Company lists
The Gujarat edition · 2026

Alternative lendingcompanies in Gujarat

Online lenders, loan marketplaces, business loans, personal loans, alternative credit and more: the companies building alternative lending in Gujarat, with their founders, funding, team size and business models.

67 company profiles23 with reported revenue6 with recorded fundingOctober 2026 edition

Recent alternative lending business events in India

Funding, M&A, contract wins and launches involving 2,076 alternative lending companies in India, last 24 months: 118 funding rounds · 45 M&A deals · 22 launches · 7 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

LaunchAI-powered Gold Purity Evaluation Machine

Augmont

Augmont has launched an AI-powered Gold Purity Evaluation Machine at its Poonamallee Gold Loan branch in Chennai, Tamil Nadu, as part of its efforts to digitize and streamline gold…

Gold Loan / Gold Assessment
M&AAcquisition · Announced

Oxyzo acquires GoldenPi Technologies

Oxyzo has approved the full acquisition of GoldenPi Technologies and its subsidiary GoldenPi Securities through a share-swap deal worth ₹42.4 crore (around $4.4 million).

Fixed-income investment platform
FundingSeries A

Oolka

AI-powered customer engagement startup Oolka led the segment with a Rs 130 crore Series A round, backed by Accel, Lightspeed, and Z47.

Investors Accel, Lightspeed, Z47
FundingSeries A

Oolka

Oolka has raised $14 million in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Z47.

Investors Accel, Lightspeed, Z47, Vidit Aatrey
Digital Payments
FundingSeries A

Credilio

Fintech startup Credilio has raised ₹100 Cr (about $10.5 Mn) in its Series A funding round led by existing backer Cornerstone Ventures, with participation from Shepherd Hill, Roots…

Investors Cornerstone ventures, Shepherd Hill, Roots Ventures, ESV-Arthya AIF
Fintech
Funding

GLAAS

Seasoned entrepreneur Devesh Sachdev has invested $5 million in GLAAS, an embedded credit platform for MSMEs, and joined the company as co-founder and Managing Director.

Investors Devesh Sachdev
Fintech
LaunchKonfir

Experian

Experian Experian, the global data and technology company, has announced the expansion of its verification capabilities in the UK with the addition of Konfir.

Verification
FundingDebt

Indifi

Indifi has raised ₹40 crore in debt from BlackSoil Capital to strengthen its digital lending platform and expand credit access for SMEs across India.

Investors BlackSoil Capital
FinTech
Funding

Finfinity

"Finfinity raised $2.4 million,"

Investors Na
Lending
Funding

True balance

The most recent competitors to raise funding was True Balance secured $10M in Mar, 2026.

FundingSeries A

Credilio

Fintech startup Credilio has raised around Rs 30 crore (approximately $3.3 million) in its Series A round led by existing investor Cornerstone Ventures, with participation from Ashra…

Investors Cornerstone ventures, Ashra Private Equity Fund
Fintech
Funding

Ecofy

Ecofy, an NBFC focused on financing climate change solutions, raised Rs 380.5 crore ($41 million approx,) from BII and DAIF.

Investors Bii, DAIF
FinTech
LaunchEVA

Experian

Experian unveiled the next evolution of the Experian Virtual Assistant, EVA, to provide near real‑time spending analysis, tailored recommendations, and relevant financial offers based on…

Virtual Assistant
Funding

Lendingkart

Lendingkart is looking to raise Rs 850 crore in fresh equity infusion from existing investors.

Investors Fullerton Financial, Existing investors
FinTech
LaunchJioFinance

Jio financial services

Jio Financial Services Ltd on Friday launched an online marketplace for financial products through its new app JioFinance.

Online Marketplace for Financial Services
FundingUndisclosed

Kreditbee

Bengaluru-based Kreditbee is looking to close a $120 million (about Rs 1,000 crore) funding round, which could propel the fintech lending startup into the unicorn club.

Investors External investor, Advent international, Mufg, Others
Fintech lending
FundingSeed

Roopya

Roopya, a Saas-based startup, has raised ₹ 4 Crore in seed round led by Inflection Point Ventures.

