About Xpedize
Xpedize is a Financial Services company based in Gurugram (India) founded in 2017 by Regan Mithani and Deepak Gugnani, and was acquired by Clear in March 2022. SaaS-based dynamic discounting software connects suppliers, buyers, and investors. It operates in the Financial Services and Technology sectors. Xpedize has raised $2.23 million across 4 funding rounds from investors including Clear, LetsVenture and HDFC Capital. The company has 24 employees. Xpedize was last valued at $4.41 million in December 2020. Its Indian entity Xpedize Ventures Private Limited reported revenue of ₹15.84 Cr. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Quote to Cash. Its competitors include Epimoney, IndiaLends and i2i; 2 of its 3 listed competitors have raised funding.
Company details
Xpedize was founded in 2017 in Gurugram, India, as a provider of SaaS-based dynamic discounting software in the fintech sector. Investors, suppliers, and buyers are connected through the platform, enabling suppliers to extend dynamic cash discounts for accelerated payments. Compliance is supported via an integrated audit trail, while supplier relationships are strengthened. Operations focus on streamlining financial transactions across supply chains.
- Headquarters Gurugram, India
- Employees 24
- Founders Regan Mithani, Deepak Gugnani
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website xpedize.com
- Social LinkedIn X Facebook Instagram
- Acquired by Clear (Mar 2022)
- Legal Name Xpedize Ventures Private Limited
- Date of Incorporation 11 Aug, 2017
- Jurisdiction Gurugram, Haryana, India
Associated legal entities of Xpedize
Xpedize operates through Xpedize Ventures 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 |
|---|---|---|---|---|---|---|---|
| Xpedize Ventures Private Limited CIN U74999HR2017PTC070319 | Active | 11 Aug 2017 | Gurugram, Haryana | ₹15.8 Cr | 24 | 2 | View details |
Apps and channels of Xpedize
Xpedize publishes 2 mobile apps with over 600K+ downloads.
Funding Insights of Xpedize
Xpedize has successfully raised a total of $2.23M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $928.36 thousand completed in February 2022. 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 $2.23M
- Total Rounds 4
- Last Round Seed — $928,361
- First Round $214,699
(Aug 2018)
- Investors Count 12
All 4 funding rounds of Xpedize 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 2022 | $928,361 | Seed | – | YourNest, HDFC Capital | |
| Dec 2020 | $958,000 | Seed | $4.41M | YourNest | |
| Mar 2020 | $132,913 | Angel Round | $4.19M | Amit Goel | |
| Aug 2018 | $214,699 | Seed | $••••• | Kishore Bindhumadhav Chitale |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2020 | $4.41M | •••••••• |
| Mar 2020 | $4.19M | •••••••• |
| Aug 2018 | $••••• | •••••••• |
Full valuation and stage history of Xpedize
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 $4.41M (Dec 2020). 13 investors in total: 8 institutional and 5 angel.
Investors in Xpedize
Xpedize has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Clear, LetsVenture and HDFC Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage DeepTech venture capital funding and support services in India. | 2011 | yournest.in | Gurugram, India | |
Investment in alternative assets, businesses, and funds in India. | 2006 | lumispartners.com | Gurugram, India | |
| teamlaunchpad.vc | ||||
Venture capital financing and ecosystem support for early-stage startups globally. | 2019 | turbostart.co | ||
Invests in affordable housing projects through real estate funds in India. | 2015 | hdfccapital.com | Mumbai, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Technology-enabled accounting and finance solutions are offered for SMBs. | 2011 | clear.in | Bengaluru, India | |
KB Kishore Bindhumadhav Chitale | unknown_310a3fd3632849268 | |||
AS Amandeep Singh Bhullar | unknown_5447c3b7f839460c8 |
Investor details for Xpedize
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Board of directors of Xpedize Ventures Private Limited (Xpedize)
Xpedize Ventures Private Limited is the primary company behind Xpedize. The board of Xpedize Ventures Private Limited currently have 2 directors; the longest-serving is Srivatsan Ravindran Chari, appointed in 2022. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srivatsan Ravindran Chari DIN 05229187 | Director | 11 Mar 2022 | 4 yrs 7 mo | Xpedize Ventures Private Limited |
| Ankit Rajesh Solanki DIN 05229207 | Director | 11 Mar 2022 | 4 yrs 7 mo | Xpedize Ventures Private Limited |
People of Xpedize
2 people are tracked at Xpedize (2 in leadership); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Director | Leadership |
Complete people profiles for Xpedize
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Financials of Xpedize
Figures of Xpedize Ventures Private Limited, the primary company behind Xpedize, for FY 2025. Revenue was ₹15.84 Cr (+91% year on year). Net profit was ₹2.81 Cr (18% margin). EBITDA was ₹2.86 Cr (18% margin). Revenue has grown at a compounded annual rate of +125% over three years and +145% over five years.
- ₹15.84 CrRevenue · FY 2025 · +91% YoY
- ₹2.81 CrNet profit · 18% margin
- ₹2.86 CrEBITDA · 18% margin
- ₹2 LakhPaid-up capital
- 24Employees (provident fund records)
- +125%Revenue CAGR, 3 years
- +145%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Xpedize Ventures Private Limited are on its company page.
Detailed financial statements for Xpedize
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Xpedize
5 dated milestones of Xpedize across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Xpedize is founded.
- Funding First funding round of $215K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $928K.
- Exit Acquired by Clear.
Competitors of Xpedize
Xpedize has 3 listed competitors in our database, 2 of them funded. They include Epimoney, IndiaLends and i2i.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| epimoney.in | 1995 | Chennai, India | 623 | Consumer and business loans are facilitated via an online platform. | ||
| indialends.com | 2014 | Gurugram, India | $30.11M | 221 | Online platform providing loans and credit cards from various financial institutions | |
| i2ifunding.com | 2015 | Noida, India | $934,120 | 33 | Borrowers are connected with investors through P2P lending services. |
Detailed competitors of Xpedize
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Top companies in Alternative Lending
3 companies that operate in the same segment as Xpedize (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 |
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Related news about Xpedize
Complete news archive for Xpedize
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Frequently Asked Questions about Xpedize
Xpedize was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Xpedize is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Xpedize is a funded company, having raised a total of $2.23M across 4 funding rounds to date. The company's 1st funding round was a Seed of $214.7K, raised on Aug 2018.
Xpedize has 24 employees.
The primary company behind Xpedize, Xpedize Ventures Private Limited, reported revenue of ₹15.84 Cr for FY 2025, up 91% year on year.
Xpedize was founded in 2017 in Gurugram, India, as a provider of SaaS-based dynamic discounting software in the fintech sector. Investors, suppliers, and buyers are connected through the platform, enabling suppliers to extend dynamic cash discounts for accelerated payments. Compliance is supported via an integrated audit trail, while supplier relationships are strengthened. Operations focus on streamlining financial transactions across supply chains.
Xpedize's top competitors include Epimoney, i2i and IndiaLends.
Xpedize has 13 investors. Key investors include Clear, LetsVenture, HDFC Capital, Lumis Partners, and YourNest.
The valuation of Xpedize is $4.41M as of Dec 2020.
Xpedize operates through Xpedize Ventures Private Limited.
Yes. Xpedize was acquired by Clear in March 2022.
The legal entities of Xpedize currently have 2 directors, including Srivatsan Ravindran Chari, Ankit Rajesh Solanki.