About Xtracap Fintech
Xtracap Fintech is a Financial Services company based in Gurugram (India) founded in 2017 by Raghunandan K Bharadwaj, GopiKrishana Udandarao, and Nitin Verma, and was acquired by IIFL Fintech Fund in September 2025. Small business loans are extended to enterprises by Xtracap Fintech. Xtracap Fintech has raised $3.52 million across 3 funding rounds from investors including 360 One, Kaizer Siraj and Iifl Open Fintech. The company has 45 employees. Xtracap Fintech was last valued at $6.22 million in March 2025. Its chief executive, as recorded, is Mohammed Riaz. Its Indian entity Xtracap Fintech India Private Limited reported revenue of ₹33 Lakh. Xtracap Fintech offers products and services including Xtracapneo and Bridge2Capital. Its focus areas include FinTech, Alternative Lending, Enablers and Lending-as-a-service. Its competitors include Apollo Finvest, Globe Fincap and TezzCapital.
Company details
Xtracap Fintech was established in 2017 and is based in Gurugram, India. Small business loans are provided through its fintech operations in the financial services sector. Credit risk and operations are handled by designated leaders, with technology infrastructure overseen by the CTO. Services target small enterprises across India, supported by a team of co-founders including Raghunandan K Bharadwaj and GopiKrishna Udandarao. The domain xtracapindia.com is utilized for online activities.
- Headquarters Gurugram, India
- Employees 45
- Founders Raghunandan K Bharadwaj, GopiKrishana Udandarao, Nitin Verma
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website xtracapindia.com
- Social LinkedIn X Facebook YouTube
- Acquired by IIFL Fintech Fund (Sep 2025)
- Legal Name Xtracap Fintech India Private Limited
- Date of Incorporation 25 May, 2017
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹33 Lakh
FY 2023 · +120% YoY
- Net Loss-₹2.53 Cr
FY 2023 · -767% margin
- EBITDA-₹1.71 Cr
FY 2023 · -518% margin
- Total Equity Funding$3.52M (USD)
in 3 rounds
- Latest Funding Round$1.17M (USD), Seed
Mar 2025
- Investors360 One
& 3 more
- Employee Count45
- Acquired byIIFL Fintech Fund
(Sep 2025)
Associated legal entities of Xtracap Fintech
Xtracap Fintech operates through Xtracap Fintech India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Xtracap Fintech India Private Limited CIN U72900DL2017PTC318226 | Active | 25 May 2017 | New Delhi, Delhi | ₹0.3 Cr | 45 | 3 | View details |
Products & Services of Xtracap Fintech
Xtracap Fintech offers a comprehensive portfolio of products and services, including Xtracapneo and Bridge2Capital.
App for Anchor Brands to analyze GST and onboard partners.
App for Dealers to access short-term credit facilities.
Apps and channels of Xtracap Fintech
its YouTube channel Bridge2Capital has 324 subscribers and 30 videos.
Videos from Xtracap Fintech
The most watched videos on Xtracap Fintech's YouTube channel, Bridge2Capital (324 subscribers). Click a video to play it here.
More on Bridge2Capital.
Funding Insights of Xtracap Fintech
Xtracap Fintech has successfully raised a total of $3.52M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.17 million completed in March 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 $3.52M
- Total Rounds 3
- Last Round Seed — $1.17M
- First Round $1M
(May 2019)
- Investors Count 3
All 3 funding rounds of Xtracap Fintech 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 |
|---|---|---|---|---|---|
| Mar 2025 | $1.17M | Seed | $6.22M | Iifl Open Fintech | – |
| Aug 2023 | $1.35M | Seed | $2.46M | 360 One | – |
| May 2019 | $1M | Angel Round | – | Kaizer Siraj | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2025 | $6.22M | •••••••• |
| Aug 2023 | $2.46M | •••••••• |
Last known valuation $6.22M (Mar 2025). 4 investors in total: 3 institutional and 1 angel.
Investors in Xtracap Fintech
Xtracap Fintech has secured backing from 4 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include 360 One, Kaizer Siraj and Iifl Open Fintech.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments in fintech are targeted by IIFL Fintech Fund. | ||||
Asset and wealth management software is provided for businesses. | 2008 | 360.one | Mumbai, India | |
KS Kaizer Siraj | unknown_98ece1fcd1e04a928 |
Investor details for Xtracap Fintech
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Verified entity values are shown only after access is granted.
