Tijoree

Mumbai, India Founded: 2020 • Age: 6 yrs
Digital banking services for businesses are provided online.

About Tijoree

Tijoree is a Financial Services company based in Mumbai (India) founded in 2020 by Harsh Meswani, Raghav Chaturvedi, and Mokssh Surve. Digital banking services for businesses are provided online. Tijoree has raised $2.24 million across 2 funding rounds from investors including Manipal Group, Nexus Venture Partners and Gaurav Samdaria. Its chief executive, as recorded, is Mokssh Surve. Its Indian entity Tijoree Invest Private Limited reported revenue of β‚Ή11.19 Cr. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its competitors include Open, Chqbook and ZikZuk; 3 of its 3 listed competitors have raised funding.

Company details

Tijoree was founded in 2020 in Mumbai, India, as an internet-first bank focused on the fintech sector. Digital banking services are offered to businesses through an online platform that includes current accounts, savings, deposits, debit and credit cards, payroll management, fund transfers, payments, and overdraft facilities. Rewards and cashback options are also provided. Two distinct products with varying features are available to users.

  • Headquarters Mumbai, India
  • Founders Harsh Meswani, Raghav Chaturvedi, Mokssh Surve
  • Sectors
    Financial Services
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website tijoree.money
  • Social LinkedIn X Facebook
  • Legal Name Tijoree Invest Private Limited
  • Date of Incorporation 15 Dec, 2020
  • Jurisdiction Mumbai, Maharashtra, India
Key Metrics
  • Annual Revenue
    ₹11.19 Cr

    FY 2025 · +2601% YoY

  • Net Loss
    -₹9.79 Cr

    FY 2025 · -87% margin

  • EBITDA
    -₹9.24 Cr

    FY 2025 · -83% margin

  • Total Equity Funding
    $2.24M (USD)

    in 2 rounds

  • Latest Funding Round
    $2.24M (USD), Seed

    Oct 2024

  • Investors

Funding Insights of Tijoree

Tijoree has successfully raised a total of $2.24M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.24 million completed in October 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 $2.24M
  • Total Rounds 2
  • Last Round Seed β€” $2.24M
  • Investors Count 3

All 2 funding rounds of Tijoree with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Oct 2024$2.24MSeed–Nexus Venture Partners
Mar 2023Seed––
–
Valuation history

3 investors in total: 2 institutional and 1 angel.

Investors in Tijoree

Tijoree has secured backing from 3 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Manipal Group, Nexus Venture Partners and Gaurav Samdaria.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Venture capital firm that partners with entrepreneurs for product-first companies.
2006nexusvp.comMenlo Park, United States
Education, healthcare, insurance, and research services are provided globally.
1993manipalgroup.comBengaluru, India

Gaurav Samdaria

Angel investor, ex-entrepreneur, focused on early-stage Indian startups
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Investor details for Tijoree

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Board of directors of Tijoree Invest Private Limited (Tijoree)

Tijoree Invest Private Limited is the primary company behind Tijoree. The board of Tijoree Invest Private Limited currently have 3 directors; the longest-serving is Harsh Hital Meswani, appointed in 2020. 1 earlier director has ceased.

DirectorDesignationAppointedTenureEntity
Harsh Hital Meswani
DIN 08996510
Director15 Dec 20205 yrs 10 moTijoree Invest Private Limited
Mokssh Sailesh Surve
DIN 07911670
Director15 Dec 20205 yrs 10 moTijoree Invest Private Limited
Raghav Rajesh Chaturvedi
DIN 09235178
Director13 Jul 20215 yrs 3 moTijoree Invest Private Limited

People of Tijoree

8 people are tracked at Tijoree (4 in leadership, 4 in team).

NameRoleGroup
Co-FounderLeadership
Co-FounderLeadership
Co-Founder & CEOLeadership
Kartikeya Mehta
Founder's OfficeLeadership
Nagaraju M
OperationsTeam
Manoj Chavan
Senior Software EngineerTeam
Divyam Thapliyal
Software DeveloperTeam
Amit Saini
Technical ArchitectTeam
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Financials of Tijoree

Figures of Tijoree Invest Private Limited, the primary company behind Tijoree, for FY 2025. Revenue was ₹11.19 Cr (+2601% year on year). Net loss was -₹9.79 Cr (-87% margin). EBITDA was -₹9.24 Cr (-83% margin). Revenue has grown at a compounded annual rate of +1199% over three years.

  • ₹11.19 CrRevenue · FY 2025 · +2601% YoY
  • -₹9.79 CrNet loss · -87% margin
  • -₹9.24 CrEBITDA · -83% margin
  • ₹1.66 CrPaid-up capital
  • 29Employees (provident fund records)
  • +1199%Revenue CAGR, 3 years

Balance sheet, profit and loss, cash flow and ratios of Tijoree Invest Private Limited are on its company page.

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Detailed financial statements for Tijoree

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Timeline of Tijoree

3 dated milestones of Tijoree across 4 years, from founding to its latest funding, stage changes and deals.

  1. Founded Tijoree is founded.
  2. Funding First funding round.
  3. Funding Latest funding round, Seed, of $2.2M.

Competitors of Tijoree

Tijoree has 3 listed competitors in our database, 3 of them funded. They include Open, Chqbook and ZikZuk.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
open.money2017Bengaluru, India$232.9M267
A platform is operated for streamlining business payments and invoicing.
chqbook.com2017Gurugram, India$12.33M2
Provider of banking, lending, insurance, and transaction management solutions for small businesses
zikzuk.com2011Hyderabad, India$1.43M443
Neobanking and business intelligence platforms are offered to SMEs.
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Detailed competitors of Tijoree

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Web traffic of Tijoree

The website of Tijoree (tijoree.money) receives about 1.5K visits a month.

  • Monthly visits
    1.5K

    ▼ 1.3% vs previous month

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Related news about Tijoree

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Frequently Asked Questions about Tijoree

Tijoree was founded in 2020 and raised its 1st funding round 3 years after it was founded.

Tijoree is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Mokssh Surve is the CEO of Tijoree, as recorded in our data. They have also founded this company.

Tijoree is a funded company, having raised a total of $2.24M across 2 funding rounds to date.

The primary company behind Tijoree, Tijoree Invest Private Limited, reported revenue of β‚Ή11.19 Cr for FY 2025, up 2601% year on year.

Tijoree was founded in 2020 in Mumbai, India, as an internet-first bank focused on the fintech sector. Digital banking services are offered to businesses through an online platform that includes current accounts, savings, deposits, debit and credit cards, payroll management, fund transfers, payments, and overdraft facilities. Rewards and cashback options are also provided. Two distinct products with varying features are available to users.

Tijoree's top competitors include Open, ZikZuk and Chqbook.

Tijoree has 3 investors. Key investors include Manipal Group, Nexus Venture Partners, and Gaurav Samdaria.

Tijoree operates through Tijoree Invest Private Limited.

The legal entities of Tijoree currently have 3 directors, including Harsh Hital Meswani, Mokssh Sailesh Surve, Raghav Rajesh Chaturvedi.

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