When was Fyle founded?

Fyle was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Fyle located?

Fyle is headquartered in Newark, United States. It is registered at 550, 11th Cross, 2nd Main MICO Layout, BTM 2nd Stage, Bangalore, Bangalore, Karnataka, India, 560076.

Which legal entities is Fyle associated with?

Fyle is associated with FYLE TECHNOLOGIES PRIVATE LIMITED.

How many employees does Fyle have?

As of Jul 31, 2025, the latest employee count at Fyle is 143.

Is Fyle a funded company?

Fyle is a funded company, having raised a total of $15.4M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 29, 2016.

How much is Fyle worth?

The last known valuation of Fyle was ₹***** as of Nov 10, 2022.

When was the latest funding round of Fyle?

Fyle's latest funding was a $***** Series A round on Oct 21, 2022, with participation from 2 investors.

What is the annual revenue of Fyle?

Annual revenue of Fyle is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Fyle rank among its competitors?

Fyle ranks 6th amongst 374 active competitors, of which 67 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Ramp, which secured $782M in Jun, 2026.

Who are the top competitors of Fyle?

Fyle's top competitors include Ramp, Brex and Navan. Among them, Ramp secured the most recent funding round in June, 2026.

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

Fyle is an acquired company based in Newark (United States), founded in 2016 by Sivaramakrishnan Narayanan. It operates as a Provider of expense management software automating receipt tracking and reconciliation. Fyle has raised $15.4M in funding from investors like Pravega Ventures, Tiger Global Management and Steadview, with last known valuation of ₹*****. The company has 374 active competitors, including 67 funded and 69 that have exited. Its top competitors include companies like Ramp, Brex and Navan.

Company Details

Provider of expense management software automating receipt tracking and reconciliation. The software offers features such as real-time receipt submission, expense tracking, and automated approvals. It provides tools for budget configuration, reporting, and spend control. The platform integrates with accounting software, streamlining expense data synchronization. It offers a mobile application for expense management on the go.

Website: www.fylehq.com/
Social
Email ID: *****@fyle.in
Registered Address: 550, 11th Cross, 2nd Main MICO Layout, BTM 2nd Stage, Bangalore, Bangalore, Karnataka, India, 560076

Key Metrics

Founded Year

2016

Location

Newark, United States

Stage

Acquired

Total Funding

$15.4M in 6 rounds

Latest Funding Round

Series A, Oct 21, 2022, $*****

Last Known Valuation

₹***** as on Nov 10, 2022

Investors

Pravega Ventures & 25 more

Ranked

6^th among 374 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

143 as on Jul 31, 2025

Similar Companies

Ramp & 523 more

Exit Details

Acquired by Sage (Aug 04, 2025)

View Fyle's full profile

Fyle is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FYLE TECHNOLOGIES PRIVATE LIMITED CIN: U74900KA2016PTC086218 , India, Active	Feb 16, 2016	₹50 - ₹100 Cr (As on Mar 31, 2025)	143 (As on Jul 31, 2025)

Fyle got acquired by Sage on Aug 04, 2025.

Click here to take a look at Fyle's acquisition in detail

Fyle has raised a total funding of $15.4M over 6 rounds. Its first funding round was on Jun 29, 2016. Its latest funding round was a Series A round on Oct 21, 2022 for $*****. 2 investors participated in its latest round. Fyle has 11 institutional investors and 15 angel investors.

Here is the list of recent funding rounds of Fyle:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 21, 2022	7451208	Series A	9420565	8968747	1739979	2884342
Apr 19, 2019	3228760	Series A	2464861	4562905	1469700	Girish Mathrubootham & 11 more
Nov 21, 2018	2596701	Series A	1065584	3309117	Tiger Global Management	Beenext & 7 more

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View details of Fyle's funding rounds and investors

The founders of Fyle is Sivaramakrishnan Narayanan.

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

Sivaramakrishnan Narayanan: Co-Founder of Fyle. They are also an angel investor in 1 startup and serve on the board of 1 company.

Fyle's Board of Directors

Fyle's board has 2 active members. Sivaramakrishnan Narayanan and Yashwanth Madhusudan are part of team.

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

Name	Type	Representing	Status	Duration
Sivaramakrishnan Narayanan	Team	-	Current	10y 5m
Yashwanth Madhusudan	Team	-	Current	10y 5m

View details of Fyle's Founder profiles and Board Members

Fyle's employee count trend

Fyle has 143 employees as of Jul 25. The total employee count is 14.0% more than what it was in Jul 24. Here is Fyle's employee count trend over the years:

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Top competitors of Fyle include Ramp, Brex and Navan. Here is the list of Top 10 competitors of Fyle, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ramp 2019, New York City (United States), Series F	Provider of a platform for spend management, corporate cards, and payables	$3.22B	Founders Fund, Coatue & 71 others	84/100
2nd	Brex 2017, San Francisco (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	Greenoaks, DST Global & 68 others	81/100
3rd	Navan 2015, Palo Alto (United States), Public	Provider of a platform for business travel and expense management	$1.58B	Andreessen Horowitz, Greenoaks & 22 others	80/100
4th	Pleo 2015, Copenhagen (Denmark), Series C	Provider of spend management platform with virtual and physical card options	$434M	Creandum, Kinnevik & 15 others	80/100
5th	Spendesk 2016, Paris (France), Series C	Provider of software for managing corporate spending and invoice processing	$304M	Index Ventures, Tiger Global Management & 22 others	77/100
6th	Fyle 2016, Newark (United States), Acquired	Provider of expense management software automating receipt tracking and reconciliation	$15.4M	ABG Capital, Steadview & 24 others	77/100
7th	Emburse 2002, San Francisco (United States), Acquired	Provider of travel, expense, payment, invoice, and automation management solutions	$7.5M	Google Ventures, IA Capital Group & 27 others	76/100
8th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	RRE Ventures, American Express & 8 others	75/100
9th	Marqeta 2010, Oakland (United States), Public	Provider of a platform for modern card issuing and payment solutions	$528M	Greylock Partners, Coatue & 62 others	75/100
10th	Expensify 2008, San Francisco (United States), Public	Provider of expense management software, corporate cards, and travel booking	$27.8M	OpenView, Barracuda & 11 others	74/100

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Looking for more details on Fyle's competitors? Click here to see the top ones

Founders own 35.05%, Funds (largest shareholder) own 53.58%, Enterprises own 2.32% and Angels own 3.14%. The net worth of Fyle's founders is INR 200Cr as of Nov 10, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	35.05%	200Cr	7249962	7588184	1837319	7493396
Sivaramakrishnan Narayanan	1218037	9767594	4597686	5238322	1936095	9831857
Fund	53.58%	306Cr	8851510	9585468	1349645	2545760
Tiger Global Management	2067906	6458609	2400881	7465837	4066489	2146920
Pravega Ventures	6453348	6248121	6207258	5082153	4580292	6600536
Steadview	4768223	6388438	2439219	4642174	6760315	1382085
Beenext	65467	25392	17225	41542	14584	40663
Enterprise	2.32%	13.3Cr	30	18	60	48
Angel	3.14%	17.9Cr	319	794	172	441
ESOP Pool	5.91%	33.8Cr	73293	51158	33304	29986
Total	100.00%	572Cr	6748550	1802684	6946617	2192560