Board of directors of Xtracap Fintech India Private Limited (Xtracap Fintech)
Xtracap Fintech India Private Limited is the primary company behind Xtracap Fintech. The board of Xtracap Fintech India Private Limited currently have 3 directors; the longest-serving is Riaz Mohammed, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Riaz Mohammed DIN 06466959 | Director | 25 May 2017 | 9 yrs 5 mo | Xtracap Fintech India Private Limited |
| Govind Chandak DIN 10336044 | Nominee Director | 27 Sep 2023 | 3 yrs 1 mo | Xtracap Fintech India Private Limited |
| Nitin Verma DIN 10336059 | Director | 26 Oct 2023 | 3 yrs | Xtracap Fintech India Private Limited |
People of Xtracap Fintech
8 people are tracked at Xtracap Fintech (5 in leadership, 3 in team); the tracked headcount is 45.
| Name | Role | Group |
|---|---|---|
Raghunandan K Bharadwaj | Co-Founder | Leadership |
GopiKrishana Udandarao | Co-Founder & Head Credit Risk and Operations | Leadership |
| Co-Founder & CTO | Leadership | |
| CEO & Managing Director | Leadership | |
Gopi Krishna | Co-Founder | Leadership |
Shilpy Singh | Senior Manager | Team |
Prateek R. | Business Development Manager | Team |
Neha Gauttam | Sales Executive | Team |
Complete people profiles for Xtracap Fintech
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Financials of Xtracap Fintech
Figures of Xtracap Fintech India Private Limited, the primary company behind Xtracap Fintech, for FY 2023. Revenue was ₹33 Lakh (+120% year on year). Net loss was -₹2.53 Cr (-767% margin). EBITDA was -₹1.71 Cr (-518% margin). Revenue has grown at a compounded annual rate of -24% over three years and +60% over five years.
- ₹33 LakhRevenue · FY 2023 · +120% YoY
- -₹2.53 CrNet loss · -767% margin
- -₹1.71 CrEBITDA · -518% margin
- ₹2.01 CrPaid-up capital
- 45Employees (provident fund records)
- -24%Revenue CAGR, 3 years
- +60%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Xtracap Fintech India Private Limited are on its company page.
Detailed financial statements for Xtracap Fintech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Xtracap Fintech
5 dated milestones of Xtracap Fintech across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Xtracap Fintech is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.2M.
- Exit Acquired by IIFL Fintech Fund.
Competitors of Xtracap Fintech
Xtracap Fintech has 3 listed competitors in our database. They include Apollo Finvest, Globe Fincap and TezzCapital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| apollofinvest.com | 1985 | Mumbai, India | 28 | Digital loans are enabled for companies to offer. | ||
| globefincap.net | 2008 | New Delhi, India | 6 | Offers comprehensive SME loan solutions to support business growth. | ||
| tezzcapital.com | 2021 | Mumbai, India | Offers a lending-as-a-service platform for MSME loans to support business growth. |
Detailed competitors of Xtracap Fintech
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Web traffic of Xtracap Fintech
The website of Xtracap Fintech (xtracapindia.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 18.5% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Xtracap Fintech (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 Xtracap Fintech
Complete news archive for Xtracap Fintech
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Frequently Asked Questions about Xtracap Fintech
Xtracap Fintech was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Xtracap Fintech is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Mohammed Riaz is the CEO of Xtracap Fintech, as recorded in our data.
Xtracap Fintech is a funded company, having raised a total of $3.52M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $1M, raised on May 2019.
Xtracap Fintech has 45 employees.
The primary company behind Xtracap Fintech, Xtracap Fintech India Private Limited, reported revenue of ₹33 Lakh for FY 2023, up 120% year on year.
Xtracap Fintech was established in 2017 and is based in Gurugram, India. Small business loans are provided through its fintech operations in the financial services sector. Credit risk and operations are handled by designated leaders, with technology infrastructure overseen by the CTO. Services target small enterprises across India, supported by a team of co-founders including Raghunandan K Bharadwaj and GopiKrishna Udandarao. The domain xtracapindia.com is utilized for online activities.
Xtracap Fintech's top competitors include Apollo Finvest, TezzCapital and Globe Fincap.
Xtracap Fintech offers Xtracapneo and Bridge2Capital.
Xtracap Fintech has 4 investors. Key investors include 360 One, Kaizer Siraj, Iifl Open Fintech, and IIFL Fintech Fund.
The valuation of Xtracap Fintech is $6.22M as of Mar 2025.
Xtracap Fintech operates through Xtracap Fintech India Private Limited.