About ZestMoney
ZestMoney is a Financial Services company based in Delhi (India) founded in 2015, and was acquired by DMI Finance in January 2024. Online platform offering point-of-sale financing. 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 was last valued at $65.63 million in July 2023. Its chief executive, as recorded, is Abhishek Sharma. Its website zestmoney.in draws about 102 thousand monthly visits. Its Indian entity Glimmer Technologies Private Limited reported revenue of ₹3.73 Cr. ZestMoney offers products and services including Zest App and EMI Service. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include axio, Simpl and Lazypay; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website zestmoney.in
- Social LinkedIn X Facebook Instagram
- Acquired by DMI Finance (Jan 2024)
- Legal Name Dmi Infotech Solutions Private Limited
- Date of Incorporation 03 Oct, 2016
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹3.73 Cr
FY 2025 · +1530% YoY
- Net Loss-₹32.79 Cr
FY 2025 · -878% margin
- EBITDA-₹24.49 Cr
FY 2025 · -656% margin
- Total Equity Funding$151.12M (USD)
in 11 rounds
- Latest Funding Round$3.78M (USD), Series C
Jul 2023
- InvestorsPayU
& 32 more
- Investments & Acquisitions
- Acquired byDMI Finance
(Jan 2024)
Associated legal entities of ZestMoney
ZestMoney is associated with 2 registered companies on The Company Check; the primary company is Glimmer Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Glimmer Technologies Private Limited CIN U62091DL2016PTC306694 | Active | 03 Oct 2016 | New Delhi, Delhi | ₹3.7 Cr | 23 | 5 | View details |
| Camden Town Technologies Private Limited CIN U72900KA2016PTC098018 | Active | 24 Nov 2016 | Bengaluru, Karnataka | ₹250 Cr | 173 | 3 | View details |
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.
Apps and channels of ZestMoney
ZestMoney publishes 2 mobile apps with over 10M+ downloads.
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.
- Total Funding $151.12M
- Total Rounds 11
- Last Round Series C — $3.78M
- First Round $2M
(Sep 2015)
- Investors Count 33
Latest 10 of 11 funding rounds of ZestMoney 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 |
|---|---|---|---|---|---|
| Jul 2023 | $3.78M | Series C | $65.63M | Quona, Omidyar Network India | |
| Jun 2022 | $2.54M | Debt – Conventional | – | – | |
| Jun 2022 | $20M | Series C | $320.52M | Scarlet Digital | – |
| Sep 2021 | $53.61M | Series C | $••••• | Zip | |
| Aug 2020 | $10.67M | Series B | – | – | |
| Dec 2019 | $21.1M | Series B | $••••• | Goldman Sachs Investment Partners, Goldman Sachs | |
| Apr 2019 | $20M | Series B | $••••• | Quona | |
| Jan 2019 | $2.11M | Debt – Venture | – | – | |
| Aug 2018 | $13.45M | Series A | $••••• | Xiaomi | |
| Dec 2016 | $6.5M | Series A | $••••• | PayU |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2023 | $65.63M | •••••••• |
| Jun 2022 | $320.52M | •••••••• |
| Sep 2021 | $••••• | •••••••• |
| Dec 2019 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
| Aug 2018 | $••••• | •••••••• |
| Dec 2016 | $••••• | •••••••• |
Full valuation and stage history of ZestMoney
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $65.63M (Jul 2023). 33 investors in total: 24 institutional and 9 angel.
