India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#305- Valuation
- ₹12,500 Cr
2022 #275 2021 #407
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About slice
slice is a Financial Services company based in Guwahati (India) founded in 2015 by Rajan Bajaj, Pallavi Shrivastava, and Himanshu Chandra. Digital platform for banking and financial services is operated. slice has raised $431.82 million across 16 funding rounds from investors including InCred, AU Small Finance Bank and Axis Bank. The company has 3,391 employees. slice has completed 1 acquisition, including PayPal India. slice was last valued at $450 million in September 2026. Its chief executive, as recorded, is Rajan Bajaj. Its website sliceit.com draws about 77 thousand monthly visits. Its Indian entity Garagepreneurs Internet Private Limited reported revenue of ₹868 Cr. slice offers products and services including Savings Account and Fixed Deposit. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks. Its competitors include Uni Cards, OneCard and Paytail; 3 of its 3 listed competitors have raised funding.
Company details
Slice was founded in 2015 in Guwahati, India, as an operator of a digital platform in the financial services sector. Savings accounts and fixed deposits are offered, along with digital account management and customer support features. Operations focus on secure transactions, with industry best practices applied for fraud prevention and overall security. The platform serves users in India through its online domain, sliceit.com.
Recognitions & Rankings of slice
- Headquarters Guwahati, India
- Employees 3,391
- Founders Rajan Bajaj, Pallavi Shrivastava, Himanshu Chandra
- Stage Unicorn
- SectorsFinancial Services
- Website category Home and Garden
- Email••••••••
- Phone•••• ••••
- Website sliceit.com
- Social LinkedIn X Facebook Instagram
- Legal Name Garagepreneurs Internet Private Limited
- Date of Incorporation 12 Jun, 2015
- Jurisdiction Gmc, Assam, India
Operational Areas
Key Metrics
- Annual Revenue₹868 Cr
FY 2023 · +196% YoY
- Net Loss-₹406 Cr
FY 2023 · -47% margin
- EBITDA-₹214 Cr
FY 2023 · -25% margin
- Total Equity Funding$431.82M (USD)
in 16 rounds
- Latest Funding Round$7.77M (USD), Debt – Conventional
Jul 2024
- InvestorsInCred
& 80 more
- Employee Count3,391
- Investments & Acquisitions
Associated legal entities of slice
slice is associated with 3 registered companies on The Company Check; the primary company is Garagepreneurs Internet Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Garagepreneurs Internet Private Limited CIN U72900AS2015PTC026165 | Amalgamated | 12 Jun 2015 | Gmc, Assam | ₹868 Cr | 247 | 6 | View details |
| Ambiciosa Spark Llp CIN AAY-3221 | Strike Off | 25 Aug 2021 | Alwar, Rajasthan | 2 | View details | ||
| Slice Small Finance Bank Limited CIN U65100AS2016PLC017505 | Active | 25 Jul 2016 | Gmc, Assam | ₹251 Cr | 2,523 | 11 | View details |
Products & Services of slice
slice offers a comprehensive portfolio of products and services, including Savings Account and Fixed Deposit.
Savings Account
Banking Service
Account providing daily interest at 100% RBI repo rate with no hidden fees.
Fixed Deposit
Investment Product
Fixed deposits offering up to 9% interest per annum with instant withdrawal options.
Apps and channels of slice
slice publishes 1 mobile app with over 10M+ downloads.
Funding Insights of slice
slice has successfully raised a total of $431.82M across 16 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $7.77 million completed in July 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 $431.82M
- Total Rounds 16
- Last Round Debt – Conventional — $7.77M
- First Round $500,000
(Jul 2015)
- Investors Count 81
Latest 10 of 16 funding rounds of slice 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 |
|---|---|---|---|---|---|
| Jul 2024 | $7.77M | Debt – Conventional | – | – | |
| Jun 2024 | $20M | Debt – Conventional | – | – | |
| Nov 2023 | $9.01M | Debt – Conventional | – | – | |
| May 2022 | $50M | Series C | $1.33B | Tiger Global Management | |
| Jan 2022 | $15.97M | Series B | $1.24B | – | |
| Nov 2021 | $220M | Series B | $••••• | Tiger Global Management, Insight Partners | |
| Jul 2021 | $10.14M | Debt – Conventional | – | – | |
| Jun 2021 | $21.49M | Series A | $••••• | Blume Ventures | |
| May 2021 | $22.59M | Debt – Conventional | – | – | |
| Nov 2020 | $5.25M | Debt – Conventional | – | – |
Valuation history
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $1.33B | •••••••• |
| Jan 2022 | $1.24B | •••••••• |
| Nov 2021 | $••••• | •••••••• |
| Jun 2021 | $••••• | •••••••• |
| Jun 2020 | $••••• | •••••••• |
| Sep 2019 | $••••• | •••••••• |
| Jul 2018 | $••••• | •••••••• |
| Jul 2017 | $••••• | •••••••• |
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Full valuation and stage history of slice
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $450M (Sep 2026). 81 investors in total: 64 institutional and 17 angel.
