Total amount raised
$96M
Latest funding date
2026-03-30
Location
Indifi Technologies has successfully raised funds through seven different funding rounds, with the latest being a Series E round. The company leverages a technology platform to provide data-driven loans and connect small businesses with multiple lenders.
With a diverse range of loan products and a focus on quick disbursal, Indifi Technologies aims to empower small businesses across various industries. Keep reading to explore the intricacies of Indifi's fundraising journey and the investors backing this innovative platform.
Indifi Technologies has raised funding across multiple rounds backed by investors including ICICI Venture, British International Investment, CX Partners, Accel, Omidyar Network India, Flourish Ventures, and more. Keep reading to explore Indifi's fundraising journey.
Keep reading to explore Indifi Technologies' complete fundraising history.
What Is Indifi Technologies?
Indifi Technologies is an India-based digital lending platform that provides financing solutions to small and medium enterprises (SMEs/MSMEs). Founded in 2015 and headquartered in Gurugram, Indifi leverages technology and data analytics to assess creditworthiness and offer products such as business term loans, lines of credit, invoice discounting, and merchant cash advances to underserved small businesses across India.
How Much Funding Has Indifi Technologies Raised?
- Seed Round
- Amount Raised: Undisclosed (approximately USD 5,000,000 per press reports)
- Date: September 2015
- Lead Investors: Undisclosed
- Participants: Accel Partners, Elevar Equity, and angel investors including Pramod Bhasin (Genpact founder) and Rajan Anandan (Google India)
- Series B
- Amount Raised: USD 10,000,000
- Date: December 2016
- Lead Investors: Omidyar Network India
- Participants: Accel Partners, Elevar Equity
- Series C
- Amount Raised: USD 21,000,000
- Date: July 2019
- Lead Investors: British International Investment (CDC Group)
- Participants: Fair Finance Fund, Accel India, Elevar Equity, Omidyar Network, Flourish Ventures
- Debt Financing (IndusInd Bank)
- Amount Raised: USD 5,000,000 (approx. INR 35 crore)
- Date: March 2021
- Lead Investors: IndusInd Bank (with DFC guarantee)
- Series D
- Amount Raised: INR 140 crore equity (~USD 19,000,000) + INR 165 crore debt (~USD 22,000,000); total approx. USD 46,000,000
- Date: November 2021
- Lead Investors: CX Partners, OP Finnfund Global Impact Fund I
- Participants: British International Investment, Omidyar Network, Flourish Ventures, Elevar Equity, Accel; debt from Vivriti, Northern Arc, SIDBI
- Series E
- Amount Raised: USD 35,000,000 (INR 290 crore)
- Date: June 2023
- Lead Investors: ICICI Venture
- Participants: British International Investment, OP Finnfund Global Impact Fund I, Omidyar Network India, Flourish Ventures, CX Partners
- Debt Financing (BlackSoil)
- Amount Raised: INR 40 crore (~USD 4,200,000)
- Date: March 30, 2026
- Lead Investors: BlackSoil Capital
Total Amount Raised: At least $96M based on disclosed funding rounds (Seed ~$5M + Series B $10M + Series C $21M + Debt Mar-2021 $5M + Series D ~$46M + Series E $35M + Debt Mar-2026 ~$4.2M).
Key Investors
- ICICI Venture
- Details: Lead investor in the Series E round (June 2023, $35M). ICICI Venture is the private equity and venture capital arm of ICICI Bank, one of India's largest private-sector banks.
- British International Investment (formerly CDC Group)
- Details: UK's development finance institution. Lead investor in the Series C ($21M, 2019) contributing $15M, and a continuing participant through Series D and Series E rounds.
- CX Partners
- Details: Co-lead investor in the Series D (November 2021). CX Partners is a mid-market private equity firm focused on India.
- OP Finnfund Global Impact Fund I (Finnfund)
- Details: Co-lead investor in Series D (November 2021). Finnfund is a Finnish development finance company providing long-term capital for private projects in developing countries.
- Omidyar Network India
- Details: Lead investor in the Series B ($10M, December 2016) and continuing participant through Series E. Omidyar Network India is a philanthropic investment firm focused on social impact.
- Accel Partners
- Details: Early-stage investor since the 2015 Seed round, with continued participation through Series D. Accel is a global venture capital firm with a strong India presence.
- Flourish Ventures
- Details: Participant from Series C onwards. Flourish Ventures is a global fintech-focused venture fund backing inclusive financial services companies.
- BlackSoil Capital
- Details: Lead investor in the latest Debt Financing round (March 2026, INR 40 crore). BlackSoil is an alternative credit firm specializing in debt investments in growth-stage companies.
What's Next for Indifi Technologies?
With the latest debt funding from BlackSoil Capital in March 2026, Indifi Technologies is focused on expanding its SME lending capabilities and deepening access to credit for underserved small businesses across India. The company continues to leverage its data-driven, technology-first approach to bridge India's significant MSME credit gap and scale its digital lending platform.
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