About Solfin
Solfin is a company based in Gurugram (India) founded in 2022 by Gautam Kaushik and Pramod Mahanta.. Solfin has raised $11.69 million across 1 funding round from investors including Waaree Sustainable Finance. The company has 1 employees as of July 22, 2024. Solfin has completed 1 acquisition, including Dhanvikas. Solfin operates in a competitive market with competitors including Apollo Finvest, Xtracap Fintech, Globe Fincap, TezzCapital and Starteck Finance, among others.
- Headquarter Gurugram, India
- Employees 1 as on 22 Jul, 2024
- Founders Gautam Kaushik, Pramod Mahanta
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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 Xsfinance And Investment Private Limited
- Date of Incorporation 01 Dec, 2022
- Jurisdiction Sadar Bazar, Haryana, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-3.32 K (USD)0as on Mar 31, 2023
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EBITDA
$-3.32 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$11.69 M (USD)
in 1 rounds
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Latest Funding Round
$11.69 M (USD), Series B
May 17, 2025
- Investors
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Employee Count
1
as on Jul 22, 2024
- Investments & Acquisitions
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Funding Insights of Solfin
Solfin has successfully raised a total of $11.69M through 1 strategic funding round. The most recent funding activity was a Series B round of $11.69 million completed in May 2025. 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 1
- Last Round Series B — $11.7M
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First Round
First Round
(17 May 2025)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2025 | Amount | Series B - Solfin | Valuation |
investors |
| 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 Solfin
Solfin has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Waaree Sustainable Finance. 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 |
| 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 Solfin
Solfin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Dhanvikas. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Solar energy services are provided to residential and commercial customers.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Solfin
| 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 |
Solfin Comparisons
Competitors of Solfin
Solfin 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 Apollo Finvest, Xtracap Fintech, Globe Fincap, TezzCapital and Starteck Finance, 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 |
Digital loans are enabled for companies to offer.
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| domain | founded_year | HQ Location |
Small business loans are extended to enterprises by Xtracap Fintech.
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| domain | founded_year | HQ Location |
Offers comprehensive SME loan solutions to support business growth.
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| domain | founded_year | HQ Location |
Offers a lending-as-a-service platform for MSME loans to support business growth.
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| domain | founded_year | HQ Location |
Financing solutions are provided to retail and small-medium enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Solfin
When was Solfin founded?
Solfin was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Where is Solfin located?
Solfin is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Solfin a funded company?
Solfin is a funded company, having raised a total of $11.69M across 1 funding round to date. The company's 1st funding round was a Series B of $11.69M, raised on May 17, 2025.
How many employees does Solfin have?
As of Jul 22, 2024, the latest employee count at Solfin is 1.
What does Solfin do?
Solfin was founded in 2022 and is headquartered in Gurugram, India. Loans are extended to small and medium enterprises within the renewable energy sector, specifically for solar initiatives. Collaboration with real estate developers is maintained to finance and manage the construction of community-scale, ground-mounted solar arrays. Clean power generation is facilitated through these projects across India.
Who are the top competitors of Solfin?
Solfin's top competitors include Xtracap Fintech, Apollo Finvest and Starteck Finance.
How many acquisitions has Solfin made?
Solfin has made 1 acquisition, including Dhanvikas.
Who are Solfin's investors?
Solfin has 1 investor. Key investors include Waaree Sustainable Finance.