Receivables Exchange of India - About the company
Receivables Exchange of India is a seed company based in Mumbai (India), founded in 2016. It operates as a TReDS exchange for financing of trade receivables of MSMEs through multiple financiers. Receivables Exchange of India has raised an undisclosed amount in funding from Yes Bank. The company has 105 active competitors, including 23 funded and 15 that have exited. Its top competitors include companies like Kriya, Drip Capital and Earlypay Exchange.
Company Details
Receivables Exchange of India Ltd (RXIL) is a joint venture promoted by SIDBI and NSE, and operates a Trade Receivables Discounting System (TReDS) platform as per RBI guidelines. RXIL is the first entity to receive RBI approval to launch India's First TReDS Exchange. TReDS is a unified platform for sellers, buyers and financiers facilitating the financing of trade receivables through an online mechanism. The platform enables discounting of invoices/bills of exchange of MSME Sellers against large corporates including govt. departments and PSUs, through an auction mechanism, to ensure quick realization of trade receivables at competitive market rates.
- Website
- www.rxil.in/
- Social
- Email ID
- *****@rxil.in
- Phone Number
- +91 **********
- Registered Address
- 701-702, 7th Floor, Supremus - E Wing, I-Think Techno Campus, Kanjurmarg East, Mumbai City, Mumbai, Maharashtra, India, 400042
Key Metrics
Founded Year
2016
Location
Mumbai, India
Stage
Seed
Latest Funding Round
Ranked
2nd among 105 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
303 as on Feb 28, 2026
Legal entities associated with Receivables Exchange of India
Receivables Exchange of India is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
RXIL GLOBAL IFSC LIMITED CIN: U67190GJ2022PLC134241 , India, Active | Jul 26, 2022 | 0 - ₹10 Cr (As on Mar 31, 2025) | 11 (As on Feb 28, 2026) | |
RECEIVABLES EXCHANGE OF INDIA LIMITED CIN: U67190MH2016PLC273522 , India, Active | Feb 25, 2016 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 292 (As on Feb 28, 2026) |
Sign up to download Receivables Exchange of India's company profile
Receivables Exchange of India's funding and investors
Receivables Exchange of India has raised funding over 1 round. Its latest funding round was a Seed round on Jun 09, 2016 for $*****. 1 investor participated in its latest round. Receivables Exchange of India has 4 institutional investors.
Here is the list of recent funding rounds of Receivables Exchange of India:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 09, 2016 | 2771438 | Seed | 9596574 | 8866217 | 4088597 | 4039744 |
Access funding benchmarks and valuations. Sign up today!View details of Receivables Exchange of India's funding rounds and investors
Receivables Exchange of India's founders and board of directors
Founder? Claim ProfileReceivables Exchange of India's Board of Directors
Receivables Exchange of India's board has 4 active members. Ketan Gaikwad is part of team and Mahalingam S, Mukesh Agarwal and Namita Sekhon are independent board members.Here is the list of Receivables Exchange of India's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
cpvdbim | Team | - | Current | 6y 4m |
scqoxno | Team | - | Past | 4y 5m |
lwz{pmy | Investor | jzwcmrh | Past | 2y 7m |
Independent board member | - | Current | 3y 6m | |
tflbuwj | Independent board member | - | Current | 3y 7m |
rsiqqnh | Independent board member | - | Current | 1y 3m |
tuqjghk | Independent board member | - | Past | 9y 5m |
Receivables Exchange of India's employee count trend
Receivables Exchange of India has 303 employees as of Feb 26. The total employee count is 44.0% more than what it was in Feb 25. Here is Receivables Exchange of India's employee count trend over the years:
Uncover Receivables Exchange of India's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Receivables Exchange of India's Competitors and alternates
Top competitors of Receivables Exchange of India include Kriya, Drip Capital and Earlypay Exchange. Here is the list of Top 10 competitors of Receivables Exchange of India, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Kriya 2011, London (United Kingdom), Acquired | B2B embedded finance platform offering PayLater, invoice finance, and working capital loans | $452M | 62/100 | |
2nd | Receivables Exchange of India 2016, Mumbai (India), Seed | TReDS exchange for financing of trade receivables of MSMEs through multiple financiers | - | 61/100 | |
3rd |  Drip Capital 2015, Palo Alto (United States), Series C | Developer of an online marketplace platform for trade financing | $108M | 60/100 | |
4th | Earlypay Exchange 2010, Sydney (Australia), Series A | Provider of early payment solutions for construction subcontractors | $35.8M | 57/100 | |
5th | Offers SaaS-enabled procure-to-pay automation solutions | $12M | 54/100 | ||
6th | Provider of a cloud-based marketplace platform for invoice factoring | $16.8M | 54/100 | ||
7th | Outgo 2016, Seattle (United States), Acquired | Accounting and invoice management software | $18.4M | 52/100 | |
8th | Prestige Capital 1985, Fort Lee (United States), Acquired | Online platform for invoice factoring | - | - | 50/100 |
9th | Tungsten Network 2000, London (United Kingdom), Acquired | Network providing electronic invoicing and automated accounts payable process solutions | - | 50/100 | |
10th | Sonovate 2013, London (United Kingdom), Series C | Provider of an embedded finance and invoice funding platform | $163M | 48/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Receivables Exchange of India's competitors? Click here to see the top ones
Receivables Exchange of India's Investments and acquisitions
Receivables Exchange of India has made no investments or acquisitions yet.
Reports related to Receivables Exchange of India
Here is the latest report on Receivables Exchange of India's sector:
News related to Receivables Exchange of India
Filter this listMedia has covered Receivables Exchange of India for a total of 2 events in the last 1 year, 1 of them has been about company updates.
•
•
RXIL Becomes First TReDS Platform in India to Declare and Pay DividendThe Tribune•Jan 22, 2026•Receivables Exchange of India
•
Dbs Bank India Launches Pre-shipment Financing On Treds, Empowers MsmesBusinessnewsthisweek•Jul 02, 2024•DBS, Receivables Exchange of India
•
•
•
•
•
FE Exclusive: TReDS platform RXIL turns profitable on the back of rising transaction volumeFinancial Express•Aug 09, 2022•Receivables Exchange of India
•
•
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Receivables Exchange of India
Explore our recently published companies
- Omswat - Unfunded company
- Plutus Immo - Unfunded company
- Reperry - 1990 founded, Unfunded company
- Hardwood Perfection - Everett based, 2000 founded, Unfunded company
- Levelup - Unfunded company
- Allinsonprint - 1959 founded, Unfunded company