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 |
|---|---|---|---|---|
Fintech investments focused on financial inclusion and global economic growth. | 2015 | quona.com | ||
Investments are made in digital society, education, and employability sectors. | omidyarnetwork.in | Mumbai, India | ||
Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs. | flourishventures.com | Redwood City, United States | ||
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Investing in technology, digital culture, governance, and business initiatives. | 2004 | omidyar.com | Redwood City, United States | |
Venture capital is provided to tech startups by Colle Capital. | colle.vc | New York, United States | ||
Private equity firm focused on multiple sectors | Sydney, Australia | |||
Global investments in early and growth-stage tech firms are conducted. | 1915 | naspers.com | Cape Town, South Africa | |
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States |
Investor details for ZestMoney
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 Glimmer Technologies Private Limited (ZestMoney)
Glimmer Technologies Private Limited is the primary company behind ZestMoney. The boards of the 2 registered companies of ZestMoney currently have 7 directors; the longest-serving is Jayati Chatterjee, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jayati Chatterjee DIN 01401127 | Director | 03 Oct 2016 | 10 yrs 1 mo | Glimmer Technologies Private Limited |
| Yuvraja Chanakya Singh DIN 02601179 | Director | 03 Oct 2016 | 10 yrs 1 mo | Glimmer Technologies Private Limited |
| Shivashish Chatterjee DIN 02623460 | Director | 03 Oct 2016 | 10 yrs 1 mo | Glimmer Technologies Private Limited |
| Bina Singh DIN 01178506 | Director | 03 Oct 2016 | 10 yrs 1 mo | Glimmer Technologies Private Limited |
| Mandar Babasaheb Satpute DIN 08394314 | Director | 08 Aug 2023 | 3 yrs 3 mo | Camden Town Technologies Private Limited |
| Mohit Chhajer DIN 08314394 | Director | 08 Aug 2023 | 3 yrs 3 mo | Camden Town Technologies Private Limited |
| Abhishek Sharma DIN 07177250 | Director | 08 Aug 2023 | 3 yrs 3 mo | Camden Town Technologies Private Limited |
People of ZestMoney
19 people are tracked at ZestMoney (4 in leadership, 15 in team).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Venkateshwaran Ganesh Rengaswamy | Leadership | |
Manu Kumar Jain | Leadership | |
Avinash Singh | VP Of Engineering | Leadership |
Rahul Kumar | Senior Software Engineer | Team |
Ram Kumar Kona | Software Engineer | Team |
Aishmitaa Kakkar | SDE | Team |
Adarsha Reddy | Manager | Team |
Arun Gopinath | Senior IT System Engineer At Zestmoney | Team |
Abrar Ahmed A | Area Sales Manager | Team |
Vijay Chavan | Area Sales Manager | Team |
Jipson Kp | Senior Information Technology System Engineer | Team |
Daniel M | Senior Business Analyst | Team |
Manikanta C | Manager - Payment Operations | Team |
Gajendra Negi | Assistant Manager | Team |
Kiran Kumar S | Senior Associate Finance Operations | Team |
Vivek Singh Negi | Senior Business Analyst | Team |
Abhipsa Mishra | Senior Quality Associate | Team |
Chethan Kumar | Senior Account Executive | Team |
Complete people profiles for ZestMoney
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 ZestMoney
Figures of Glimmer Technologies Private Limited, the primary company behind ZestMoney, for FY 2025. Revenue was ₹3.73 Cr (+1530% year on year). Net loss was -₹32.79 Cr (-878% margin). EBITDA was -₹24.49 Cr (-656% margin).
- ₹3.73 CrRevenue · FY 2025 · +1530% YoY
- -₹32.79 CrNet loss · -878% margin
- -₹24.49 CrEBITDA · -656% margin
- ₹177 CrPaid-up capital
- 23Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Glimmer Technologies Private Limited are on its company page.
Detailed financial statements for ZestMoney
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.
Investments & Acquisitions by ZestMoney
ZestMoney has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PhotographAI.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI-driven image analytics APIs are provided for business integrations. | photographai.com | Bengaluru, India | 2017 | Aug 2018 | •••• |
Complete acquisition details for ZestMoney
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of ZestMoney
6 dated milestones of ZestMoney across 9 years, from founding to its latest funding, stage changes and deals.
- Founded ZestMoney is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires PhotographAI.
- Funding Latest funding round, Series C, of $3.8M.
- Exit Acquired by DMI Finance.
Competitors of ZestMoney
ZestMoney has 3 listed competitors in our database, 3 of them funded. They include axio, Simpl and Lazypay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| axio.co.in | 2013 | Bengaluru, India | $205.92M | 499 | An online lending platform for point-of-sale financing is provided. | |
| getsimpl.com | 2015 | Bengaluru, India | $47.47M | 144 | An online platform for purchase financing is provided by Simpl. | |
| lazypay.in | 2017 | Mumbai, India | $7M | 366 | Provider of digital payment solutions, including deferred payment and personal loans |
Detailed competitors of ZestMoney
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 ZestMoney
The website of ZestMoney (zestmoney.in) receives about 101.8K visits a month.
- Monthly visits101.8K
▲ 29.1% vs previous month
Websites whose visitors overlap most with ZestMoney. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| flipkart.com | 100% | 215.3M | #127 | View details | |
| amazon.in | 99% | #48 | View details | ||
| lotmobiles.com | 72% | 17.7K | #1,625,778 | View details | |
| shadowfax.in | 67% | 7.7M | #5,069 | View details | |
| sahivalue.com | 54% | #107,237 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for ZestMoney
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as ZestMoney (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 Zestmoney
Complete news archive for ZestMoney
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 ZestMoney
ZestMoney was founded in 2015.
ZestMoney is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Abhishek Sharma is the CEO of ZestMoney, as recorded in our data.
ZestMoney is a funded company, having raised a total of $151.12M across 11 funding rounds to date. The company's 1st funding round was a Series A of $6.5M, raised on Sep 2015.
The primary company behind ZestMoney, Glimmer Technologies Private Limited, reported revenue of ₹3.73 Cr for FY 2025, up 1530% year on year.
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.
ZestMoney is associated with 2 legal entities: Glimmer Technologies Private Limited, Camden Town Technologies Private Limited.