Indifi - About the company
Indifi is a series E company based in Gurugram (India), founded in 2015 by Alok Mittal and Sundeep Sahi. It operates as a Provider of loan products and services for small and medium businesses. Indifi has raised $90.8M in funding from investors like British International Investment, Accel and Elevar Equity, with a current valuation of ₹*****. The company has 1399 active competitors, including 154 funded and 189 that have exited. Its top competitors include companies like BharatPe, InCred and Yubi.
Company Details
Provider of loan products and services for small and medium businesses. It offers term loans, lines of credit, invoice discounting, and merchant cash advances. These financial solutions are customized for various sectors, including travel, e-commerce, hotels, retail, restaurants, and startups. The company facilitates loan access through its financing partners.
- Website
- www.indifi.com
- Social
- Email ID
- *****@indifi.com
- Phone Number
- +91 **********
- Registered Address
- Plot 19 Ground Floor Block C Sewa, Tower Sector 18 Phase 4 Udyog Vihar, Palam Road, Gurgaon, Palam Road, Haryana, India, 122015
Key Metrics
Founded Year
2015
Location
Gurugram, India
Stage
Series E
Total Funding
$90.8M in 8 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Jun 12, 2023
Investors
Ranked
6th among 1399 active competitors
Annual Revenue
₹378Cr as on Mar 31, 2025
Employee Count
423 as on Jun 30, 2025
Investment & Acquisitions
Legal entities associated with Indifi
Indifi is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
INDIFI CAPITAL PRIVATE LIMITED CIN: U65923HR1980PTC069400 , India, Active | Oct 27, 1980 | $35.2M (As on Mar 31, 2024) | 340 (As on Jul 31, 2024) | |
INDIFI TECHNOLOGIES PRIVATE LIMITED CIN: U74140HR2015PTC055588 , India, Active | May 27, 2015 | $44.7M (As on Mar 31, 2025) | 394 (As on Aug 01, 2025) |
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Indifi's funding and investors
Indifi has raised a total funding of $90.8M over 8 rounds. Its first funding round was on Sep 28, 2015. Its latest funding round was a Conventional Debt round on Mar 30, 2026 for $*****. 1 investor participated in its latest round. Indifi has 25 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of Indifi:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 30, 2026 | 8138301 | Conventional Debt | 2102567 | 3632101 | 5938066 | 2770759 |
Jun 12, 2023 | 3509937 | Series E | 4912177 | 5741471 | 2508240 | |
Nov 24, 2021 | 5742594 | Conventional Debt | 2322332 | 3536356 | 1883036 |
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Indifi's founders and board of directors
Founder? Claim ProfileThe founders of Indifi are Alok Mittal and Sundeep Sahi.
Here are the details of Indifi's key team members:
- Alok Mittal: Cofounder and Executive Chairman of Indifi. They are also an angel investor in 64 startups and serve on the boards of 5 companies.Contact Info: 1 phone number
- Sundeep Sahi: Former Co-Founder of Indifi and founder of 2 other companies, Skuad and Wynk. They serve on the board of 1 company.
