Last Fibe valuation
$48M
Series B · Jan 2018
Last Fibe funding round
$35M
Series F · Dec 2025
Cumulative funding Fibe raised
$189M
across 8 funding rounds
Key investors in Fibe
Chiratae Ventures
Eight Roads Ventures
Norwest
TPG
Trifecta Capital
TR Capital
About Fibe
Fibe is a Bengaluru-based digital lending platform targeting young professionals in India. It disburses personal loans up to INR 5 lakh through its mobile app, using alternative data for credit assessment. Since 2019, the NBFC has served millions of users with instant approvals and EMI options for consumer needs.
Founded
2015
HQ
PuneWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$48M (Jan 2018)
Fibe Valuation
Fibe is currently valued at $48M, based on its Series B in January 2018.
The $16M round was led by Eight Roads Ventures, with participation from Ashok Agarwal, Dewan Housing Finance and Chiratae Ventures.
Fibe valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2018 | Series B | $48M |
Fibe Funding History
Fibe has raised a total of $189M across 8 funding rounds, plus 1 secondary share sale.
Fibe's first fundraising round was a $2M seed round in November 2015. The most recent completed round was a $35M Series F in December 2025.
Fibe funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Series F | International Finance Corporation (lead) | $35M | - | Fibe, a Pune-based digital lending fintech founded in 2015, raised $35 million in equity from the International Finance Corporation (IFC), a member of the World Bank Group, in its Series F funding round announced around December 10, 2025. The investment, led by IFC, aims to strengthen Fibe's balance sheet and support measured growth in lending businesses, particularly for medical, education, and other essential needs. Fibe offers a range of products including personal loans, long-term loans, loans against mutual funds, digital fixed deposits, and sector-focused impact loans in healthcare, education, and solar rooftop installations. It serves underserved middle-income families and young, tech-savvy individuals with digitally-enabled credit solutions, having facilitated over 9 million loans and expanded to more than 940 cities across India with over 8,500 partner centers and 50+ channel partners. The company has raised a total of over $266 million in equity funding to date from investors including TPG’s The Rise Fund, Norwest Venture Partners, Eight Roads Ventures, TR Capital, Piramal Finance Limited, and Chiratae Ventures. Fibe's MD and group CEO Akshay Mehrotra highlighted the investment as a milestone for making impact-led financial solutions accessible, emphasizing a diversified lending partner base, resilient risk engine, credible credit ratings, and a strong distribution network. |
| Jun 2024 | Series E | Amara Partners (lead); TPG (lead); TR Capital (lead); Trifecta Capital (lead); Norwest; Eight Roads Ventures; Kabira holdings; Chiratae Ventures | $24M | - | Fibe, a Pune-based fintech lender formerly known as EarlySalary, provides personal loans, long-term loans, loans against mutual funds and fixed deposits, and impact-focused credit for healthcare, education, and solar installations. Founded in 2015 by Akshay Mehrotra and Ashish Goyal, it operates in over 940 cities, disbursing loans through more than 8,500 partner centers and 50 channel partners, with cumulative disbursals exceeding Rs 40,000 crore across 9 million loans. It competes with KreditBee, MoneyTap, PaySense, CASHe, and NIRA in India's consumer lending market. Later funding includes a $35 million Series F in December 2024/early 2025 led by IFC, following a $90 million Series E in June 2024 and $110 million Series D in August 2022, bringing total equity raised to over $266 million including secondaries. Its lending arm EarlySalary also secured INR 250 crore (~$26.5 million) in non-convertible debentures. Fibe reported FY25 revenue from operations of Rs 1,228 crore, up 49% from Rs 824 crore in FY24, with profit rising 13% to Rs 114 crore from Rs 101 crore. Total expenses increased 58% to Rs 1,112 crore, including employee benefits of Rs 111 crore (up 34%). Q2 FY25 (ending September 2024) saw 29% revenue growth. The funds from recent rounds support product expansion in borrowing, saving, investing, payments, and responsible lending. |
