About UpScale
UpScale is a Technology company based in Mumbai (India) founded in 2021 by Ram Kewalramani and Nirav Choksi. Cloud-based cash management solutions are offered to small businesses. It operates in the Technology and Financial Services sectors. The company has 181 employees. Its chief executive, as recorded, is Nirav Choksi. Its Indian entity Equentia Scf Technologies Private Limited reported revenue of ₹497 Cr. UpScale offers products and services including Business Loans, Payment Reminders, and Growth Tools. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Bizongo, GoKwik and Indifi; 3 of its 3 listed competitors have raised funding.
Company details
UpScale was founded in 2021 in Mumbai, India, as a provider of cloud-based cash management tools targeted at small-sized businesses. Account payable and receivable functions are handled, along with real-time payment reminders for clients and suppliers. Integrations with accounting systems, bank accounts, and inventory management support reporting and reconciliations. A marketplace is included for accessing working capital loans, point-of-sale financing, and invoice financing options.
- Headquarters Mumbai, India
- Employees 181
- Founders Ram Kewalramani, Nirav Choksi
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website upscale.cash
- Social LinkedIn X Facebook YouTube
- Legal Name Equentia Scf Technologies Private Limited
- Date of Incorporation 17 Mar, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹497 Cr
FY 2025 · +7% YoY
- Net Loss-₹34.61 Cr
FY 2025 · -7% margin
- EBITDA₹280 Cr
FY 2025 · 56% margin
- Employee Count181
Associated legal entities of UpScale
UpScale operates through Equentia Scf Technologies 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 |
|---|---|---|---|---|---|---|---|
| Equentia Scf Technologies Private Limited CIN U51100MH2017PTC292572 | Active | 17 Mar 2017 | Mumbai, Maharashtra | ₹497 Cr | 181 | 4 | View details |
Products & Services of UpScale
UpScale offers a comprehensive portfolio of products and services, including Business Loans, Payment Reminders, and Growth Tools.
Offers instant unsecured loans for business growth and working capital.
Automates reminders to collect payments from customers efficiently.
Verifies bank accounts and GST details for secure transactions.
Board of directors of Equentia Scf Technologies Private Limited (UpScale)
Equentia Scf Technologies Private Limited is the primary company behind UpScale. The board of Equentia Scf Technologies Private Limited currently have 4 directors; the longest-serving is Nirav Shaunak Choksi, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nirav Shaunak Choksi DIN 00906553 | Director | 17 Mar 2017 | 9 yrs 7 mo | Equentia Scf Technologies Private Limited |
| Ram Prakash Kewalramani DIN 00575917 | Director | 27 May 2017 | 9 yrs 5 mo | Equentia Scf Technologies Private Limited |
| Rajiv Ramnarayan DIN 02119561 | Director | 07 Jul 2017 | 9 yrs 4 mo | Equentia Scf Technologies Private Limited |
| Sandeep Somani DIN 02808056 | Director | 09 Apr 2018 | 8 yrs 7 mo | Equentia Scf Technologies Private Limited |
People of UpScale
2 people are tracked at UpScale (2 in leadership); the tracked headcount is 181.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for UpScale
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Financials of UpScale
Figures of Equentia Scf Technologies Private Limited, the primary company behind UpScale, for FY 2025. Revenue was ₹497 Cr (+7% year on year). Net loss was -₹34.61 Cr (-7% margin). EBITDA was ₹280 Cr (56% margin). Revenue has grown at a compounded annual rate of +199% over three years and +75% over five years.
- ₹497 CrRevenue · FY 2025 · +7% YoY
- -₹34.61 CrNet loss · -7% margin
- ₹280 CrEBITDA · 56% margin
- ₹20.4 LakhPaid-up capital
- 181Employees (provident fund records)
- +199%Revenue CAGR, 3 years
- +75%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Equentia Scf Technologies Private Limited are on its company page.
Detailed financial statements for UpScale
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Competitors of UpScale
UpScale has 3 listed competitors in our database, 3 of them funded. They include Bizongo, GoKwik and Indifi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| gokwik.co | 2020 | Delhi, India | $73.02M | 304 | Software solutions are provided for e-commerce and D2C brands. | |
| indifi.com | 2015 | Gurugram, India | $90.76M | 500 | Online business loans and credit solutions for MSMEs are provided. |
Detailed competitors of UpScale
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Web traffic of UpScale
Websites that share an audience with UpScale (upscale.cash).
Websites whose visitors overlap most with UpScale. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ashvfinance.com | 100% | 2.6K | #6,718,921 | View details | |
| rupeeboss.com | 90% | 19.1K | #1,125,441 | View details | |
| i2ifunding.com | 81% | 61.4K | #425,529 | View details | |
| indifi.com | 64% | 86.5K | #368,317 | View details | |
| dmifinance.in | 61% | 682.3K | #51,856 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Upscale
Complete news archive for UpScale
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Frequently Asked Questions about UpScale
UpScale was founded in 2021.
UpScale is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nirav Choksi is the CEO of UpScale, as recorded in our data. They have also founded this company.
UpScale has 181 employees.
The primary company behind UpScale, Equentia Scf Technologies Private Limited, reported revenue of ₹497 Cr for FY 2025, up 7% year on year.
UpScale was founded in 2021 in Mumbai, India, as a provider of cloud-based cash management tools targeted at small-sized businesses. Account payable and receivable functions are handled, along with real-time payment reminders for clients and suppliers. Integrations with accounting systems, bank accounts, and inventory management support reporting and reconciliations. A marketplace is included for accessing working capital loans, point-of-sale financing, and invoice financing options.
UpScale offers Business Loans, Payment Reminders, and Growth Tools.
UpScale operates through Equentia Scf Technologies Private Limited.
The legal entities of UpScale currently have 4 directors, including Rajiv Ramnarayan, Nirav Shaunak Choksi, Ram Prakash Kewalramani and others.