Current Estimated Valuation
₹220 Crores
Mark-to-Market — January 2025
ARR ₹5.04 Cr × 44x multiple | Pending third-party validation
◑ Self-reported estimate
Series A post-money
₹165 Cr
↑ +33% since Series A
₹120 Cr
Series A Pre-money
✓ Verified
₹165 Cr
Series A Post-money
✓ Verified
43x
ARR Multiple (Series A)
↑ Above sector median
44x
Current Est. Multiple
◑ Self-reported
Pre-money Valuation Growth
₹5 Crores → ₹220 Crores (44x in 4 years)
₹5 Cr
Angel (2021)
₹12 Cr
Pre-seed (2021)
₹28 Cr
Seed (2022)
₹120 Cr
Series A (2024)
₹220 Cr
MtM (2025)
* Jan 2025 mark-to-market is self-reported estimate, not a third-party-validated round valuation.
Valuation History
Round Date Pre-money Post-money ARR at Time ARR Multiple Methodology Third-party Verification
Angel Round Mar 2021 ₹5 Cr ₹6.2 Cr Pre-revenue Comparable Self 📄 Doc-backed
Pre-seed Sep 2021 ₹12 Cr ₹15.5 Cr ₹0.30 Cr 40x Revenue Multiple Self ✓ Verified
Seed Round Jun 2022 ₹28 Cr ₹36 Cr ₹1.20 Cr 23x ARR Multiple ✓ Yes ✓ Verified
Series A Jan 2024 ₹120 Cr ₹165 Cr ₹2.80 Cr 43x ARR Multiple (23x) ✓ Yes ✓ Verified
Mark-to-Market (Jan 2025) Jan 2025 ₹220 Cr ₹5.04 Cr 44x ARR Multiple (44x) Self ◑ Self-reported
Industry Benchmark
B2B FinTech SaaS — ARR Multiple Benchmarks (2024)
Stage Growth (Series A)
Sector Median 18 – 25x
Top Quartile 30 – 45x
FinPilot @ Series A 43x ✓ Within sector range
ARR Multiple Scale — B2B FinTech SaaS
FinPilot
0x10x20x30x45x+
Below median
Median range
Top quartile
Third-party Valuation Reports
Required for FEMA compliance under FDI rules
Round Valuer Registration Report Date Pre-money Certified FEMA Required Document
Seed Round ABC Valuers LLP IBBI Registered Valuer (RV-2019-KA-00123) May 10, 2022 ₹28 Crores ✓ Yes View Report
Series A XYZ Valuers Pvt. Ltd. DIPP Registered Valuer (RV-2021-MH-00456) Dec 28, 2023 ₹120 Crores ✓ Yes View Report