FinTech
FundingEquity

Progcap

New Delhi-headquartered supply-chain financing startup Progcap is in advanced talks to close a $100 million equity funding round, according to two people in the know.

Supply Chain Financing
FundingDebt

Fibe

In August last year, Fibe also raised Rs 250 crore in debt for its lending arm, EarlySalary, from a group of investors including AK Capital Finance.

Investors AK Capital Finance
Consumer lending
FundingSeries C

Olyv

Bengaluru-based Olyv, a consumer lending platform, has raised INR 207 crore (about USD 23 million) in a Series C funding round from Nandan Nilekani’s The Fundamentum Partnership and…

Investors Nandan Nilekani’s The Fundamentum Partnership, Japan’s SMBC Asia Rising Fund
Consumer lending
Funding

Care.Fi

Care.fi landed $8 million to help hospitals in India run better and faster…

Health
Funding

Easy home finance

Mumbai-based Easy Home Finance has secured $30 million led by global asset management firm Investcorp.

Investors Investcorp, Claypond Capital, SMBC Asia Fund
Home finance
M&AAcquisition · Announced

Care.Fi acquires Aldun

Care.fi, a healthcare-focussed fintech founded by Vikrant Agrawal and Sidak Singh, announced its acquisition of Aldun, a discharge-automation platform known for enabling near-instant,…

Healthcare Software
M&AAcquisition · Announced

Unnati acquires Gramophone

Unnati is set to acquire Info Edge-backed peer startup Gramophone.

Agri-tech
M&AAcquisition · Announced

Info edge acquires Unnati

InfoEdge will invest Rs 35 crore in Unnati, which will take its stake up to 20.5%.

Agritech
LaunchInsta Payout

Urban money

Urban Money, one of India’s largest tech-driven loan distribution platforms, today announced the launch of Insta Payout, a breakthrough product designed to completely transform how…

Funding

Fibe

Fibe: Fintech lender Fibe, backed by TPG, secured $35 million from the International Finance Corporation (IFC) as part of a funding round.

Fintech

Alternative lending companies in Gujarat, by revenue

Browse alternative lending companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 23 companies below are the largest by their most recent reported revenue among 23 alternative lending companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 23 of 23

Provider of unsecured business loans and working capital financing to MSMEs

Alternative lending
₹898.19 crFY 2024-25
Not reported
1,441+22% 12 mo to Jul 2024LinkedIn · Oct 2026
12 yr2014
1postings · last posted Oct 2026

Developer of a platform offering personal loans

Alternative lending
₹78.75 crFY 2024-25
+35%2024–2025
161LinkedIn · Oct 2026
4 yr2022
5postings · last posted Sep 2026

Online platform for trade financing

Alternative lending
₹44.72 crFY 2021-22
Not reported
16+18% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of end-to-end solar solutions and financing options

Renewable energy tech
₹40.67 crFY 2024-25
+114%2024–2025
35LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of MSME business loan consultancy and financial services

Marketing services
₹39.69 crFY 2023-24
+126%2023–2024
463+388% 12 mo to Aug 2024LinkedIn · Oct 2026
13 yr2013
0none in 3 months

App-based lending solution for personal loans

Alternative lending
₹13.06 crFY 2024-25
-8%2024–2025
54-76% 12 mo to Sep 2024LinkedIn · Oct 2026
9 yr2017
0none in 3 months · last posted May 2026

Online platform for personal loans

Alternative lending
₹11.52 crFY 2024-25
+4%2024–2025
59LinkedIn · Oct 2026
6 yr2020
0none in 3 months

Provider of short-term personal loans

Alternative lending
₹10.93 crFY 2023-24
+301%2023–2024
—Not available
4 yr2022
0none in 3 months

Provider of financial consultation and loan application services

Alternative lending
₹5.37 crFY 2024-25
+100%2024–2025
18LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of debt and equity financing solutions for MSMEs and startups

Alternative lending
₹4.96 crFY 2024-25
+244%2024–2025
8LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Online platform for consumer and business loans

