success-stories16_GINSERV

Raised $200 million in its Series D round (ended Jan 2023) from Advent International.Founded in May 2018, is a Bengaluru-based fintech startup focused on digital lending, especially instant personal loans for salaried and self-employed individuals. Currently, it has a team size in the range of ~1,000-5,000 employees and serves a customer base of over 20 million users.

  • Valuation near US$680-700 million post that funding round.
  • Achieved profitability in FY23: Net profit of ~₹64.33 crore, revenue from operations of ~₹788.66 crore.
  • Strong product & regulatory positioning: runs its own RBI-registered NBFC (KrazyBee Services) & partners with many NBFCs & banks.