Investors in slice
slice has secured backing from 81 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include InCred, AU Small Finance Bank and Axis Bank.
All
Venture Fund
Institutional
Angel
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt is provided to growth-stage companies for business scaling. | strideventures.global | Delhi, India | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Early-stage tech ventures in the US and Asia are funded. | gmo-vp.com | Shibuya, Japan | ||
Venture capital investments are directed toward multiple sectors by Lenarco. | Nicosia, Cyprus | |||
Investments are focused on agtech, renewable energy, and transportation sectors. | moore-ventures.com | Los Angeles, United States | ||
Growth investments are managed by this private equity firm. | sunleyhouse.com | Boston, United States | ||
Global investments are managed by Anfa across multiple sectors. | anfavc.com | London, United Kingdom | ||
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Investment in technology solutions for finance sectors such as lending and insurance. | 2017 | dmisparklefund.in | New Delhi, India |
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Investor details for slice
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Garagepreneurs Internet Private Limited (slice)
Garagepreneurs Internet Private Limited is the primary company behind slice. The boards of the 3 registered companies of slice currently have 11 directors; the longest-serving is Sanjay Kumar Bajaj, appointed in 2019. 39 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Kumar Bajaj DIN 08417798 | Director | 23 Apr 2019 | 7 yrs 6 mo | Garagepreneurs Internet Private Limited |
| Ram Krishna Garg DIN 02164119 | Director | 25 May 2021 | 5 yrs 5 mo | Slice Small Finance Bank Limited |
| Tapan Kumar Hazarika DIN 08088195 | Director | 30 Jun 2021 | 5 yrs 4 mo | Slice Small Finance Bank Limited |
| Nikita Bajaj DIN 09451459 | Designated Partner | 06 Jan 2022 | 4 yrs 10 mo | Ambiciosa Spark Llp |
| Rajan Bajaj DIN 07197443 | Whole-time director | 21 Jul 2023 | 3 yrs 3 mo | Slice Small Finance Bank Limited, Ambiciosa Spark Llp, Garagepreneurs Internet Private Limited |
| Shrimohan Yadav DIN 10461785 | Director | 19 Jan 2024 | 2 yrs 9 mo | Slice Small Finance Bank Limited |
| Satish Kumar Kalra DIN 01952165 | Managing Director | 17 Feb 2024 | 2 yrs 8 mo | Slice Small Finance Bank Limited |
| Nikhil Sachdev DIN 09500698 | Nominee Director | 27 Oct 2024 | 2 yrs | Slice Small Finance Bank Limited, Garagepreneurs Internet Private Limited |
| Ashish Bhupendra Fafadia DIN 06663764 | Nominee Director | 27 Oct 2024 | 2 yrs | Slice Small Finance Bank Limited, Garagepreneurs Internet Private Limited |
| Koodathumuriyil Verghese Eapen DIN 01613015 | Director | 08 May 2025 | 1 yr 6 mo | Slice Small Finance Bank Limited |
| Eugene Karthak DIN 08743508 | Director | 08 May 2025 | 1 yr 6 mo | Slice Small Finance Bank Limited, Garagepreneurs Internet Private Limited |
People of slice
134 people are tracked at slice (28 in leadership, 106 in team); the tracked headcount is 3,391.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Pallavi Shrivastava | Co-Founder & Managing Director | Leadership |
Himanshu Chandra | Co-Founder | Leadership |
mikami chandrasekaran | Head Of People Operations | Leadership |
Caroleen Rebbecca S | Talent Partner | Leadership |
Vinay Singh | Head | Leadership |
Siddharth Saraswat | Director | Leadership |
Sarthak Dalabehera | Principal Engineer (director Level) | Leadership |
Nitin Basant | Chief Technology Officer | Leadership |
Bhawna Sangwan | Chief Legal And Strategy Officer | Leadership |
Prateek Jain | Director Of Engineering | Leadership |
Rajat Verma | Senior Director Of Engineering | Leadership |
Dev Kudtharkar | Head Of Information Technology | Leadership |
Vishal Singh | VP Engineering | Leadership |
Mahima Garg | Chief Risk Officer | Leadership |
Upendra Kumar Singh | Head Of Engineering | Leadership |
Kunal Kashyap | Head Of Secured Assets | Leadership |
Shaziya A. | Head Of ED Office & Corporate Affairs | Leadership |
Abhinaw Kumar | Director,fraud Risk Strategy | Leadership |
Kethan Srivathsava S. | Head Of Merchant Banking | Leadership |
114 more people are available in the full profile.
