# Ring

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ring-2

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.paywithring.com/
- Total disclosed funding: $117M
- Latest round: Series E (Jun 8, 2022)
- Investors on record: 7

## About

Ring specializes in providing seamless financial solutions, including personal and business loans, through a user-friendly digital platform, enabling quick access to credit for various needs in India.Founded in 2016 and headquartered in Mumbai, India, Ring operates as a financial technology firm focusing on lending solutions. The company has executed a total of 8 deals, with the most recent being a Series E funding round in April 2024, raising USD 80.00 mn from notable investors including the Brunei Investment Agency and Sistema Asia Capital. The current company valuation stands at USD 500.00 mn.RING Power Loans offers a variety of financial products, including personal loans, business loans, and loans against property. Their digital platform simplifies the loan application process, allowing clients to receive funds swiftly, catering to individual needs such as weddings and business growth. RING's services are primarily targeted towards urban and semi-urban markets across India, where they aim to meet the rising demand for accessible financial solutions.In the year 2023, RING Power Loans reported a revenue of USD 127.20 mn and an EBITDA of USD 13.76 mn. The company’s business model focuses on direct consumer interactions for loan applications, ensuring competitive pricing and flexible repayment terms to attract personal and business borrowers.Following their recent Series E funding round, which occurred on April 17, 2024, Ring plans to utilize the USD 80.00 mn raised for on-lending and to expand their balance sheet loan book. The company is also looking to introduce new financial products in the near future, aiming to enhance their service offerings and increase market penetration in both urban and semi-urban regions across India.

## Funding rounds

- Series E, Jun 8, 2022, $80M — Vertex Ventures Southeast Asia & India, Brunei Investment Agency, Endiya, Sistema Asia Capital
- Series D, Nov 18, 2019, $7.8M — Ventureast, Sistema, Vertex Ventures
- Series C, Sep 7, 2018, $21M — Ventureast, Vertex Ventures, Endiya, Sistema Asia Capital
- Series B, Oct 25, 2017, $7.4M — Ventureast, Endiya
- Series A, Mar 23, 2017, $0.9M — Endiya
- Seed, Jul 21, 2016, $0.1M — Ventureast

## Investors

- Ventureast (https://capitalatlas.ai/funds/ventureast) — Seed, Series B, Series C, Series D
- Endiya (https://capitalatlas.ai/funds/endiya) — Series A, Series B, Series C, Series E
- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Series C, Series D
- Sistema Asia Capital (https://capitalatlas.ai/funds/sistema-asia-capital) — Series C, Series E
- Sistema — Series D
- Vertex Ventures Southeast Asia & India (https://capitalatlas.ai/funds/vertex-ventures-southeast-asia-india) — Series E
- Brunei Investment Agency — Series E