BankBazaar.com Revenue, Valuation, Funding & Investors
BankBazaar.com is valued at $199M as of April 2025, a 7.4x multiple on its last reported $27M revenue.
Last BankBazaar.com valuation
$199M
Series D · Apr 2025
Last BankBazaar.com funding round
$6M
Series D · Apr 2025
BankBazaar.com revenue
$27M
Series D · Apr 2025
Key investors in BankBazaar.com
Peak XV Partners
Walden International
Amazon
Eight Roads Ventures
Experian Ventures
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Iype Isac
About BankBazaar.com
BankBazaar.com is a Chennai-headquartered online financial marketplace in India. It issues co-branded credit cards with banks like IDFC First and Axis, offers free credit score checks, and comparison tools for loans and insurance to 50 million registered users. Backed by investors including Amazon and Sequoia India, the platform operates from offices in Mumbai and Bengaluru.
Founded
2008
HQ
ChennaiWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$27M (Apr 2025)
Valuation
$199M (Apr 2025)
BankBazaar.com Valuation
BankBazaar.com is currently valued at $199M, based on its Series D in April 2025.
The $6M round included Walden International and Muthoot Fincorp Limited.
BankBazaar.com's valuation has moved from $300M at its Series D in October 2017 to $199M in April 2025, across 3 priced rounds.
BankBazaar.com valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2025 | Series D | $199M | 7.4x |
| Apr 2024 | Series D | $182M | 7.9x |
| Oct 2017 | Series D | $300M | - |
BankBazaar.com Revenue
BankBazaar.com's latest recorded revenue is $27M, as of its Series D in April 2025. At a $199M valuation, that implies a 7.4x revenue multiple.
Revenue grew from $23M in April 2024 to $27M in April 2025, while the revenue multiple moved from 7.9x to 7.4x.
BankBazaar.com revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2025 | $27M | $199M | 7.4x | Series D |
| Apr 2024 | $23M | $182M | 7.9x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
BankBazaar.com Funding History
BankBazaar.com has raised a total of $125M across 7 funding rounds.
BankBazaar.com's first fundraising round was a $13M Series B in January 2014. The most recent completed round was a $6M Series D in April 2025.
BankBazaar.com funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2025 | Series D | Walden International; Muthoot Fincorp Limited | $6M | $199M | BankBazaar.com is India's leading fintech platform specializing in co-branded credit card distribution and free credit score services, serving over 60 million active users. The company partners with leading commercial banks to distribute credit cards and provides tools for customers to monitor their credit health and make informed financial decisions. In fiscal year 2025 (April 2024 - March 2025), BankBazaar achieved audited operating revenue of Rs 254 crore, representing 35% growth from Rs 188 crore in FY24. The company's recurring revenue surged 62% year-over-year to Rs 210 crore, primarily driven by its co-branded credit card business, which saw a 35% increase in cards in force. BankBazaar achieved Adjusted EBITDA profitability of Rs 4 crore in FY25, marking a significant milestone in its path to sustainable operations, while reducing net losses to Rs 23 crore from Rs 26.5 crore. The company raised Rs 55 crore in its Series D2 equity round, bringing total equity funding to USD 122 million since inception, with participation from both internal and new investors including Muthoot FinCorp. The round will support BankBazaar's plans to expand partnerships with India's top private sector and small finance banks in FY26. |
| Apr 2024 | Series D | - | $10M | $182M | BankBazaar.com is a Chennai-based fintech platform operating as an online marketplace for financial products, including loan sourcing, co-branded credit cards, and now gold loans. It partners with banks like Yes Bank and recently Muthoot Fincorp to expand into secured lending. The company serves over 6 crore users and is backed by investors such as Peak XV Partners, Amazon, Eight Roads, Experian, and Walden International. In April 2024, BankBazaar raised INR 80 crore via private placement in its ongoing Series D round, followed by INR 55 crore from investors including Muthoot Fincorp (INR 15 crore) and Walden International, at a valuation of INR 1,700 crore. This extends the December 2023 raise, with the round remaining open for strategic partnerships. Total equity funding reached USD 116 million. Funds support capital requirements, expansion, and growth. For FY24, BankBazaar reported unaudited operating revenue of Rs 215 crore, with 62.5-63% growth in co-branded credit cards in force. It targets 46% annual revenue growth from FY22 to FY25 and EBITDA profitability by FY25. Strong bank partnerships, including a first with a foreign bank, drive its market position against competitors like Paisabazaar. |