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Financials of slice
Figures of Garagepreneurs Internet Private Limited, the primary company behind slice, for FY 2023. Revenue was ₹868 Cr (+196% year on year). Net loss was -₹406 Cr (-47% margin). EBITDA was -₹214 Cr (-25% margin). Revenue has grown at a compounded annual rate of +177% over three years and +203% over five years.
- ₹868 CrRevenue · FY 2023 · +196% YoY
- -₹406 CrNet loss · -47% margin
- -₹214 CrEBITDA · -25% margin
- ₹51.8 LakhPaid-up capital
- 247Employees (provident fund records)
- +177%Revenue CAGR, 3 years
- +203%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Garagepreneurs Internet Private Limited are on its company page.
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Investments & Acquisitions by slice
slice has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PayPal India.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Secure digital payment solutions are provided by PayPal India. | trustio.in | Delhi, India | 2016 | Feb 2017 | •••• |
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Timeline of slice
6 dated milestones of slice across 9 years, from founding to its latest funding, stage changes and deals.
- Founded slice is founded.
- Funding First funding round of $500K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires PayPal India.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $7.8M.
Competitors of slice
slice has 3 listed competitors in our database, 3 of them funded. They include Uni Cards, OneCard and Paytail.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| uni.cards | 2020 | Bengaluru, India | $104.11M | 211 | A gold rewards credit card program is provided for users. | |
| getonecard.app | 2019 | Pune, India | $262.1M | 954 | Provider of metal credit cards with a mobile application interface | |
| paytail.com | 2020 | Gurugram, India | $1.78M | 56 | Finance and e-commerce solutions are enabled via instant EMI loans. |
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Detailed competitors of slice
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Web traffic of slice
The website of slice (sliceit.com) receives about 76.8K visits a month and ranks #503,153 among all websites worldwide, #8,718 in Home and Garden.
- Monthly visits76.8K
▼ 14.3% vs previous month
- Unique visitors53.7K
per month
- Global rank#503,153
among all websites
- Category rank#8,718
Home and Garden · Home and Garden
Visitor engagement
- Bounce rate62%
- Pages per visit1.4
- Average visit10 sec
- DevicesDesktop 3% · Mobile 97%
Similar websites
Websites whose visitors overlap most with slice. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details | |
| bread-maker.net | 79% | View details |
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Frequently Asked Questions about slice
slice was founded in 2015.
slice is headquartered in Guwahati, India. It is registered at Guwahati, Assam, India.
Rajan Bajaj is the CEO of slice, as recorded in our data. They have also founded this company.
slice is a funded company, having raised a total of $431.82M across 16 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $5.25M, raised on Jul 2015.
slice has 3,391 employees.
The primary company behind slice, Garagepreneurs Internet Private Limited, reported revenue of ₹868 Cr for FY 2023, up 196% year on year.
Slice was founded in 2015 in Guwahati, India, as an operator of a digital platform in the financial services sector. Savings accounts and fixed deposits are offered, along with digital account management and customer support features. Operations focus on secure transactions, with industry best practices applied for fraud prevention and overall security. The platform serves users in India through its online domain, sliceit.com.
slice offers Savings Account and Fixed Deposit.
slice has made 1 acquisition, including PayPal India.
slice has 81 investors. Key investors include InCred, AU Small Finance Bank, Axis Bank, Angel List, and Northern Arc Capital.
The valuation of slice is $450M as of Sep 2026.