Indifi's Board of Directors
Indifi's board has 3 active members. Sandeep Farias, Mahendran Balachandran and Badri Pillapakkam are part of team.Here is the list of Indifi's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 5m | |
Team | - | Current | 9y 5m | |
vzxad{y | Team | - | Past | 3y 7m |
Investor | Elevar Equity | Current | 10y 5m | |
Investor | Accel | Current | 10y 5m | |
fatjhxu | Investor | gl{bgeu | Current | 5y 9m |
{dykuya | Investor | pjfklfh | Current | 9y 7m |
ju{ixve | Investor | - | Past | 4y 4m |
Independent board member | - | Current | 3y 8m | |
jvwtksp | Independent board member | - | Past | 4y 8m |
xqwvuec | Independent board member | - | Past | 7y 4m |
View details of Indifi's Founder profiles and Board Members
Indifi's employee count trend
Indifi has 423 employees as of Jun 25. Here is Indifi's employee count trend over the years:
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Indifi's Competitors and alternates
Top competitors of Indifi include BharatPe, InCred and Yubi. Here is the list of Top 10 competitors of Indifi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment solutions, lending, and investment opportunities for businesses | $584M | 83/100 | ||
2nd | Provider of financial services specializing in personal, education, and business loans | $320M | 82/100 | ||
3rd | Online marketplace for business loans | $241M | 79/100 | ||
4th | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | $307M | 77/100 | ||
5th | Money View 2014, Bengaluru (India), Series E | Provider of loans, credit cards, gold investment, insurance, and UPI | $213M | 77/100 | |
6th | Provider of loan products and services for small and medium businesses | $90.8M | 77/100 | ||
7th |  Manappuram Finance 1949, Valapad (India), Public | Provider of consumer and SME loans | $40M | 76/100 | |
8th |  Northern Arc Capital 2006, Chennai (India), Public | Provider of household and business loans | $283M | 76/100 | |
9th | L & T Finance Holdings 1994, Mumbai (India), Public | Diversified lending NBFI | - | 75/100 | |
10th |  Funding Societies 2015, Singapore (Singapore), Series D | Digital platform providing financing solutions for small businesses | $242M | 74/100 |
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Indifi's Latest cap tables and shareholding
Founders own 21.65%, Funds (largest shareholder) own 67.19%, Enterprises own 4.58% and Angels own 0.76%. The net worth of Indifi's founders is INR 280Cr as of Jun 12, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 21.65% | 280Cr | 7289633 | 3645377 | 3212628 | 2802825 |
9299883 | 9846131 | 4760891 | 4616768 | 2687846 | 3512725 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 67.19% | 868Cr | 7770385 | 6121997 | 1457703 | 9447256 |
4514329 | 7856419 | 6369426 | 7810391 | 1108901 | 1175974 | |
7395988 | 1682074 | 2994818 | 3838125 | 2050192 | 1580133 | |
5598451 | 5015829 | 5717455 | 3749209 | 6758785 | 4364966 | |
Enterprise | 4.58% | 59.2Cr | 6308 | 2987 | 2651 | 3341 |
Angel | 0.76% | 9.83Cr | 0 | 0 | 0 | 0 |
Other People | 1.04% | 13.4Cr | 4 | 4 | 4 | 5 |
ESOP Pool | 4.78% | 61.8Cr | 5879 | 4270 | 3778 | 1131 |
Total | 100.00% | 1,290Cr | 8207942 | 4381557 | 2339524 | 5152139 |
To unlock detailed Cap Table of Indifi Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Indifi's Shareholding
Indifi's Investments and acquisitions
Indifi has made 3 investments including Tagz Foods, BizeeBuy and Falhari. Indifi has not made any acquisitions as of now.Here is the list of its investments:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 02, 2023 | Investments | 2019 | Bengaluru (India) | |
Dec 01, 2022 | Investments | 2019 | Delhi (India) | |
Jan 19, 2020 | Investments | 2015 | Gurugram (India) |
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Reports related to Indifi
Here is the latest report on Indifi's sector:
News related to Indifi
Filter this listMedia has covered Indifi for a total of 2 events in the last 1 year, 1 of them has been about company updates.
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Funding Winter shuts over 35,000 startups in 2023. Will VCs fund tech platforms this year?Livemint•Mar 14, 2024•Groww, Lendingkart, Indifi, Arya.ag and 1 other
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Indifi appoints former Freecharge top exec as CEOVCCircle•Dec 11, 2023•Indifi, FreeCharge, Axis Bank
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U.S.-based Flourish Ventures raises $350m more for fintech fundNihon Keizai Shimbun•Oct 27, 2023•Flourish, Omidyar Network, Global Ventures, Chime and 6 others
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Indian MSME lender Indifi Technologies raises $35m led by ICICI VentureDeal Street Asia•Jun 13, 2023•Indifi, ICICI Venture, British International Investment, Luvian Osuuspankki and 6 others
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Indifi Technologies raises Rs 290 cr from investorsDevdiscourse•Jun 13, 2023•Indifi, British International Investment, Luvian Osuuspankki, Omidyar Network India and 2 others
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