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Indifi operates a technology platform that analyzes diverse business data to assess creditworthiness and facilitate unsecured loans for small and medium enterprises (SMEs) in India. The platform addresses the significant credit gap faced by businesses lacking access to traditional financing by connecting qualified applications to multiple lenders. This approach streamlines the lending process, minimizing risk, extensive paperwork, and associated costs for both borrowers and lenders, enabling quick disbursement of funds. Indifi has successfully raised capital, including a $21 million round in 2019, with $15 million contributed by British International Investment (formerly CDC Group), alongside subsequent follow-on investments. The company primarily serves SMEs across various sectors, including travel, e-commerce, hospitality, retail, and restaurants, leveraging its proprietary algorithms to drive financial inclusion.
Indifi has raised $65.8M across 3 funding rounds.
Key people at Indifi.
Indifi was founded in 2015 by Alok Mittal (CEO, Co-Founder & Managing Director).
Indifi has raised $65.8M in total across 3 funding rounds.
Indifi was founded in 2015 by Alok Mittal (CEO, Co-Founder & Managing Director).
Indifi has raised $65.8M in total across 3 funding rounds.
Indifi's investors include Nikhil Mohta, British International Investment, CX Partners, Finnfund, Flourish Ventures, Omidyar Network India, Srini Nagarajan, Accel, Elevar Equity, Omidyar Network.
Key people at Indifi.
Indifi has raised $65.8M across 3 funding rounds. Most recently, it raised $35.0M Indifi Technologies - Series E in June 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2023 | TagZ Foods | $2.0M Seed | Venture Catalysts, Rannvijay Singha, Agility Ventures, Dexter Angels, Indifi, Klub | Kunal Shah |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 12, 2023 | $35M Series E | Nikhil Mohta | British International Investment, CX Partners, Finnfund, Flourish Ventures, Omidyar Network India | Announced |
| Aug 5, 2019 | $20.8M Series C | Srini Nagarajan | Accel, Elevar Equity, Flourish Ventures, Omidyar Network | Announced |
| Jan 1, 2017 | $10M Series B | Omidyar Network | Accel, Elevar Equity | Announced |
