# Axio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axio

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.axio.co.in
- Total disclosed funding: $198M
- Latest round: Series F (Oct 21, 2021)
- Investors on record: 8

## About

Based in Karnataka, India, and founded in 2013 by co-founders Gaurav Hinduja and Sashank Rishyasringa, CapFloat Financial Services Private Limited doing business as Axio, operates as a non-banking finance company (NBFC) providing digital lending services for the financial services industry. In April 2024, CapFloat Financial Services Private Limited raised INR 500 million in venture debt financing from Alteria Capital. 

Axaio developed a mobile application platform for Android and iOS smartphone users. The company’s platform offers a variety of financial solutions including capital finance and business loans for small and medium enterprises, term loans and working capital loans, pay later, personal credit and money management services. It allows individuals to take loans of INR 30,000 to INR 4,00,000. In addition, the firm uses cash flows, projected receivables, financials, and bank statements to determine the loans.

## Funding rounds

- Series F, Oct 21, 2021, $86M — Hong Shan, Creation Investments Capital Management, Lightrock, Ribbit Capital, QED Innovation Labs, Dinesh Hinduja Family Office
- Series E, Apr 7, 2020, $4.9M — Amazon
- Series E, Oct 11, 2019, $20M — Hong Shan, Ribbit Capital, Elevation Capital
- Series E, Aug 30, 2017, $46M — Hong Shan, Creation Investments Capital Management, Ribbit Capital, Elevation Capital
- Series D, May 20, 2016, $25M — Hong Shan, Creation Investments Capital Management, Lightrock, Elevation Capital
- Series C, Mar 19, 2015, $12M — Hong Shan, Lightrock, Elevation Capital
- Series B, Dec 8, 2014, $1M — Lightrock
- Series B, Jul 10, 2014, $2M — Lightrock, Elevation Capital

## Investors

- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series B, Series C, Series D, Series F
- Elevation Capital — Series B, Series C, Series D, Series E
- Hong Shan — Series C, Series D, Series E, Series F
- Creation Investments Capital Management (https://capitalatlas.ai/funds/creation-investments-capital-management) — Series D, Series E, Series F
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series E, Series F
- Amazon (https://capitalatlas.ai/funds/amazon) — Series E
- QED Innovation Labs — Series F
- Dinesh Hinduja Family Office — Series F