About TradeCred
TradeCred is a Financial Services company based in Mumbai (India) founded in 2018 by Hardik Shah. Invoice financing is provided to businesses via a digital platform. TradeCred has raised $139.82 thousand across 1 funding round from investors including Neeraj Khubchandani, Hari Mundra and Bidya Kejriwal. TradeCred was last valued at $4.08 million in February 2020. Its chief executive, as recorded, is Hardik Shah. Its website tradecred.com draws about 25 thousand monthly visits. Its Indian entity Ikshavaku Software Ventures India Private Limited reported revenue of ₹39.54 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include KredX, FinAGG and Cashflo; 3 of its 3 listed competitors have raised funding.
Company details
TradeCred was established in 2018 in Mumbai, India, as a platform in the financial services sector. Invoice financing is offered to businesses to facilitate cash flow management. Operations focus on connecting suppliers and buyers for trade credit solutions. Services are delivered online, targeting small and medium enterprises in the region. The company is led by co-founder and CEO Hardik Shah.
- Headquarters Mumbai, India
- Founders Hardik Shah
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website tradecred.com
- Social LinkedIn X
- Legal Name Ikshavaku Software Ventures India Private Limited
- Date of Incorporation 23 May, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹39.54 Cr
FY 2024 · -18% YoY
- Net Profit₹6.24 Cr
FY 2024 · 16% margin
- EBITDA₹8.88 Cr
FY 2024 · 22% margin
- Total Equity Funding$139.82K (USD)
in 1 rounds
- Latest Funding Round$139.82K (USD), Angel Round
Feb 2020
Associated legal entities of TradeCred
TradeCred operates through Ikshavaku Software Ventures India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ikshavaku Software Ventures India Private Limited CIN U74999MH2018PTC309796 | Active | 23 May 2018 | Mumbai, Maharashtra | ₹39.5 Cr | 2 | View details |
Funding Insights of TradeCred
TradeCred has successfully raised a total of $139.82K through 1 strategic funding round. The most recent funding activity was a Angel Round of $139.82 thousand completed in February 2020. 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 $139,821
- Total Rounds 1
- Last Round Angel Round — $139,821
- First Round $139,821
(Feb 2020)
- Investors Count 13
All 1 funding rounds of TradeCred 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 |
|---|---|---|---|---|---|
| Feb 2020 | $139,821 | Angel Round | $4.08M | Vishal Gupta |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2020 | $4.08M | •••••••• |
Last known valuation $4.08M (Feb 2020). 13 investors in total: 0 institutional and 13 angel.
Investors in TradeCred
TradeCred has secured backing from 13 investors, including angel investors. Prominent investors backing the company include Neeraj Khubchandani, Hari Mundra and Bidya Kejriwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
NK Neeraj Khubchandani | unknown_b9db2dbb96fe49cdb | |||
HM Hari Mundra | unknown_f2ac9efb8c294a0c8 | |||
BK Bidya Kejriwal | unknown_cb6ed4e4621b483a9 | |||
BM Bhailal Maru | unknown_1aface3413504315a | |||
SB Samir Bangara | Angel investor, ex-MD of Qyuki, focused on tech and media startups | unknown_485df46e5703453a9 | ||
SP Sai Praneeth Chintalapati | unknown_ddcf35173c1143f89 | |||
SH Shweta Honagudi | unknown_d37fe1b160f24150a | |||
NV Navin Vohra | unknown_071cb5e649c349428 | |||
SV Srikanth Vemuri | unknown_05e48ce12f454eeca | |||
PS Pushkar Singh | Co-founder of LetsTransport, active angel investor in Indian startups | unknown_41ff5014b3f94a029 |
Investor details for TradeCred
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ikshavaku Software Ventures India Private Limited (TradeCred)
Ikshavaku Software Ventures India Private Limited is the primary company behind TradeCred. The board of Ikshavaku Software Ventures India Private Limited currently have 2 directors; the longest-serving is Hardik Paresh Shah, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hardik Paresh Shah DIN 08140838 | Managing Director | 23 May 2018 | 8 yrs 5 mo | Ikshavaku Software Ventures India Private Limited |
| Pathik Paresh Shah DIN 06953998 | Nominee Director | 01 Oct 2019 | 7 yrs 1 mo | Ikshavaku Software Ventures India Private Limited |
People of TradeCred
1 people are tracked at TradeCred (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for TradeCred
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 TradeCred
Figures of Ikshavaku Software Ventures India Private Limited, the primary company behind TradeCred, for FY 2024. Revenue was ₹39.54 Cr (-18% year on year). Net profit was ₹6.24 Cr (16% margin). EBITDA was ₹8.88 Cr (22% margin). Revenue has grown at a compounded annual rate of +49% over three years and +189% over five years.
- ₹39.54 CrRevenue · FY 2024 · -18% YoY
- ₹6.24 CrNet profit · 16% margin
- ₹8.88 CrEBITDA · 22% margin
- ₹97,700Paid-up capital
- +49%Revenue CAGR, 3 years
- +189%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ikshavaku Software Ventures India Private Limited are on its company page.
Detailed financial statements for TradeCred
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 TradeCred
3 dated milestones of TradeCred across 2 years, from founding to its latest funding, stage changes and deals.
- Founded TradeCred is founded.
- Funding First funding round of $140K.
- Milestone Reaches Minicorn status.
Competitors of TradeCred
TradeCred has 3 listed competitors in our database, 3 of them funded. They include KredX, FinAGG and Cashflo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kredx.com | 2015 | Bengaluru, India | $33.03M | 69 | Supply chain finance solutions and automation tools are provided. | |
| finagg.in | 2020 | Noida, India | $15.26M | 84 | Invoice-based financing solutions are provided for MSMEs. | |
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software |
Detailed competitors of TradeCred
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of TradeCred
The website of TradeCred (tradecred.com) receives about 25.1K visits a month.
- Monthly visits25.1K
▲ 56.3% vs previous month
Websites whose visitors overlap most with TradeCred. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| groww.in | 100% | 60M | #754 | View details | |
| cred.club | 53% | 1.6M | #37,205 | View details | |
| google.com | 28% | 85.8B | #1 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as TradeCred (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Tradecred
Complete news archive for TradeCred
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about TradeCred
TradeCred was founded in 2018 and raised its 1st funding round 2 years after it was founded.
TradeCred is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Hardik Shah is the CEO of TradeCred, as recorded in our data. They have also founded this company.
TradeCred is a funded company, having raised a total of $139.82K across 1 funding round to date. The company's 1st funding round was a Angel Round of $139.82K, raised on Feb 2020.
The primary company behind TradeCred, Ikshavaku Software Ventures India Private Limited, reported revenue of ₹39.54 Cr for FY 2024, down 18% year on year.
TradeCred was established in 2018 in Mumbai, India, as a platform in the financial services sector. Invoice financing is offered to businesses to facilitate cash flow management. Operations focus on connecting suppliers and buyers for trade credit solutions. Services are delivered online, targeting small and medium enterprises in the region. The company is led by co-founder and CEO Hardik Shah.
TradeCred has 13 investors. Key investors include Neeraj Khubchandani, Hari Mundra, Bidya Kejriwal, Bhailal Maru, and Samir Bangara.
The valuation of TradeCred is $4.08M as of Feb 2020.
TradeCred operates through Ikshavaku Software Ventures India Private Limited.
The legal entities of TradeCred currently have 2 directors, including Pathik Paresh Shah, Hardik Paresh Shah.