About RemitGuru
RemitGuru is a Financial Services company based in Mumbai (India) founded in 2012 by Hershel Asmani and Vishwas Patel. It serves as a banking channel for cross-border money transfers. It operates on a B2C model. RemitGuru has raised $52.92 million across 2 funding rounds from investors including Paytm, Infibeam Avenues and One97 Communications. The company has 203 employees. RemitGuru was last valued at $22.44 million in May 2021. Its chief executive, as recorded, is Vishwas Patel. Its Indian entity Fable Fintech Private Limited reported revenue of ₹36.37 Cr. Its focus areas include Banking and Payments, Remittances and Cross-Border Transfers.
Company details
RemitGuru, based in Mumbai, focuses on offering financial products and advice, banking and payments, remittances, and cross-border transfers. Serves as a banking channel for cross-border money transfers. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Mumbai, India
- Employees 203
- Founders Hershel Asmani, Vishwas Patel
- Stage Minicorn
- SectorsFinancial Services
- Website remitguru.com
- Social X Facebook
- Legal Name Fable Fintech Private Limited
- Date of Incorporation 27 Dec, 1999
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹36.37 Cr
FY 2025 · +62% YoY
- Net Loss-₹11.69 Cr
FY 2025 · -32% margin
- EBITDA-₹10.59 Cr
FY 2025 · -29% margin
- Total Equity Funding$52.92M (USD)
in 2 rounds
- Latest Funding Round$50M (USD), Series A
May 2021
- InvestorsPaytm
& 6 more
- Employee Count203
Associated legal entities of RemitGuru
RemitGuru operates through Fable Fintech 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 |
|---|---|---|---|---|---|---|---|
| Fable Fintech Private Limited CIN U72200MH1999PTC123313 | Active | 27 Dec 1999 | Mumbai, Maharashtra | ₹36.4 Cr | 203 | 3 | View details |
Funding Insights of RemitGuru
RemitGuru has successfully raised a total of $52.92M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in May 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 $52.92M
- Total Rounds 2
- Last Round Series A — $50M
- First Round $2.92M
(May 2017)
- Investors Count 7
All 2 funding rounds of RemitGuru 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 |
|---|---|---|---|---|---|
| May 2021 | $50M | Series A | – | – | |
| May 2017 | $2.92M | Seed | $16.07M | One97 Communications |
| Date | Valuation | Stage |
|---|---|---|
| May 2021 | $22.44M | •••••••• |
| May 2017 | $16.07M | •••••••• |
Last known valuation $22.44M (May 2021). 7 investors in total: 5 institutional and 2 angel.
Investors in RemitGuru
RemitGuru has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Paytm, Infibeam Avenues and One97 Communications.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | paytm.com | Noida, India | |
Digital payment solutions and enterprise software platforms are provided. | 2007 | ia.ooo | Gandhinagar, India | |
Merchant accounting, credit card processing, and payment gateway solutions for businesses | 2001 | ccavenue.com | Gandhinagar, India | |
Wallet-based payment solutions are provided for consumers and businesses. | 2000 | one97.com | Noida, India | |
Non-banking financial company specializes in providing a range of financial products & services | 1887 | muthootfincorp.com | Thiruvananthapuram, India | |
MP Mrudula Parekh | unknown_368671937bef4d8fb | |||
BP Bharati Parekh | unknown_3578adfd00be45759 |
Investor details for RemitGuru
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Fable Fintech Private Limited (RemitGuru)
Fable Fintech Private Limited is the primary company behind RemitGuru. The board of Fable Fintech Private Limited currently have 3 directors; the longest-serving is Naushad Jehangir Contractor, appointed in 2021. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naushad Jehangir Contractor DIN 01587876 | Director | 06 Jul 2021 | 5 yrs 4 mo | Fable Fintech Private Limited |
| Sunil Satyanarayan Dayma DIN 00264850 | Director | 29 Jun 2024 | 2 yrs 4 mo | Fable Fintech Private Limited |
| Rohit Razdan DIN 05138893 | Nominee Director | 25 Nov 2024 | 1 yr 11 mo | Fable Fintech Private Limited |
People of RemitGuru
2 people are tracked at RemitGuru (2 in leadership); the tracked headcount is 203.
| Name | Role | Group |
|---|---|---|
| Co-Founder, Director | Leadership | |
| Co-Founder, CEO | Leadership |
Complete people profiles for RemitGuru
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of RemitGuru
Figures of Fable Fintech Private Limited, the primary company behind RemitGuru, for FY 2025. Revenue was ₹36.37 Cr (+62% year on year). Net loss was -₹11.69 Cr (-32% margin). EBITDA was -₹10.59 Cr (-29% margin). Revenue has grown at a compounded annual rate of +45% over three years and +31% over five years.
- ₹36.37 CrRevenue · FY 2025 · +62% YoY
- -₹11.69 CrNet loss · -32% margin
- -₹10.59 CrEBITDA · -29% margin
- ₹1.52 CrPaid-up capital
- 203Employees (provident fund records)
- +45%Revenue CAGR, 3 years
- +31%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fable Fintech Private Limited are on its company page.
Detailed financial statements for RemitGuru
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of RemitGuru
4 dated milestones of RemitGuru across 9 years, from founding to its latest funding, stage changes and deals.
- Founded RemitGuru is founded.
- Funding First funding round of $2.9M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $50.0M.
Web traffic of RemitGuru
The website of RemitGuru (remitguru.com) receives about 3.3K visits a month.
- Monthly visits3.3K
▲ 78.5% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as RemitGuru (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Remitguru
Complete news archive for RemitGuru
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Frequently Asked Questions about RemitGuru
RemitGuru was founded in 2012 and raised its 1st funding round 5 years after it was founded.
RemitGuru is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vishwas Patel is the CEO of RemitGuru, as recorded in our data. They have also founded this company.
RemitGuru is a funded company, having raised a total of $52.92M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.92M, raised on May 2017.
RemitGuru has 203 employees.
The primary company behind RemitGuru, Fable Fintech Private Limited, reported revenue of ₹36.37 Cr for FY 2025, up 62% year on year.
RemitGuru, based in Mumbai, focuses on offering financial products and advice, banking and payments, remittances, and cross-border transfers. Serves as a banking channel for cross-border money transfers. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
RemitGuru has 7 investors. Key investors include Paytm, Infibeam Avenues, One97 Communications, Muthoot Fincorp, and CCAvenue.
The valuation of RemitGuru is $22.44M as of May 2021.
RemitGuru operates through Fable Fintech Private Limited.
The legal entities of RemitGuru currently have 3 directors, including Rohit Razdan, Naushad Jehangir Contractor, Sunil Satyanarayan Dayma.