When was FREED founded?

FREED was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is FREED located?

FREED is headquartered in Gurugram, India. It is registered at HD-575, WeWork Berger Delhi One, Sector 16B, C-001/A2, Gautam Buddha Nagar, Noida Sector 16, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201301.

Who is the current CEO of FREED?

Ritesh Srivastava of FREED. They have also founded 1 company.

Which legal entities is FREED associated with?

FREED is associated with Freed India Private Limited.

How many employees does FREED have?

As of Aug 31, 2025, FREED has 313 employees, reflecting a 73% year-over-year growth in headcount.

Is FREED a funded company?

FREED is a funded company, having raised a total of $16.9M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 07, 2022.

How much is FREED worth?

The latest valuation of FREED is $***** as of May 29, 2025.

When was the latest funding round of FREED?

FREED's latest funding was a $***** Series A round on Feb 26, 2026, with participation from 4 investors. Its primary sector is Alternative Lending. In India, the Alternative Lending sector has seen $728M in funding in 2026 to date.

What is the annual revenue of FREED?

Annual revenue of FREED is less than ₹10 Cr as on Mar 31, 2025

Where does FREED rank among its competitors?

FREED ranks 2nd amongst 102 active competitors, of which 9 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was HiSofi, which secured $1M in Apr, 2026.

Who are the top competitors of FREED?

FREED's top competitors include Relief, Resuelve tu Deuda and Beyond Finance. Among them, HiSofi secured the most recent funding round in April, 2026.

FREED - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of debt settlement, EMI reduction, and credit score improvement services. The company offers programs to help individuals manage and resolve their debt obligations. These programs include debt settlement, which aims to reduce the total amount owed, and EMI reduction, which consolidates multiple EMIs into one. Additionally, they provide services to improve credit scores.

Website: freed.care
Social
Email ID: *****@freed.care
Phone Number: +91 **********
Registered Address: HD-575, WeWork Berger Delhi One, Sector 16B, C-001/A2, Gautam Buddha Nagar, Noida Sector 16, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201301

Key Metrics

Founded Year

2020

Location

Gurugram, India

Stage

Series A

Total Funding

$16.9M in 3 rounds

Latest Funding Round

Series A, Feb 26, 2026, $*****

Post Money Valuation

$***** as on May 29, 2025

Investors

Sorin & 82 more

Ranked

2^nd among 102 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

313 as on Aug 31, 2025

Similar Companies

Relief & 136 more

View FREED's full profile

FREED is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Freed India Private Limited CIN: U67100UP2020PTC218431 , India, Active	May 27, 2020	$0 - $1M (As on Mar 31, 2025)	392 (As on Mar 01, 2026)

FREED has raised a total funding of $16.9M over 3 rounds. Its first funding round was on Apr 07, 2022. Its latest funding round was a Series A round on Feb 26, 2026 for $*****. 4 investors participated in its latest round. FREED has 34 institutional investors and 49 angel investors.

Here is the list of recent funding rounds of FREED:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 26, 2026	3970910	Series A	4383608	8101682	1490385	9060462
Mar 13, 2024	1920427	Series A	9734064	1513069	2992967	Multiply Ventures & 9 more
Apr 07, 2022	9199419	Seed	4082752	8269686	Inflection Point Ventures & 1 more	Hyderabad Angels & 62 more

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View details of FREED's funding rounds and investors

The founders of FREED are Ritesh Srivastava and Alok Sharma. Ritesh Srivastava is the CEO of FREED.

Here are the details of FREED's key team members:

Ritesh Srivastava: Co-Founder & CEO of FREED. They serve on the board of 1 company.
Contact Info: 1 email address and 2 phone numbers
Alok Sharma: Co-Founder & CTO of FREED.

FREED's Board of Directors

FREED's board has 2 active members. Ritesh Srivastava and Sharma Alok are part of team.

Here is the list of FREED's board of directors:

Name	Type	Representing	Status	Duration
Ritesh Srivastava	Team	-	Current	6y 0m
gmntstk	Team	-	Past	2y 9m

View details of FREED's Founder profiles and Board Members

FREED's employee count trend

FREED has 313 employees as of Aug 25. The total employee count is 73.0% more than what it was in Aug 24. Here is FREED's employee count trend over the years:

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Top competitors of FREED include Relief, Resuelve tu Deuda and Beyond Finance. Here is the list of Top 10 competitors of FREED, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Relief 2020, Miami (United States), Series A	Online debt settlement platform for consumers	$17M	National Debt Relief, NavaMoney & 9 others	63/100
2nd	FREED 2020, Gurugram (India), Series A	Provider of debt settlement, EMI reduction, and credit score improvement services	$16.9M	Piper Serica, CapFort Ventures & 81 others	59/100
3rd	Resuelve tu Deuda 2009, Mexico City (Mexico), Series B	App-based platform for consumer debt settlement	$24M	GPF Capital, Alloy Merchant Finance & 1 others	54/100
4th	Beyond Finance 2004, Houston (United States), Funding Raised	Provider of debt settlement services	-	Comvest Partners	53/100
5th	coeo Inkasso 2010, Dormagen (Germany), Acquired	Provider of debt collection and intelligent receivables management services	-	-	47/100
6th	Consumidor Positivo 2007, Sao Paulo (Brazil), Unfunded	Online platform offering debt settlement and negotiation for consumers	-	-	46/100
7th	Ophelos 2019, London (United Kingdom), Seed	Developer of an online platform for consumer debt repayment	$8.42M	AlbionVC, Connect Ventures & 17 others	42/100
8th	SingleDebt 1994, Mumbai (India), Unfunded	Provider of debt management plans, legal advice, and harassment relief	-	-	41/100
9th	HiSofi 2020, Sao Paulo (Brazil), Seed	Online platform for debt negotiations and settlement	$1.1M	Sororite, Village Capital & 3 others	40/100
10th	BLU365 2014, Sao Paulo (Brazil), Seed	Provider of a debt settlement platform	$9.22M	Monashees, Plug and Play Tech Center & 7 others	39/100

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Founders own 25.68%, Funds (largest shareholder) own 42.10%, Enterprises own 3.52% and Angels own 6.70%. The net worth of FREED's founders is INR 41.1Cr as of May 29, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	25.68%	41.1Cr	6515418	8334081	9233273	4356842
Ritesh Srivastava	9000195	4493450	9878085	5928622	7096706	7646946
Fund	42.10%	67.5Cr	5968898	1391043	9269726	3639109
Sorin	3195423	3631248	8637670	6257305	1174482	9285731
Firstport Capital	177	147	954	210	971	644
Inflection Point Ventures	0	0	0	0	0	0
Enterprise	3.52%	5.65Cr	216	859	818	878
Angel	6.70%	10.7Cr	613146	686334	129848	567899
Other People	10.78%	17.3Cr	8812921	7798782	3970570	7768578
ESOP Pool	9.36%	15Cr	6910852	8096325	3196649	6151327
Other Investors	1.85%	2.96Cr	6	4	3	2
Total	100.00%	160Cr	1024763	7281683	5035338	5949050