When was Solfin founded?

Solfin was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is Solfin located?

Solfin is headquartered in Gurugram, India. It is registered at B-102, 103 and 104, 1st Floor, Tower-B, Pioneer Urban Square Village Ghata, Sector-62, Golf Course Extension Road, Tehsil Wazirabad, Gurgaon, Gurgaon, Sadar Bazar, Haryana, India, 122001.

Which legal entities is Solfin associated with?

Solfin is associated with XSFINANCE AND INVESTMENT PRIVATE LIMITED.

How many employees does Solfin have?

As of May 31, 2026, the latest employee count at Solfin is 92.

Is Solfin a funded company?

Solfin is a funded company, having raised a total of $54.6M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 30, 2023.

How much is Solfin worth?

The latest valuation of Solfin is $***** as of Mar 31, 2026.

When was the latest funding round of Solfin?

Solfin's latest funding was a $***** Series C round on May 21, 2026, with participation from 0 investor.

What is the annual revenue of Solfin?

Annual revenue of Solfin is less than ₹10 Cr as on Mar 31, 2025

Where does Solfin rank among its competitors?

Solfin ranks 1st amongst 1146 active competitors, of which 21 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Two Point O Capital, which secured $10M in Nov, 2026.

Who are the top competitors of Solfin?

Solfin's top competitors include Ecofy, Oorjan and Aerem. Among them, Two Point O Capital secured the most recent funding round in November, 2026.

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

Solfin is a series C company based in Gurugram (India), founded in 2022 by Gautam Kaushik. It operates as a Provider of SME loans for solar projects. Solfin has raised $54.6M in funding from PointOne Capital and Arham Investment, with a current valuation of $*****. The company has 1146 active competitors, including 21 funded and 13 that have exited. Its top competitors include companies like Ecofy, Oorjan and Aerem.

Company Details

Provider of SME loans for solar projects. Company collaborates with real estate developers to finance and oversee the development of community-scale, ground-mounted solar arrays that generate clean power.

Website: solfin.co.in
Social
Email ID: *****@solfin.co.in
Phone Number: +91 **********
Registered Address: B-102, 103 and 104, 1st Floor, Tower-B, Pioneer Urban Square Village Ghata, Sector-62, Golf Course Extension Road, Tehsil Wazirabad, Gurgaon, Gurgaon, Sadar Bazar, Haryana, India, 122001

Key Metrics

Founded Year

2022

Location

Gurugram, India

Stage

Series C

Total Funding

$54.6M in 4 rounds

Latest Funding Round

Series C, May 21, 2026, $*****

Post Money Valuation

$***** as on Mar 31, 2026

Investors

PointOne Capital & 20 more

Ranked

1^st among 1146 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

92 as on May 31, 2026

Investment & Acquisitions

Dhanvikas & 1 more

Similar Companies

Ecofy & 50 more

View Solfin's full profile

Solfin is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
XSFINANCE AND INVESTMENT PRIVATE LIMITED CIN: U65999HR2022PTC108105 , India, Active	Dec 01, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	92 (As on May 31, 2026)

Solfin has raised a total funding of $54.6M over 4 rounds. Its first funding round was on Mar 30, 2023. Solfin has 10 institutional investors and 11 angel investors.

Here is the list of recent funding rounds of Solfin:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 21, 2026	8611571	Series C	6080426	8167803	3211157	7340326
Feb 01, 2026	4329666	Series B	3575936	6797018	6093614	Navkar Ventures & 6 more
May 15, 2025	6245407	Series A	2334113	2026905	8786356	Waaree Sustainable Finance

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View details of Solfin's funding rounds and investors

The founders of Solfin is Gautam Kaushik.