| Apr 2020 | Series D | Amazon (lead); Walden SKT Venture Fund (lead); Ramesh Srinivasan; Eight Roads Ventures India; Murari Sridharan; Iype Isac; Peak XV Partners; General Unified Services Holdings | $4M | - | BankBazaar.com is a Chennai-based online financial marketplace connecting users to banks and financial products. In October 2020, it raised approximately INR 29 Cr ($3.8M) in an ongoing Series D round from Amazon, Walden SKT Venture Fund, Sequoia (Peak XV Partners), GUS Holdings, Eight Roads Investments, and executives including founders Adhil Shetty and Arjun Shetty, CTO Murari Sridharan, chief delivery officer Iype Isac, and CFO Ramesh Srinivasan. This tranche added to prior Series D funding of $30M raised in 2017 led by Experian, bringing total funding over $115M at that time. The funds aimed to accelerate contactless personal finance products and business expansion amid rising digital demand post-COVID-19. Pre-round, between October 2019 and February 2020, BankBazaar reported a 90% increase in monthly organic traffic, registered customer base over 40 million, 53% monthly revenue growth, and 15% cost reduction. It served over 2.3 Cr users with more than 50 banks onboard and was on track for EBITDA profitability in FY2020 ending March 2020. |
| Mar 2020 | Series D | Ramesh Srinivasan; Amazon; Arjun Shetty; Murari Sridharan; Experian; Walden International; SK Telecom Americas Innopartners; Experian Ventures; Iype Isac; Adhil Shetty; Eight Roads Ventures; Peak XV Partners | $2M | - | - |
| Oct 2017 | Series D | Experian Ventures (lead) | $30M | $300M | BankBazaar.com is an Indian financial marketplace founded in 2008 by Adhil Shetty, Arjun Shetty, and Rati Shetty, offering a one-stop online portal for comparing and applying for loans, credit cards, fixed deposits, insurance, and other financial products from over 75 banks and NBFCs. It emphasizes paperless digital access to financial services, with mobile apps, WhatsApp support, and a free credit score tracker powered by a partnership with Experian. The platform operates in India and has expanded internationally to Singapore, UAE, Mexico, and the Philippines. On October 17, 2017, BankBazaar raised $30 million in a Series D funding round led by Experian Ventures, bringing total funding to $110 million. Experian acquired a 10% stake, valuing the company at $300 million post-money. Previous investors include Amazon (which led the $60 million Series C in 2015), Sequoia Capital, Eight Roads (Fidelity Growth Partners), Walden International, and Mousse Partners. Funds were allocated to customer acquisition, marketing, expanding paperless products, and international growth, leveraging Experian's expertise in credit reporting to accelerate financial inclusion. Traction around the round included 50 million website visits in the July-September 2017 quarter and expectations of 20 million visits in October 2017, up from 15 million in July 2016 during the prior round. The company positioned itself to capitalize on rising e-commerce and digital finance adoption in India, aiming for 10x customer acquisition growth by 2020 through paperless technology. |
| Jul 2015 | Series C | Amazon (lead); Walden International; Mousse Partners; Eight Roads Ventures; Peak XV Partners | $60M | - | BankBazaar.com, founded in 2008, operates as an online financial marketplace in India where consumers compare and apply for loans, credit cards, fixed deposits, insurance, and other products from over 23 bank partners via its website and mobile apps. The company raised INR 375 crore ($60 million) in its Series C funding round on July 2, 2015, led by Amazon India, with participation from Fidelity Growth Partners, Mousse Partners, and existing investors Sequoia Capital and Walden International. This marked Amazon's second investment in an Indian firm after QwikCilver and positioned it as a minority stakeholder, leveraging synergies in the growing digital finance sector amid low credit card penetration. At the time, BankBazaar reported strong growth metrics, including four million unique monthly visitors, 40% of users accessing via mobile, and online loan applications for home, personal, and auto loans surging 90% year-over-year compared to 15% offline growth. The business had evolved since its prior $13 million Series B in January 2014 (led by Walden and Sequoia) and $6 million Series A in 2011, expanding from loans into deposits and insurance while reinvesting earnings into category growth. Research indicated 74% of internet users in India's top ten cities searched online for loan information by late 2014, up from 46% the prior year. Funding proceeds were allocated to technology integration, mobile app enhancements, hiring, marketing, branding, strengthening partner relationships, and launching new personal finance products to broaden its consumer base. BankBazaar positioned itself against the rapidly evolving online segment, with CEO Adhil Shetty emphasizing reinvestment for intelligent growth and Amazon's role in supporting its vision. |
| Jan 2014 | Series B | Peak XV Partners (lead); Walden International | $13M | - | BankBazaar.com is a financial services platform that helps consumers choose the right financial products for their needs. Peak XV Partners (formerly Sequoia Capital India & SEA) invested in the company as part of its portfolio, with the investment confirmed in 2014 during a period of significant growth in India's fintech sector. However, specific financial details for this funding round—including post-money valuation, revenue, EBITDA, and valuation multiples—are not available in the searched sources. |
Who has invested in BankBazaar.com?
