# Indifi Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/indifi-technologies-private

- Industry: Financial Services
- Headquarters: Gurgaon, India
- Website: www.indifi.com
- Total disclosed funding: $86M
- Latest round: Series E (Jun 12, 2023)
- Investors on record: 10

## About

Indifi Technologies Pvt. Ltd. is an Indian financial technology firm that provides tailored financial solutions for small and medium enterprises, enabling them to access necessary capital through innovative lending products.Founded in 2015 in Gurgaon, India, Indifi Technologies Pvt. Ltd. specializes in offering financial products like unsecured business loans and credit lines to assist small businesses. The company was established by Siddharth Mahanot and has since raised a total of INR 2905.00 mn in funding, with the latest investment round being Series E led by ICICI Venture. The firm has completed nine deals to date, with a current valuation of INR 11350.81 mn.Indifi Technologies Pvt. Ltd. provides financial products aimed at supporting small businesses across sectors such as hospitality, retail, e-commerce, and trading. Their offerings include unsecured business loans, revolving lines of credit, and invoice discounting solutions, all designed to help entrepreneurs manage cash flow and invest in growth without requiring collateral. The firm primarily serves small and medium enterprises (SMEs) in India, providing accessible financing to overcome capital acquisition challenges.For the most recent year, 2023, Indifi Technologies reported a revenue of INR 24661608.10 and an EBITDA of INR 9301414.20. The company's revenue model focuses on facilitating loans and credit products, generating income through interest and processing fees associated with loans, which are typically disbursed within 24 hours upon approval.Indifi Technologies Pvt. Ltd. aims to enhance its product offerings and expand into new markets. The recent funding will support the development of new financial products tailored to the evolving needs of small businesses. Additionally, plans are underway to enter new geographic regions, although specific details on markets and timelines have not been disclosed. The company also recently raised an undisclosed amount of venture funding from new investor Tracxn Labs, which is expected to bolster these initiatives. In March 2026, Indifi Technologies Private Limited raised INR 400 million in venture debt funding.

The company will use the March 2026 funding to enhance its platform and expand its market reach.

## Funding rounds

- Series E, Jun 12, 2023, $35M — ICICI Venture, Finnfund, British International Investment, CX Partners, Omidyar Network, Flourish Ventures
- Series D, Aug 31, 2021, $19M — Accel, British International Investment, Elevar Equity, OP Asset Management, CX Partners, Omidyar Network, Flourish Ventures
- Series C, Jul 11, 2019, $21M — Accel, British International Investment, Elevar Equity, Omidyar Network, Fair Finance Fund
- Series B, Dec 9, 2016, $10M — Accel, Elevar Equity, Omidyar Network

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C, Series D
- Elevar Equity (https://capitalatlas.ai/funds/elevar-equity) — Series B, Series C, Series D
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series B, Series C, Series D, Series E
- British International Investment — Series C, Series D, Series E
- Fair Finance Fund — Series C
- OP Asset Management — Series D
- CX Partners (https://capitalatlas.ai/funds/cx-partners) — Series D, Series E
- Flourish Ventures (https://capitalatlas.ai/funds/flourish-ventures) — Series D, Series E
- ICICI Venture (https://capitalatlas.ai/funds/icici-venture) — Series E
- Finnfund — Series E