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

Gautam Kaushik: Co-Founder of Solfin.
Contact Info: 2 email addresses

View details of Solfin's Founder profiles and Board Members

Solfin's employee count trend

Solfin has 92 employees as of May 26. The total employee count is 241.0% more than what it was in May 25. Here is Solfin's employee count trend over the years:

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Top competitors of Solfin include Ecofy, Oorjan and Aerem. Here is the list of Top 10 competitors of Solfin, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Solfin 2022, Gurugram (India), Series C	Provider of SME loans for solar projects	$54.6M	LVX, Krivi Investment & 19 others	72/100
2nd	Ecofy 2022, Mumbai (India), Series B	Financial solutions for the electric vehicle, solar, and SME sectors	$65.5M	British International Investment, Finnfund ... & 4 others	69/100
3rd	Oorjan 2014, Mumbai (India), Seed	Provider of solar project financing and development services	$655K	Globevestor, Hercules Pigments & 17 others	66/100
4th	Aerem 2018, Mumbai (India), Series A	Solar fintech platform providing rooftop solar financing	$36.2M	Blume Venture, Anchorage Capital Partners ... & 39 others	65/100
5th	Metafin 2018, Mumbai (India), Series A	Provider of solar energy financing services	$15.6M	Prime Venture Partners, Z Nation Lab & 21 others	63/100
6th	Orb Energy 2006, Bengaluru (India), Series A	Provider of solar solutions	$10.1M	FMO, Shell & 13 others	63/100
7th	Two Point O Capital 2024, Mumbai (India), Seed	Provider of clean energy and water treatment infrastructure financing and turnkey execution solutions	$16.3M	Omnivore, Transition VC & 12 others	60/100
8th	Credit Fair 2018, Mumbai (India), Acquired	Platform offering solar financing solutions	$26.8M	Nueva Capital, pi Ventures & 69 others	59/100
9th	U-Solar Clean Energy 2010, Bengaluru (India), Series A	Provider of solar power solutions for industrial, commercial, and residential sector	$507K	Rvg Partners, Goode Partners & 3 others	54/100
10th	Becquer Energy 2016, Mumbai (India), Unfunded	Manufacturer of solar products and EPC services	-	-	53/100

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XSFINANCE AND INVESTMENT PRIVATE LIMITED, the legal entity associated with Solfin, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of XSFINANCE AND INVESTMENT PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 902% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23
Income Statement
Revenue	6138	2743	1145
Total Sales	1625	8158	8767
Total Expenses	6980	5542	3022
Operating Expenses	6393	3657	9320
Employee Expenses	3808	3845	3912
Operating Income (EBIT)	9743	3288	4508
Interest Expenses	5084	1667	8618
Expenses from other activities	9046	8788	6067
EBITDA	1919	6675	6033
Taxes	4837	5562	8893
Net Profit	8000	4557	4955
Balance Sheet
Assets	9988	4385	8915
Accounts Receivables	7466	4037	7698
Inventory	6657	9099	2566
Liabilities	7205	1411	6748
Total Debt	6517	1638	5020
Accounts Payable	8660	7950	8570
Equities	2393	6680	1011

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 9.55%, Funds own 0.30%, Parent Entities (largest shareholder) own 68.82% and Enterprises own 12.00%. The net worth of Solfin's founders is INR 69.2Cr as of Feb 01, 2026. The cap table displayed below is for XSFINANCE AND INVESTMENT PRIVATE LIMITED which is the legal entity associated with Solfin.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	9.55%	69.2Cr	9892211	8150728	6095347	9890549
Fund	0.30%	2.16Cr	0	0	0	0
Qed Innovation Labs	0	0	0	0	0	0
PointOne Capital	0	0	0	0	0	0
Parent Entity	68.82%	499Cr	7972792	2756609	5149219	3185951
Enterprise	12.00%	87Cr	1030771	8955230	3117784	1437092
Angel	5.89%	42.6Cr	19796	28373	47193	64077
ESOP Pool	3.45%	25Cr	453	627	300	771
Total	100.00%	725Cr	3508103	5014563	3617777	6695663