinSpot, among others.
- Headquarter Mumbai, India
- Employees 119 as on 31 Mar, 2024
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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 Receivables Exchange Of India Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$7.48 M (USD)105.13as on Mar 31, 2024
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Net Profit
$3.18 M (USD)226.75as on Mar 31, 2024
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EBITDA
$3.29 M (USD)242.86as on Mar 31, 2024
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Latest Funding Round
- Investors
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Employee Count
119
as on Mar 31, 2024
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Products & Services of Receivables Exchange of India
Receivables Exchange of India offers a comprehensive portfolio of products and services, including TReDS Platform and RXIL Global. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online system for MSME invoice discounting and cash conversion.
Platform for cross-border trade financing and global enterprise support.
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Funding Insights of Receivables Exchange of India
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2016 | Amount | Seed - Receivables Exchange of India | Valuation | Yes Bank |
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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 Receivables Exchange of India
Receivables Exchange of India has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Yes Bank. 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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Commercial banking services are offered to individuals and businesses.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Receivables Exchange of India
| 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 - Receivables Exchange of India
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Receivables Exchange Of India Comparisons
Competitors of Receivables Exchange of India
Receivables Exchange of India 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 Drip Capital, Invoicemart, Artfine, TradeCred and FinSpot, 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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An online marketplace platform for trade financing is developed.
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Digital platform connecting MSMEs, buyers, and financiers for invoice discounting.
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Provider of bespoke supply chain finance solutions
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Invoice financing is provided to businesses via a digital platform.
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Marketplace of financial advisors
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Receivables Exchange Of India
Frequently Asked Questions about Receivables Exchange of India
When was Receivables Exchange of India founded?
Receivables Exchange of India was founded in 2016.
Where is Receivables Exchange of India located?
Receivables Exchange of India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Receivables Exchange of India?
Ketan Gaikwad is the current CEO of Receivables Exchange of India.
How many employees does Receivables Exchange of India have?
As of Mar 31, 2024, the latest employee count at Receivables Exchange of India is 119.
What is the annual revenue of Receivables Exchange of India?
Annual revenue of Receivables Exchange of India is $7.48M as on Mar 31, 2024.
What does Receivables Exchange of India do?
Receivables Exchange of India Ltd was established in 2016 as a joint venture between SIDBI and NSE in Mumbai, India. The company operates a Trade Receivables Discounting System platform under RBI guidelines, serving as the first approved TReDS entity in the country. Invoices from MSME sellers against large corporates, government departments, and PSUs are discounted online via auctions involving multiple financiers, enabling realization of receivables at market rates.
Who are the top competitors of Receivables Exchange of India?
Receivables Exchange of India's top competitors include Drip Capital, Artfine and TradeCred.
What products or services does Receivables Exchange of India offer?
Receivables Exchange of India offers TReDS Platform and RXIL Global.
Who are Receivables Exchange of India's investors?
Receivables Exchange of India has 1 investor. Key investors include Yes Bank.