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, Fyle has 143 employees, reflecting a 15% year-over-year growth in headcount.

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. Its primary sector is Finance & Accounting Tech. In United States, the Finance & Accounting Tech sector has seen $3.35B in funding in 2026 to date.

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 13th amongst 385 active competitors, of which 68 are funded. It stands 9th 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, Navan and Pleo. Among them, Ramp secured the most recent funding round in June, 2026.

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

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

13^th among 385 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

143 as on Jul 31, 2025

Similar Companies

Ramp & 534 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	2652875	Series A	1064011	7872682	9440177	8434287
Apr 19, 2019	2983567	Series A	6116993	5290097	6200242	Girish Mathrubootham & 11 more
Nov 21, 2018	3874020	Series A	6793280	9670749	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 7m
Yashwanth Madhusudan	Team	-	Current	10y 7m

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, Navan and Pleo. 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 & 72 others	84/100
2nd	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
3rd	Pleo 2015, Copenhagen (Denmark), Series C	Provider of spend management platform with virtual and physical card options	$434M	Kinnevik, Thrive Capital & 15 others	80/100
4th	Brex 2017, San Francisco (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	DST Global, Greenoaks & 70 others	79/100
5th	Spendesk 2016, Paris (France), Series C	Provider of software for managing corporate spending and invoice processing	$304M	Index Ventures, General Atlantic & 22 others	77/100
6th	Emburse 2002, San Francisco (United States), Acquired	Provider of software for managing corporate travel and expense reporting	$7.5M	Salesforce Ventures, Sherpalo Ventures & 27 others	76/100
7th	Marqeta 2010, Oakland (United States), Public	Provider of a platform for modern card issuing and payment solutions	$528M	Coatue, Greylock Partners & 64 others	75/100
8th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	Redpoint Ventures, RRE Ventures & 8 others	75/100
9th	Expensify 2008, San Francisco (United States), Public	Provider of expense management software, corporate cards, and travel booking	$27.8M	Redpoint Ventures, OpenView & 11 others	74/100
10th	Jeeves 2019, New York City (United States), Series C	Digital company offering payment and corporate financial cards	$380M	CRV, GIC & 71 others	72/100
13th	Fyle 2016, Newark (United States), Acquired	Provider of expense management software automating receipt tracking and reconciliation	$15.4M	ABG Capital, Steadview & 24 others	69/100

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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	9246807	2221012	7797882	4791756
Sivaramakrishnan Narayanan	5568046	1246729	2509026	8405493	9757580	3762156
Fund	53.58%	306Cr	3854725	7106938	9554544	7774468
Tiger Global Management	5239314	2538159	6624444	7334486	1781478	2426239
Pravega Ventures	8681930	3889828	7330683	3827539	6179342	4184340
Steadview	2553396	3997614	9379508	3065878	6384362	3335651
Beenext	62261	59059	89760	25198	83830	93903
Enterprise	2.32%	13.3Cr	75	92	83	33
Angel	3.14%	17.9Cr	810	758	300	390
ESOP Pool	5.91%	33.8Cr	55587	99307	89938	13973
Total	100.00%	572Cr	8986600	4213544	7697355	7623654