Consumer and sme loans
₹3.70 crFY 2024-25
-30%2024–2025
13LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Digital lending platform offering business and consumer loans

Alternative lending
₹3.41 crFY 2022-23
+125%2022–2023
19LinkedIn · Oct 2026
32 yr1994
0none in 3 months · last posted May 2026

Fintech company focused on providing financial solutions to unbanked and underbanked customers in rural and semi-urban areas

Alternative lending
₹2.56 crFY 2024-25
+79%2024–2025
36LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted May 2026

Provider of personal loans and business financing solutions for individuals

Alternative lending
₹1.85 crFY 2024-25
+190%2024–2025
24LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Online lending marketplace that connects farmers with financial services providers, offering a digital loan origination system for agricultural loans and credit

Crop tech
₹1.63 crFY 2024-25
-11%2024–2025
—Not available
8 yr2018
0none in 3 months

Online marketplace for consumer and business loans

Alternative lending
₹1.56 crFY 2024-25
+59%2024–2025
—Not available
6 yr2020
0none in 3 months

Developer of direct lending platform for multiple loans

Alternative lending
₹93.49 lakhFY 2024-25
+5%2024–2025
—Not available
4 yr2022
0none in 3 months · last posted Jul 2022

Provider of personal and business loans via a partner network

Alternative lending
₹82.55 lakhFY 2024-25
+111%2024–2025
21LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted May 2026

Online comparison platform for life & non-life insurance and consumer loans

Investment tech
₹27.59 lakhFY 2024-25
+41%2024–2025
2LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Online consultation and loan provider

Alternative lending
₹14.08 lakhFY 2024-25
Not reported
—Not available
2 yr2024
0none in 3 months

Provider of an online platform for personal loan and business loan solutions

Alternative lending
₹12.93 lakhFY 2024-25
Not reported
—Not available
2 yr2024
0none in 3 months

Horizontal lending marketplace

Alternative lending
₹4.78 lakhFY 2022-23
+350%2022–2023
1LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Platform offering loan solutions

Alternative lending
₹3.22 lakhFY 2024-25
Not reported
—Not available
2 yr2024
0none in 3 months
23 of 67 companies shown here · the full list is on Radar
Fliar Radar

Explore all 67 alternative lending companies in Gujarat on Radar

This page shows the top 23. Radar has the complete, filterable list with contacts and live company signals.

Open alternative lending in Gujarat on Radar
  • Every company, not just 50All 67 alternative lending companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore alternative lending companies in Gujarat by what you are looking for

Browse top alternative lending companies in Gujarat, including online lenders, loan marketplaces and alternative credit score providers. You can also find alternative lending startups in Gujarat and platforms hiring now.

8 ways to explore alternative lending in Gujarat

Online lenders & direct lending companiesLoan marketplaces & comparison platformsBusiness loan & working capital providersPersonal loan providersAlternative credit scoring & debt managementLending software & banking technology

Online lenders & direct lending companies

Digital lenders offering consumer and business loans directly.

  1. Lendingkart

    Provider of unsecured business loans and working capital financing to MSMEs

    Alternative lending
    See in list
  2. Chinmay Finlease

    Developer of a platform offering personal loans

    Alternative lending
    See in list
  3. Vayana TradeXchange

    Online platform for trade financing

    Alternative lending
    See in list
  4. Egniol

    Provider of MSME business loan consultancy and financial services

    Marketing services
    See in list
  5. IBL Finance

    App-based lending solution for personal loans

    Alternative lending
    See in list

Loan marketplaces & comparison platforms

Platforms that compare and connect borrowers with lenders.

  1. Nowof Loan

    Provider of financial consultation and loan application services

    Alternative lending
    See in list
  2. Kredittap

    Online consultation and loan provider

    Alternative lending
    See in list
  3. Capitaworld

    Horizontal lending marketplace

    Alternative lending
    See in list
  4. Apna Loan

    Provider of loan products including business, car, education, housing, and personal

    Alternative lending
    Website
  5. CreditBasket

    Online comparison platform for consumer loans

    Alternative lending
    Website

Business loan & working capital providers

Companies offering loans and financing for small businesses.

