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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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
Employee Count
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for EMI shopping and credit limit management.
Enables installment payments at partnered stores.
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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.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series C — $3.8M
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First Round
First Round
(01 Sep 2015)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series C - ZestMoney | Valuation | Quona , Omidyar Network India | |
| Jun, 2022 | Amount | Debt – Conventional - ZestMoney | Valuation |
investors |
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| Jun, 2022 | Amount | Series C - ZestMoney | Valuation | Scarlet Digital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Fintech investments focused on financial inclusion and global economic growth.
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Founded Year | Domain | Location | |
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Investments are made in digital society, education, and employability sectors.
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Founded Year | Domain | Location | |
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ZestMoney
ZestMoney has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PhotographAI. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - ZestMoney
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zestmoney Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online lending platform for point-of-sale financing is provided.
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| domain | founded_year | HQ Location |
An online platform for purchase financing is provided by Simpl.
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| domain | founded_year | HQ Location |
Online platform for purchase financing
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| domain | founded_year | HQ Location |
Provider of digital payment solutions, including deferred payment and personal loans
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| domain | founded_year | HQ Location |
No-credit-card EMI solutions for online purchases are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zestmoney
Frequently Asked Questions about ZestMoney
When was ZestMoney founded?
ZestMoney was founded in 2015.
Where is ZestMoney located?
ZestMoney is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of ZestMoney?
Abhishek Sharma is the current CEO of ZestMoney.
Is ZestMoney a funded company?
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 C of $20M, raised on Sep 01, 2015.
What is the annual revenue of ZestMoney?
Annual revenue of ZestMoney is $23.03K as on Mar 31, 2023.
What does ZestMoney do?
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.
Who are the top competitors of ZestMoney?
What products or services does ZestMoney offer?
ZestMoney offers Zest App and EMI Service.
How many acquisitions has ZestMoney made?
ZestMoney has made 1 acquisition, including PhotographAI.
Who are ZestMoney's investors?
ZestMoney has 33 investors. Key investors include PayU, Xiaomi, Zip, Goldman Sachs, and Bank of America.
What is ZestMoney's valuation?
The valuation of ZestMoney is $65.63M as of Jul 2023.
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