# Goddard Technical Solutions Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/goddard-technical-solutions-pvt

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.availfinance.in
- Total disclosed funding: $21M
- Latest round: Series B (Sep 1, 2020)
- Investors on record: 5

## About

Based in India, Goddard Technical Solutions Pvt Ltd specializes in providing digital lending and financial management solutions tailored for underserved markets, enhancing financial accessibility for individuals and small businesses.Goddard Technical Solutions Pvt Ltd, founded in 2017, is headquartered in Bangalore, India, and focuses on offering innovative financial solutions. The company has successfully closed 8 deals, with the most recent being an Add-on Trade Sale on March 24, 2022, where it raised USD 49.6 mn led by Ola Cabs. The founders, Ankush Aggarwal and Tushar Mehndiratta, have been pivotal in driving the firm's growth in the fintech sector. To date, the total amount raised by the company stands at USD 907.56 mn.Goddard Technical Solutions Pvt Ltd operates a digital lending platform that provides personal loans to underserved individuals and small businesses. By leveraging advanced technology, the platform assesses creditworthiness and streamlines application processes, ensuring quick approvals. The primary clientele includes young professionals and small business owners, primarily in urban and semi-urban regions of India, aiming to enhance financial inclusion through tailored credit solutions.In the most recent fiscal year 2023, the revenue of Goddard Technical Solutions Pvt Ltd amounted to USD 1,390,522.90, while the EBITDA during the same period was recorded at USD -3,577,232.20, highlighting the company's financial dynamics as it navigates the lending market.Looking ahead, Goddard Technical Solutions Pvt Ltd plans to enhance its product offerings with new features designed to better serve its target demographic. The acquisition by ANI Technologies Private Limited aims to bolster its reach into the blue-collar workforce, particularly within Ola’s driver-partner ecosystem. The company is focused on expanding its footprint in additional urban centers across India, utilizing recent funding obtained from the USD 49.6 mn acquisition to support this initiative and strengthen its service delivery in credit underserved segments.

## Funding rounds

- Series B, Sep 1, 2020, $12M — Alpha Wave Global, Alteria Capital, Z47, Stride Ventures
- Series A, May 24, 2019, $8.5M — Blue Wolf Capital Partners, Z47
- Series A, Mar 14, 2018 — Z47

## Investors

- Z47 (https://capitalatlas.ai/funds/z47) — Series A, Series B
- Blue Wolf Capital Partners (https://capitalatlas.ai/funds/blue-wolf-capital-partners) — Series A
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series B
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series B
- Stride Ventures — Series B