  1. Vayana TradeXchange

    Online platform for trade financing

    Alternative lending
    See in list
  2. Egniol

    Provider of MSME business loan consultancy and financial services

    Marketing services
    See in list
  3. CredIn

    Fintech company focused on providing financial solutions to unbanked and underbanked customers in rural and semi-urban areas

    Alternative lending
    See in list
  4. LightMoney

    Platform providing credit solutions to businesses

    Alternative lending
    Website
  5. Finportal

    Digital lending platform offering consumer and business loans

    Finance & accounting services
    Website

Personal loan providers

Companies offering personal loans and credit lines to individuals.

  1. Chinmay Finlease

    Developer of a platform offering personal loans

    Alternative lending
    See in list
  2. IBL Finance

    App-based lending solution for personal loans

    Alternative lending
    See in list
  3. Lenditt

    Online platform for personal loans

    Alternative lending
    See in list
  4. GSD Financial

    Provider of short-term personal loans

    Alternative lending
    See in list
  5. PJ Credit Capital

    Provider of personal loans and business financing solutions for individuals

    Alternative lending
    See in list

Alternative credit scoring & debt management

Providers of alternative credit scores, credit assessment and debt counselling.

  1. Credit Aims

    Provider of credit reports, credit counseling, and credit score improvement services

    Alternative lending
    Website
  2. apical solution

    Apical Solution provides tele-collection, credit verification, customer profiling and data entry services for various companies.

    Banking tech
    Website
  3. easyBSA

    Creditworthiness solutions for banks & lenders

    Banking tech
    Website
  4. Clicqsolve

    Provider of credit score management platform for financial management

    Alternative lending
    Website
  5. Jamattu

    Credit management application

    Alternative lending
    Website
7 companies in Gujarat

Lending software & banking technology

Lending-as-a-service and loan management software for banks and lenders.

  1. RupeeFin

    Online comparison platform for life & non-life insurance and consumer loans

    Investment tech
    See in list
  2. OPLinnovate

    White label solutions for financial institutions

    Banking tech
    Website
  3. Medscred

    Provider of healthcare financing and insurance claim management platform services

    Insurance it
    Website
  4. paisatap

    A Online & Offline Lending Marketplace for Credit Cards & Loans

    Alternative lending
    Website
  5. easyBSA

    Creditworthiness solutions for banks & lenders

    Banking tech
    Website

Alternative lending startups in Gujarat

Newer lending companies founded in recent years in Gujarat.

  1. Vayana TradeXchange

    Online platform for trade financing

    Alternative lending
    See in list
  2. Solnce Energy

    Provider of end-to-end solar solutions and financing options

    Renewable energy tech
    See in list
  3. lessEMI

    Developer of direct lending platform for multiple loans

    Alternative lending
    See in list
  4. Kredittap

    Online consultation and loan provider

    Alternative lending
    See in list
  5. Rupey Fincop

    Provider of an online platform for personal loan and business loan solutions

    Alternative lending
    See in list
27 companies in Gujarat

Alternative lending companies hiring in Gujarat

Lending companies in Gujarat with open jobs right now.

  1. Lendingkart

    Provider of unsecured business loans and working capital financing to MSMEs

    Alternative lending
    See in list
  2. Chinmay Finlease

    Developer of a platform offering personal loans

    Alternative lending
    See in list
  3. IBL Finance

    App-based lending solution for personal loans

    Alternative lending
    See in list
  4. Goyal Associates

    Digital lending platform offering business and consumer loans

    Alternative lending
    See in list
  5. CredIn

    Fintech company focused on providing financial solutions to unbanked and underbanked customers in rural and semi-urban areas

    Alternative lending
    See in list
9 companies in Gujarat
Mobile reach

Top 10 alternative lending apps from Gujarat

The most-installed Android apps published by alternative lending companies headquartered in Gujarat — 11.2M installs between them. 11 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Chinmay - Personal Loan App

by Chinmay Finlease

Installs5.0M
Rating—
Installs, year on year+63%
Last updatedJun 2026
View on Google Play ↗
Chinmay - Personal Loan App screenshot 1Chinmay - Personal Loan App screenshot 2Chinmay - Personal Loan App screenshot 3Chinmay - Personal Loan App screenshot 4Chinmay - Personal Loan App screenshot 5Chinmay - Personal Loan App screenshot 6
2

