Refrens - About the company
Refrens is a seed company based in Bengaluru (India), founded in 2018 by Naman Sarawagi and Mohit Jain. It operates as a Provider of a cloud-based comprehensive platform that streamlines business processes.. Refrens has raised $1.2M in funding from investors like Collective Fund, UpSparks and ITI Growth Opportunities, with a current valuation of ₹*****. The company has 387 active competitors, including 43 funded and 21 that have exited. Its top competitors include companies like Ramp, Mynd Solutions and HighRadius.
Company Details
Provider of a cloud-based comprehensive platform that streamlines business processes. It includes accounting, invoicing, sales, inventory, and expenses, enabling companies to manage the financial operations efficiently. The platform provides a suite of tools, including an invoice maker, billing, and accounting, to help businesses automate repetitive tasks and improve financial visibility.
- Website
- www.refrens.com/
- Social
- Email ID
- *****@refrens.com
- Phone Number
- +91 **********
- Registered Address
- 1D-606, Sesna, Divyasree Elan Homes, Beside Fire Station, Sarjapur Road,Kaiko, ndrahalli, Bangalore, Bangalore, Karnataka, India, 560035
Legal entities associated with Refrens
Refrens is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
REFRENS INTERNET PRIVATE LIMITED CIN: U72900KA2019PTC126530 , India, Active | Jul 25, 2019 | $653K (As on Mar 31, 2025) | 24 (As on Aug 31, 2025) |
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Refrens's funding and investors
Refrens has raised a total funding of $1.2M over 2 rounds. Its first funding round was on Dec 24, 2019. Its latest funding round was a Seed round on Mar 28, 2022 for $*****. 67 investors participated in its latest round. Refrens has 19 institutional investors and 82 angel investors.
Here is the list of recent funding rounds of Refrens:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 28, 2022 | 2747010 | Seed | 8745368 | 4778787 | 2399973 | 8396036 |
Dec 24, 2019 | 5268595 | Seed | 7429334 | 2208235 |
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Refrens' founders and board of directors
Founder? Claim ProfileHere are the details of Refrens' key team members:
- Naman Sarawagi: Co-Founder of Refrens and founder of 1 other company. They are also an angel investor in 6 startups and serve on the board of 1 company.
- Mohit Jain: Co-Founder & CTO of Refrens and founder of 1 other company. They are also an angel investor in 7 startups and serve on the board of 1 company.Contact Info: 1 email address
- Maryann B Carmela: CEO of Refrens.
Refrens' Board of Directors
Refrens's board has 2 active members. Naman Sarawagi and Mohit Jain are part of team.Here is the list of Refrens' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 7m | |
Team | - | Current | 6y 7m |
View details of Refrens's Founder profiles and Board Members
Refrens' employee count trend
Refrens has 24 employees as of Aug 25. The total employee count is the same as what it was in Aug 24. Here is Refrens's employee count trend over the years:
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Refrens's Competitors and alternates
Top competitors of Refrens include Ramp, Mynd Solutions and HighRadius. Here is the list of Top 10 competitors of Refrens, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Ramp 2019, New York City (United States), Series E | Provider of a platform for spend management, corporate cards, and payables | $2.44B | 85/100 | |
2nd |  Mynd Solutions 2002, Gurugram (India), Series B | Provider of integrated back-office solutions across finance, accounting, HR, compliance, and staffing | $28.7M | 69/100 | |
3rd | HighRadius 2006, Houston (United States), Series C | Provider of AI-powered platform for automating finance processes and improving outcomes | $484M | 68/100 | |
4th | Provider of a unified platform for finance operations management and automation | $11.6M | 66/100 | ||
5th |  Hyperbots 2023, Dover (United States), Series A | Developer of an AI platform for finance and accounting co-pilots | $14.5M | 64/100 | |
6th | AI-powered unified finance and banking platform | $6.5M | 62/100 | ||
7th | Billing Platform 2009, Englewood (United States), Series C | Provider of cloud-based platform for automating enterprise revenue lifecycle processes | $104M | 62/100 | |
8th |  PowerPlan 1994, Atlanta (United States), Acquired | Financial performance software for asset-intensive organizations, empowering strategic decisions and compliance | $110M | 62/100 | |
9th | Recko 2018, Dover (United States), Acquired | Cloud-based digital transaction management and reconciliation solution for businesses | $7.5M | 61/100 | |
10th |  Alaan 2021, Dubai (United Arab Emirates), Series A | Provider of corporate card and spend management platform | $55M | 60/100 | |
11th | Provider of a cloud-based comprehensive platform that streamlines business processes. | $1.2M | 58/100 |
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Refrens's Latest cap tables and shareholding
Founders (largest shareholder) own 67.46%, Funds own 9.76%, Enterprises own 0.46% and Angels own 13.12%. The net worth of Refrens's founders is INR 39.3Cr as of May 04, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 67.46% | 39.3Cr | 4924851 | 8182196 | 1514408 | 6196098 |
8883078 | 5536232 | 1357509 | 3969886 | 3146499 | 6991975 | |
9386031 | 3200805 | 4060321 | 5461838 | 9580578 | 5405958 | |
Fund | 9.76% | 5.68Cr | 3064346 | 7980140 | 4375645 | 3081137 |
7 | 1 | 7 | 4 | 1 | 6 | |
Enterprise | 0.46% | 26.3L | 0 | 0 | 0 | 0 |
Angel | 13.12% | 7.63Cr | 2085244 | 4135252 | 1993378 | 1345901 |
Other People | 0.28% | 16.5L | 0 | 0 | 0 | 0 |
ESOP Pool | 8.93% | 5.2Cr | 6675059 | 2524447 | 1266862 | 6063685 |
Total | 100.00% | 58.2Cr | 4594977 | 3670316 | 2978851 | 5554039 |
To unlock detailed Cap Table of Refrens 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 Refrens's Shareholding
Refrens's Investments and acquisitions
Refrens has made no investments or acquisitions yet.
Reports related to Refrens
Here is the latest report on Refrens's sector:
News related to Refrens
Media has covered Refrens for a total of 3 events in the last 1 year, 3 of them have been about company updates.
•
Refrens.com Launches Kherpa to Simplify Subscription Management for Indian SaaS CompaniesMedia Bulletins•Jan 12, 2026•Refrens
•
Refrens Launches Embedded Invoicing & Accounting Suite, Cutting Back-Office Overhead by 90%Media Bulletins•Nov 25, 2025•Refrens
•
Refrens Launches Embedded Invoicing & Accounting Suite, Cutting Back-Office Overhead by 90%The Tribune•Sep 15, 2025•Refrens
•
Refrens raises funding from Paytm founder, othersVCCircle•May 12, 2020•Refrens, First Cheque, Collective Fund
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