# FREED

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

- Industry: Financial Services
- Headquarters: Gurugram, India
- Website: www.freed.care
- Total disclosed funding: $17M
- Latest round: Series A (Feb 26, 2026)
- Investors on record: 14

## About

Based in Gurugram, India, and founded in 2020 by CEO Ritesh Srivastava, Freed India Private Limited, d.b.a. FREED operates as a debt relief platform that brings borrowers seeking debt resolution and lenders on a neutral platform to make individuals debt-free through a debt settlement program. In February 2026, FREED raised INR 600 million in series A from Aavishkaar Capital, Sorin Investments, Piper Serica, and Sattva Ventures.

The company provides Freed, a consumer debt relief platform that enables a debt settlement program for people with high levels of unsecured debt, who are struggling with financial hardship due to a job loss, pay cuts, medical emergencies, and more. The platform also provides personalized budgeting, spend analytics, debt payoff strategies, credit education, and repayment simulations using artificial intelligence technology.

The company will use the February 2026 funding to scale operations, expand into new regions, strengthen its product and underwriting systems, and build deeper partnerships with financial institutions.

## Funding rounds

- Series A, Feb 26, 2026, $6.6M — Aavishkaar Capital, Sorin Investments, Piper Serica, Sattva Ventures
- Series A, Mar 13, 2024, $7.3M — Multiply Ventures, Sorin Investments, Piper Serica
- Seed, Apr 7, 2022, $2.7M — Inflection Point Ventures, Kalpathi Investments, Hyderabad Angels, The Chennai Angels, Lead Invest, Touchstone Ventures, Chandigarh Angels Network, Multiply Ventures, Beacon Trusteeship Limited, Mintosh Advisory Private Limited

## Investors

- Inflection Point Ventures (https://capitalatlas.ai/funds/inflection-point-ventures) — Seed
- Kalpathi Investments — Seed
- Hyderabad Angels (https://capitalatlas.ai/funds/hyderabad-angels) — Seed
- The Chennai Angels (https://capitalatlas.ai/funds/the-chennai-angels) — Seed
- Lead Invest (https://capitalatlas.ai/funds/lead-invest) — Seed
- Touchstone Ventures — Seed
- Chandigarh Angels Network — Seed
- Multiply Ventures (https://capitalatlas.ai/funds/multiply-ventures) — Seed, Series A
- Beacon Trusteeship Limited — Seed
- Mintosh Advisory Private Limited — Seed
- Sorin Investments (https://capitalatlas.ai/funds/sorin-investments) — Series A
- Piper Serica (https://capitalatlas.ai/funds/piper-serica) — Series A
- Aavishkaar Capital (https://capitalatlas.ai/funds/aavishkaar-capital) — Series A
- Sattva Ventures — Series A