17 investors have backed BankBazaar.com across its funding rounds, including Peak XV Partners, Walden International, Amazon, Eight Roads Ventures, Experian Ventures and Iype Isac.
Lead investors include Amazon, Walden SKT Venture Fund, Experian Ventures and Peak XV Partners.
BankBazaar.com Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 San Francisco, CA | 4 | Participant | Jan 2014 | |
| Bangalore | 4 | Lead | Jan 2014 | |
| Amazon | Seattle, WA | 3 | Lead | Jul 2015 |
| Ramesh Srinivasan | Chennai | 2 | Participant | Mar 2020 |
| Murari Sridharan | Chennai | 2 | Participant | Mar 2020 |
| San Francisco, CA | 2 | Lead | Oct 2017 | |
| Iype Isac | Chennai | 2 | Participant | Mar 2020 |
 London | 2 | Participant | Jul 2015 | |
| Arjun Shetty | Chennai | 1 | Participant | Mar 2020 |
| Bangalore | 1 | Participant | Apr 2020 | |
 Dublin | 1 | Participant | Mar 2020 | |
| San Francisco, CA | 1 | Participant | Mar 2020 | |
| Thiruvananthapuram | 1 | Participant | Apr 2025 | |
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Start Free TrialBankBazaar.com Competitors
BankBazaar.com competitors include listed companies like Directa Sim and 5paisa Capital, and private ones like Newton.co, Sahi, Tickertape and Coinsquare.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Toronto | Private | - | - | $200M | - | |
| Bangalore | Private | - | - | $200M | - | |
| Bangalore | Private | - | - | $200M | - | |
| Toronto | Private | $14M | - | $206M | 14.7x | |
 Italy | Publicly listed | $31M | $466K | $179M | - | |
| India | Publicly listed | $19M | ($5M) | $154M | - |
BankBazaar.com Public Comps
BankBazaar.com is still privately-owned, but its public comps include Directa Sim, 5paisa Capital, Multitude, COL Financial Group, Adventure, Temairazu, Vocento, Ateam Holdings, Sino and Bourse Direct.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $31M | $466K | 8.0x | - | 530.7x | - | |||
| $19M | ($5M) | 9.0x | - | (37.3x) | - | |||
| $277M | $33M | - | - | - | - | |||
| $19M | $11M | - | - | - | - | |||
| $19M | $4M | 14.4x | - | 79.1x | - | |||
| $14M | $10M | 6.0x | 5.4x | 8.1x | - | |||
| $385M | $28M | 0.6x | 0.6x | 7.9x | 10.8x | |||
| $154M | $15M | 0.6x | 0.6x | 6.3x | 13.0x | |||
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Common questions about BankBazaar.com
| When was BankBazaar.com founded? | BankBazaar.com was founded in 2008. |
| Where is BankBazaar.com headquartered? | BankBazaar.com is headquartered in Chennai, India. |
| Is BankBazaar.com publicly listed? | No, BankBazaar.com is a private, VC-backed company. |
| What is BankBazaar.com's valuation? | BankBazaar.com was last valued at $199M in its Series D in April 2025. |
| How much funding has BankBazaar.com raised? | BankBazaar.com has raised $125M across 7 funding rounds. |
| What was BankBazaar.com's last funding round? | BankBazaar.com's last funding round was a $6M Series D in April 2025. |
| Who are BankBazaar.com's investors? | BankBazaar.com's investors include Walden International, Peak XV Partners, Amazon, Ramesh Srinivasan, Murari Sridharan, Experian Ventures, Iype Isac, Eight Roads Ventures, Arjun Shetty, Eight Roads Ventures India and 7 others. |
| What is BankBazaar.com's revenue? | BankBazaar.com's latest recorded revenue is $27M (April 2025). |
| What is BankBazaar.com's revenue multiple? | BankBazaar.com's latest valuation implies a 7.4x revenue multiple ($199M valuation on $27M of revenue). |
| Which companies are comparable to BankBazaar.com? | Companies comparable to BankBazaar.com include Newton.co, Sahi, Tickertape, Coinsquare, Directa Sim and 5paisa Capital. |
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