| Jun 2024 | Secondary | Amara Partners (lead); TR Capital (lead); Trifecta Capital (lead); Norwest; TPG; Eight Roads Ventures; Chiratae Ventures | $24M | - | Fibe, founded in 2015 as EarlySalary by Akshay Mehrotra and Ashish Goyal, is an Indian fintech leader in consumer lending targeting young, middle-income groups with products like personal loans, impact loans for healthcare, education, and insurance, buy-now-pay-later plans, and India's first numberless co-branded credit card. On June 6, 2024, Fibe raised $90 million in its Series E funding round led by TR Capital, Trifecta Capital, and Amara Partners, with participation from existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures, and Chiratae Ventures. The round comprised $66 million in primary capital and $24 million in secondary transactions for share purchases. Funds will strengthen existing product lines, expand business and market outreach, and develop tailor-made impact lending products. Fibe has disbursed over 6 million loans worth more than Rs. 20,000 crore, expanded from 18 to 350 cities, and secured debt lines from PSUs, private banks, NBFCs, and NDCs. The company emphasizes lending technology, risk management for lower credit costs, and holds ISO/IEC 27001 certification plus awards like G20 Digital Innovation Alliance for Best Fintech Startup. |
| Aug 2022 | Series D | Norwest (lead); TPG (lead); Piramal Capital & Housing Finance | $98M | - | Fibe is a Pune-based consumer lending fintech founded in 2015 by Akshay Mehrotra and Ashish Goyal that offers personal loans, long-term loans, loans against mutual funds, digital fixed deposits, and credit products in healthcare, education, and renewable energy. The company operates across more than 940 cities through a network of over 8,500 partner centers and 50 channel partners, having disbursed over 9 million loans. In August 2022, Fibe raised $110 million in its Series D funding round. This fundraise was followed by a $90 million Series E round in June 2024 and a $35 million Series F round in December 2025 led by the International Finance Corporation, bringing total equity raised to over $266 million including secondary transactions. By FY25 (ending March 2025), Fibe had achieved significant growth with operating revenue of Rs 1,228 crore, a 49% increase from Rs 824 crore in FY24, and profit of Rs 114 crore, up 13% from Rs 101 crore in the prior year. The company competes in India's consumer lending space with players including KreditBee, MoneyTap, PaySense, CASHe, and NIRA, while maintaining focus on responsible lending and positive socioeconomic impact. |
| Oct 2020 | Series C | Chiratae Ventures (lead); Eight Roads Ventures (lead) | $10M | - | - |
| May 2019 | Series B | Chiratae Ventures (lead) | $1M | - | - |
| Jan 2018 | Series B | Eight Roads Ventures (lead); Ashok Agarwal; Dewan Housing Finance; Chiratae Ventures | $16M | $48M | Fibe (formerly EarlySalary) is an Indian fintech company founded in 2015 by Akshay Mehrotra and Ashish Goyal, specializing in consumer lending with personal loans and impact loans for healthcare, edtech, insurance, school fees, and more. The company focuses on lending technology and risk management to offer lower credit costs. Eight Roads Ventures participated as a key investor in Fibe's early rounds around this period, alongside others like Chiratae Ventures. Fibe has since grown significantly, expanding from 18 to 350 cities and disbursing over 6 million loans worth more than ₹20,000 crores since inception, though these figures reflect later performance. |
| May 2017 | Series A | Chiratae Ventures (lead); Dewan Housing Finance (lead) | $4M | - | - |
| Nov 2015 | Seed | Ashok Agarwal | $2M | - | - |
Who has invested in Fibe?
12 investors have backed Fibe across its funding rounds, including Chiratae Ventures, Eight Roads Ventures, Norwest, TPG, Trifecta Capital and TR Capital.
Lead investors include International Finance Corporation, Amara Partners, TPG, TR Capital, Trifecta Capital and 4 other investors.