Lenditt: Personal Loan App

by Lenditt

Installs3.1M
Rating—
Installs, year on year+47%
Last updatedJun 2026
View on Google Play ↗
Lenditt: Personal Loan App screenshot 1Lenditt: Personal Loan App screenshot 2Lenditt: Personal Loan App screenshot 3Lenditt: Personal Loan App screenshot 4Lenditt: Personal Loan App screenshot 5Lenditt: Personal Loan App screenshot 6
3

Lendingkart: Business Loan App

by Lendingkart

Installs2.5M
Rating—
Installs, year on year+13%
Last updatedMar 2026
View on Google Play ↗
Lendingkart: Business Loan App screenshot 1Lendingkart: Business Loan App screenshot 2Lendingkart: Business Loan App screenshot 3Lendingkart: Business Loan App screenshot 4Lendingkart: Business Loan App screenshot 5Lendingkart: Business Loan App screenshot 6
5

Liquify

by Liquify

Installs78K
Rating—
Last updatedMay 2026
View on Google Play ↗
Liquify screenshot 1Liquify screenshot 2Liquify screenshot 3Liquify screenshot 4Liquify screenshot 5Liquify screenshot 6
6

ClickPe

by DailyPe

Installs43K
Rating—
Last updatedJun 2026
View on Google Play ↗
ClickPe screenshot 1ClickPe screenshot 2ClickPe screenshot 3ClickPe screenshot 4ClickPe screenshot 5ClickPe screenshot 6
8

Egniol

by Egniol

Installs5K
Rating—
Last updatedApr 2025
View on Google Play ↗
Egniol screenshot 1Egniol screenshot 2Egniol screenshot 3Egniol screenshot 4Egniol screenshot 5Egniol screenshot 6
9

Credin Partner

by CredIn

Installs2K
Rating—
Last updatedMar 2026
View on Google Play ↗
Credin Partner screenshot 1Credin Partner screenshot 2Credin Partner screenshot 3Credin Partner screenshot 4Credin Partner screenshot 5Credin Partner screenshot 6
10

RupeeFin

by RupeeFin

Installs1K
Rating—
Last updatedMay 2026
View on Google Play ↗
RupeeFin screenshot 1RupeeFin screenshot 2RupeeFin screenshot 3
The business behind the activity

Alternative lending financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 16 alternative lending companies in Gujarat for FY24-25 — 20 of the 67 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 91% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹196.53 cr

16 companies filing accounts

combined net profit−₹154.99 cr

-78.9% aggregate margin

are profitable62%

10 of 16 companies

median revenue~₹2.0 cr

the typical company

median revenue growth+38%

into FY24-25

earned by the top five91%

revenue concentration

Six-year view

Combined revenue of filing companies

₹21.72 crFY19-209 filers
₹22.31 crFY20-2112 filers
₹37.08 crFY21-2215 filers
₹165.96 crFY22-2317 filers
₹283.58 crFY23-2416 filers
₹196.53 crFY24-2516 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 13 companies over three years

+36%
FY22-23₹142.25 cr₹17.87 cr net
FY23-24₹231.13 cr−₹51.87 cr net
FY24-25₹193.16 cr−₹153.59 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr450% profitable
₹1–10 cr862% profitable
₹10–100 cr475% profitable
₹100–1,000 cr0—
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking4
0–20%2
20–50%2
50–100%2
Doubled+4

14 companies with accounts for both years; median growth +38%.

