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KAVACH FINANCIAL SERVICES PRIVATE LIMITED

FREED

U67100HR2020PTC086409

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₹1,999.00 ₹3,998.00
Suggest Edit Last updated: Jan 17, 2025
Key Metrics
  • No. of Employees114
  • Founded Year 2020
  • Company StagePrivate Limited Company
  • Total Funding₹83.76 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About FREED

Founded by Ritesh Srivastava, FREED offers personalized budgeting, spend analytics, repayment simulations, debt payoff strategies and credit education.


Since its launch in August 2020, the startup claims to have enrolled over 6,500 consumers with over Rs 350 crore in retail debt and settled over a thousand accounts with creditors, offering debt reduction to consumers and resolution of bad debt for creditors.

Business Model

Consumer budgeting platform FREED focuses on outstanding unsecured personal loans and retail credit card repayments. It offers personalized budgeting, spend analytics, repayment simulations using artificial intelligence technology, debt payoff strategies, and credit education.

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FREED Funding Details
Funding Highlights
Latest Funding RoundSeries A
Total Funding Raised₹83.76 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors1
Investors
  • Inflection Point Ventures
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
FREED Financial Details
Financial Highlights
FY 2023-24 Revenue₹8.42 Cr
FY 2023-24 Expenses₹14.37 Cr
FY 2023-24 Profit/Loss-₹4.54 Cr
Net Cash Flow From Operations₹52.98 Lakh
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
FREED Key People
People Metrics
Current Core Team1
Board Members/Directors2

Core Team

RS
Ritesh SrivastavaFounder & CEO

Board Members/Directors

RS
Ritesh SrivastavaDirector
RS
Ruchi SrivastavaDirector
FREED Documents

AY - 2020-21

Profit and Loss statement - FREED - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of FREED for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - FREED - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of FREED for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and Loss statement - FREED - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of FREED for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - FREED - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of FREED for FY 2021-22.
₹249.00 ₹498.00

AY - 2022-23

Profit and Loss statement - FREED - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of FREED for FY 2022-23.
₹249.00 ₹498.00
Balance Sheet - FREED - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of FREED for FY 2022-23.
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - FREED - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of FREED for FY 2023-24
₹249.00 ₹498.00
Balance sheet - FREED - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of FREED for FY 2023-24
₹249.00 ₹498.00

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