Fibe Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Bangalore | 6 | Lead | May 2017 | |
 London | 4 | Lead | Jan 2018 | |
 San Francisco, CA | 3 | Lead | Aug 2022 | |
| San Francisco, CA | 3 | Lead | Aug 2022 | |
 Hong Kong | 2 | Lead | Jun 2024 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Ashok Agarwal | -- | 2 | Participant | Nov 2015 |
| San Francisco, CA | 2 | Lead | Jun 2024 | |
| Mumbai | 2 | Lead | Jun 2024 | |
| Mumbai | 2 | Lead | May 2017 | |
| Mumbai | 1 | Participant | Aug 2022 | |
This data is available for Pro users. Sign up to see all 12 Fibe investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Fibe
Fibe has acquired 1 company to date.
Last acquisition by Fibe was on May 22nd 2018. Fibe acquired CashCare for undisclosed valuation.
Latest Acquisitions by Fibe
| Description | CashCare is a New Delhi-based financing platform partnering with lenders for transparent auto and personal loans in India. It provides upfront pricing without hidden fees, matching borrowers to banks like HDFC and ICICI via app-based applications. Launched in 2018, it focuses on used vehicle financing across Mumbai and Bangalore with digital documentation. |
| HQ Country | |
| HQ City | Mumbai |
| Deal Date | 22 May 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Fibe acquisitions and their M&A valuation multiples. Start Free Trial | |
Fibe Competitors
Fibe competitors include listed companies like Credit Clear, Vroom and Beforepay, and private ones like Lendit, auxmoney and RevFin.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Australia | Publicly listed | $43M | $7M | $47M | 0.7x | |
 Seoul | Private | - | - | $45M | - | |
| United States | Publicly listed | $7M | ($169M) | $53M | - | |
| Australia | Publicly listed | $36M | $10M | $53M | 1.8x | |
 Düsseldorf | Private | - | - | $55M | - | |
| Delhi | Private | $4M | - | $40M | 10.0x |
Fibe Public Comps
Fibe is still privately-owned, but its public comps include Credit Clear, Vroom, Harmoney Corp, Beforepay, LendInvest, Dolla Financial Services, MoneyMe, Wisr, Niyogin Fintech and Veefin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $43M | $7M | 0.7x | 0.7x | 4.8x | 4.0x | |||
| $7M | ($169M) | 120.9x | - | (5.0x) | - | |||
| $117M | $44M | 6.6x | 7.5x | 17.7x | 65.5x | |||
| $36M | $10M | 2.1x | 1.8x | 7.5x | 6.1x | |||
| $139M | $47M | 9.2x | 20.9x | 27.1x | - | |||
| - | - | - | - | - | - | |||
| $149M | $87M | 9.9x | 8.8x | 16.8x | (95.1x) | |||
| $76M | $44M | 10.4x | 9.7x | 18.0x | 137.7x | |||
This data is available for Pro users. Sign up to see all Fibe competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fibe
| When was Fibe founded? | Fibe was founded in 2015. |
| Where is Fibe headquartered? | Fibe is headquartered in Pune, India. |
| Is Fibe publicly listed? | No, Fibe is a private, VC-backed company. |
| What is Fibe's valuation? | Fibe was last valued at $48M in its Series B in January 2018. |
| How much funding has Fibe raised? | Fibe has raised $189M across 8 funding rounds. |
| What was Fibe's last funding round? | Fibe's last funding round was a $35M Series F in December 2025, led by International Finance Corporation. |
| Who are Fibe's investors? | Fibe's investors include Chiratae Ventures, Eight Roads Ventures, Norwest, TPG, TR Capital, Ashok Agarwal, Trifecta Capital, Amara Partners, Dewan Housing Finance, Piramal Capital & Housing Finance and 2 others. |
| Which companies are comparable to Fibe? | Companies comparable to Fibe include Credit Clear, Lendit, Vroom, Beforepay, auxmoney and RevFin. |
| How many companies has Fibe acquired? | Fibe has acquired 1 company, including CashCare. |
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