axio - About the company
axio is an acquired company based in Bengaluru (India), founded in 2013 by Gaurav Hinduja and Sashank Rishyasringa. It operates as a Provider of an online lending platform offering point of sale financing. axio has raised $206M in funding from investors like Amazon, Ribbit Capital and Creation Investments, with last known valuation of ₹*****. The company has 92 active competitors, including 16 funded and 6 that have exited. Its top competitors include companies like Tala, ZestMoney and PayJoy.
Company Details
Provider of an online lending platform offering point of sale financing. It offers financing solutions like buy now pay later, credit, and more. It also offers personal finance management tools and enables businesses to onboard customers and manage sales. The app is available on both Android and iOS devices.
- Website
- www.axio.co.in/
- Social
- Email ID
- *****@axio.co.in
- Registered Address
- New No 3. (Old 211), Gokaldas Platinum, Upper Palace Orchards, Bellary Road, Sad, ashivnagar, Bangalore, Bangalore, Karnataka, India, 560080
Key Metrics
Founded Year
2013
Location
Bengaluru, India
Stage
Acquired
Total Funding
$206M in 13 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Oct 22, 2021
Ranked
2nd among 92 active competitors
Annual Revenue
₹405Cr as on Mar 31, 2025
Employee Count
499 as on Apr 30, 2025
Similar Companies
Exit Details
Acquired by Amazon (Sep 04, 2025)
Legal entities associated with axio
axio is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Capfloat Financial Services Private Limited CIN: U65993KA1993PTC074590 , India, Active | Oct 06, 1993 | $47.9M (As on Mar 31, 2025) | 287 (As on Feb 01, 2026) | |
AXIO DIGITAL PRIVATE LIMITED CIN: U72900PN2014PTC153050 , India, Active | Nov 10, 2014 | $13.4M (As on Mar 31, 2025) | 117 (As on Mar 31, 2026) |
axio's acquisition details
axio got acquired by Amazon on Sep 04, 2025.
Click here to take a look at axio's acquisition in detail
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axio's funding and investors
axio has raised a total funding of $206M over 13 rounds. Its first funding round was on Jun 25, 2014. Its latest funding round was a Series F round on Aug 22, 2024 for $*****. 1 investor participated in its latest round. axio has 22 institutional investors and 12 angel investors.
Here is the list of recent funding rounds of axio:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 22, 2024 | 7664794 | Series F | 9228727 | 1607907 | 4571720 | 2685643 |
Apr 08, 2024 | 7938517 | Venture Debt | 6020812 | 9330046 | 5216985 | |
Sep 27, 2021 | 3941944 | Series E | 3219069 | 6390076 |
Access funding benchmarks and valuations. Sign up today!View details of axio's funding rounds and investors
axio's founders and board of directors
Founder? Claim ProfileThe founders of axio are Gaurav Hinduja and Sashank Rishyasringa.
Here are the details of axio's key team members:
- Gaurav Hinduja: Co-Founder & Managing Director of axio and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 2 email addresses
- Sashank Rishyasringa: Co-Founder of axio. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
axio's Board of Directors
axio's board has 4 active members. Gaurav Hinduja and Sashank Rishyasringa are part of team and Venkataraman Murali and Ina Malhotra are independent board members.Here is the list of axio's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 12y 6m | |
Team | - | Current | 12y 6m | |
Independent board member | - | Current | 6y 9m | |
{dpxics | Independent board member | - | Current | 6y 3m |
View details of axio's Founder profiles and Board Members
axio's employee count trend
axio has 499 employees as of Apr 25. The total employee count is the same as what it was in Apr 24. Here is axio's employee count trend over the years:
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axio's Competitors and alternates
Top competitors of axio include Tala, ZestMoney and PayJoy. Here is the list of Top 10 competitors of axio, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Tala 2011, Santa Monica (United States), Series E | Provider of a platform offering credit and digital financial services | $346M | 79/100 | |
2nd | Provider of an online lending platform offering point of sale financing | $206M | 75/100 | ||
3rd | Online platform offering point-of-sale financing | $151M | 68/100 | ||
4th | _1580719896785.png?devicePixelRatio=2&height=30&width=30){kind=logo} PayJoy 2015, San Francisco (United States), Series C | Online platform for purchase financing | $205M | 66/100 | |
5th | Provider of personal loans with an application and digital loan process | $5.5M | 62/100 | ||
6th |  FincFriends 2017, Gurugram (India), Series A | Provider of unsecured digital consumer lending products | $16.6M | 61/100 | |
7th | Online platform offering healthcare POS financing loans for consumers | $11.2M | 56/100 | ||
8th | Si Creva Capital Services 2015, Mumbai (India), Funding Raised | Digital lending platform that enables customers to access credit for their shopping needs, offering personal loans with flexible repayment terms and a seamless application process | - | 56/100 | |
9th | Provider of digital payment solutions, including deferred payment and personal loans | - | 51/100 | ||
10th | Provider of fintech platform enabling instant equated monthly installment solutions for consumers | $1.78M | 51/100 |
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axio's Investments and acquisitions
axio has made 1 investment in Walnut and acquired Walnut.News related to axio
Filter this listMedia has covered axio for a total of 2 events in the last 1 year.
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Amazon completes $200 million cash acquisition of Axio, adds an NBFC licence via dealIndiatimes•Sep 04, 2025•Amazon, axio, Axio Global
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Karnataka startups funding in Q1 2025 drops to $633M: TracxnYourStory•Apr 16, 2025•axio, Amazon, Digiledge, Mintoak and 3 others
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FinTech Funding falls 35% to USD 366 Mn in Q1 CY25; late-stage deals, acquisitions gain paceIndiatimes•Apr 08, 2025•Cashfree Payments, InsuranceDekho, Zolve, Zeta and 10 others
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Indian startups raise $1.76 Bn in JanuaryEntrackr•Feb 03, 2025•Impetus Technologies, Innovaccer, Infra.Market, Aragen and 34 others
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Low income groups and small cities drive e-commerce, says reportBusiness Standard•Aug 23, 2024•Flipkart, Amazon, Nykaa, Myntra and 8 others
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Amazon nears complete acquisition of Axio in all cash dealEntrackr•Jul 30, 2024•axio, Amazon, Axio Global
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