Profitability

Profit is concentrated at the top

10profitable
6loss-making
-78.9%aggregate margin
2.3%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Chinmay FinleaseCHINMAY FINLEASE LIMITED+35%₹78.75 cr
LendittLENDITT INNOVATIONS & TECHNOLOGIES PRIVATE LIMITED+4%₹11.52 cr
IBL FinanceIBL FINANCE LIMITED-8%₹13.06 cr
LendingkartLENDINGKART TECHNOLOGIES PRIVATE LIMITED-47%₹70.59 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
IBL FinanceIBL FINANCE LIMITED18.0%₹13.06 cr
Chinmay FinleaseCHINMAY FINLEASE LIMITED10.1%₹78.75 cr
LendittLENDITT INNOVATIONS & TECHNOLOGIES PRIVATE LIMITED2.7%₹11.52 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Alternative lending11₹188.61 cr~₹2.6 cr64%-81.6%
Leaders

Largest alternative lending companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Chinmay FinleaseCHINMAY FINLEASE LIMITED₹78.75 cr₹7.95 cr10.1%+35%
LendingkartLENDINGKART TECHNOLOGIES PRIVATE LIMITED₹70.59 cr−₹164.01 cr-232.3%-47%
IBL FinanceIBL FINANCE LIMITED₹13.06 cr₹2.36 cr18.0%-8%
LendittLENDITT INNOVATIONS & TECHNOLOGIES PRIVATE LIMITED₹11.52 cr₹31.27 lakh2.7%+4%
Nowof LoanNOWOFLN SERVICE INDIA PRIVATE LIMITED₹5.37 cr₹4.74 lakh0.9%+100%
tmfinanceTRIPOLI MANAGEMENT PVT LTD₹3.70 cr₹32.01 lakh8.7%-30%
CredInUPKRAM TECHNOLOGIES PRIVATE LIMITED₹2.56 cr−₹40.42 lakh-15.8%+79%
FinportalFINPORTAL INVESTMENTS PRIVATE LIMITED₹2.18 cr₹7.07 lakh3.3%+270%
PJ Credit CapitalPJ CREDIT CAPITAL PRIVATE LIMITED₹1.85 cr₹3.67 lakh2.0%+190%
eKisanCredit24X7 MONEYWORKS CONSULTING PRIVATE LIMITED₹1.63 cr−₹39.94 lakh-24.4%-11%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Alternative lending funding and M&A across India

1,438 recorded equity rounds have gone to 2,076 alternative lending companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months40

US$572.85m

equity rounds, last 24 months129

US$1.38bn

raised over five yearsUS$7.41bn

726 rounds in India

M&A deals, India45

last 24 months

Capital by year

Equity funding into alternative lending in India

amount rounds
$712m2018130
$1.2bn2019168
$1.0bn2020117
$2.0bn2021173
$1.9bn2022186
$890m2023124
$1.5bn2024130
$706m202585
$478m202628

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.97bn across 173 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$23.03m85 rounds · median US$163k
SeedUS$442.63m310 rounds · median US$747k
Series AUS$1.35bn138 rounds · median US$5.00m
Series BUS$1.42bn86 rounds · median US$10.20m
Series CUS$1.35bn41 rounds · median US$29.45m
Series D+US$2.82bn66 rounds · median US$20.12m
Where the money went · five years

Most-funded sub-sectors

Alternative lendingUS$4.87bn515 rounds · 228 companies
PaymentsUS$508.12m12 rounds · 4 companies
Consumer and sme loansUS$302.52m21 rounds · 9 companies
E-commerce enablersUS$241.31m5 rounds · 1 companies
Insurance itUS$233.97m10 rounds · 3 companies
Banking techUS$191.31m31 rounds · 13 companies
Horizontal e-commerceUS$177.00m13 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

37Acquisition
8Merger

Most active acquirers

  1. Veefin solutions7
  2. Experian6
  3. Perfios5
  4. Jio financial services4
  5. InCred Finance4

Most acquired or merged

  1. M1xchange3
  2. Lendingkart2
  3. Faarms2
  4. White Rivers Media Solutions2
  5. State bank of india2

Each deal appears in the events strip at the top of the page.

Alternative lending funding in Gujarat

6 alternative lending companies in Gujarat have recorded equity funding, US$286.77m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind alternative lending companies in Gujarat. 31 of 67 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring alternative lending in India and nearby markets.

Coming soon