About ZestMoney
ZestMoney is a company based in Delhi (India) founded in 2015 was acquired by DMI Finance in January 2024. ZestMoney has raised $151.12 million across 11 funding rounds from investors including PayU, Xiaomi and Zip. ZestMoney has completed 1 acquisition, including PhotographAI. ZestMoney offers products and services including Zest App and EMI Service. ZestMoney operates in a competitive market with competitors including axio, Simpl, PayJoy, Lazypay and Snapmint, among others.
- Headquarter Delhi, India
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Dmi Infotech Solutions Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$23.03 K (USD)7.81as on Mar 31, 2023
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Net Profit
$16.45 K (USD)7.41as on Mar 31, 2023
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EBITDA
-$58.46 (USD)-2.51as on Mar 31, 2023
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Total Equity Funding
$151.12 M (USD)
in 11 rounds
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Latest Funding Round
$3.78 M (USD), Series C
Jul 04, 2023
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Investors
PayU
& 32 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
DMI Finance
(Jan 17, 2024)
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Products & Services of ZestMoney
ZestMoney offers a comprehensive portfolio of products and services, including Zest App and EMI Service.
App for EMI shopping and credit limit management.
Enables installment payments at partnered stores.
People of ZestMoney
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Funding Insights of ZestMoney
ZestMoney has successfully raised a total of $151.12M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $3.78 million completed in July 2023. 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.
Investors in ZestMoney
ZestMoney has secured backing from 33 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include PayU, Xiaomi and Zip.
| Investor | Description | Founded Year | Domain | Location |
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Fintech investments focused on financial inclusion and global economic growth.
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Locked | Locked | Locked | |
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Investments are made in digital society, education, and employability sectors.
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Locked | Locked | Locked | |
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Locked | Locked | Locked |
Investor details for ZestMoney
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by ZestMoney
ZestMoney has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PhotographAI.
Investment portfolio details for ZestMoney
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-driven image analytics APIs are provided for business integrations.
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Locked | Locked | 2017 | Locked |
Complete acquisition details for ZestMoney
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - ZestMoney
Detailed financials for ZestMoney
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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Zestmoney Comparisons
Peer comparison for ZestMoney
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Competitors of ZestMoney
ZestMoney operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as axio, Simpl, PayJoy, Lazypay and Snapmint, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
An online lending platform for point-of-sale financing is provided.
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| Locked | Locked | Locked |
An online platform for purchase financing is provided by Simpl.
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| Locked | Locked | Locked |
Online platform for purchase financing
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| Locked | Locked | Locked |
Provider of digital payment solutions, including deferred payment and personal loans
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| Locked | Locked | Locked |
No-credit-card EMI solutions for online purchases are provided.
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Detailed competitors of ZestMoney
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Zestmoney
Complete news archive for ZestMoney
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Frequently Asked Questions about ZestMoney
ZestMoney was founded in 2015.
ZestMoney is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Abhishek Sharma is the current CEO of ZestMoney.
ZestMoney is a funded company, having raised a total of $151.12M across 11 funding rounds to date.
Annual revenue of ZestMoney is $23.03K as on Mar 31, 2023.
ZestMoney was established in 2015 in Delhi, India, as a fintech platform focused on point-of-sale financing. Users are enabled to purchase products from partnered merchants and repay in periodic installments. Early payment of installments is supported, with financing determined from bank statements. Options are accessed after KYC verification on the portal. The mobile app is offered for Android and iOS devices.
ZestMoney offers Zest App and EMI Service.
ZestMoney has made 1 acquisition, including PhotographAI.
ZestMoney has 33 investors. Key investors include PayU, Xiaomi, Zip, Goldman Sachs, and Bank of America.
The valuation of ZestMoney is $65.63M as of Jul 2023.