The spherical additionally noticed participation from present buyers Sorin Investments, Piper Serica and Sattva Ventures.
February 27, 2026: Aavishkaar Capital, the funding arm of Aavishkaar Group, has led the INR 60 Crore (USD 6.6 Mn) funding in FREED, India’s first technology-driven debt aid platform, with participation from present buyers, Sanjay Nayar led Sorin Investments, Piper Serica and Sattva Ventures.
Debt aid is a mature $50 billion trade throughout the US and superior western markets. As unsecured retail lending scales quickly and family leverage rises in India, FREED is constructing this class at a defining inflection level. With client credit score penetration deepening, structured and compliant debt decision is now not optionally available, it’s turning into important monetary infrastructure.
Based in 2020, FREED has counselled over 20,00,000 clients, manages 120,000+ energetic accounts and has overseen INR 3,200+ Crore in debt beneath administration. The corporate is on observe to enroll near $1 billion in pressured debt over the following 18 months, reflecting sturdy product-market slot in a big and underpenetrated section.
FREED operates a technology-led, borrower-first mannequin constructed on behavioral insights, knowledge intelligence and money flow-based analysis. For people going through real monetary hardship, the platform permits monetary counselling, negotiated settlements and structured repayments by means of trustee-managed particular function accounts. For repayment-capable however pressured debtors, FREED assesses affordability and facilitates structured consolidation loans by means of a regulated lending-partner community.
The contemporary capital can be deployed to scale operations, develop geographic attain, strengthen product and underwriting capabilities, and deepen institutional partnerships. The Firm has been rising at a CMGR of ~19% within the final 12 months with enhancing unit economics.
Ritesh Srivastava, Founder and CEO of FREED, stated, “At FREED, our mission is to empower people trapped in cycles of debt to rebuild their monetary well being with dignity. This funding strengthens our capability to scale accountable debt aid options at a time when family indebtedness is rising sharply throughout the nation. We stay dedicated to creating clear, tech-led pathways that give customers an actual likelihood at monetary rehabilitation.”
Shashvat Rai, Associate at Aavishkaar Capital, added: “At Aavishkaar Capital, we imagine that strengthening monetary resilience is foundational to enhancing the lives of underserved households. FREED’s mission to assist people sort out indebtedness aligns deeply with our dedication to again options that create long-term socio-economic stability. By combining expertise, clear processes, and empathetic buyer engagement, FREED is addressing a quickly rising problem, of rising family debt throughout classes. Our funding displays our confidence in FREED’s capability to scale a accountable, customer-centric mannequin that restores dignity, reduces monetary stress, and permits individuals to rebuild their monetary futures.”
Subeer Monga, Associate at Sorin Investments stated, “Since our preliminary funding, we’ve seen FREED reveal sturdy traction and disciplined execution, reinforcing our conviction within the mannequin and the staff. As unsecured credit score scales and family leverage rises in India, the necessity for structured, compliant debt decision is turning into more and more clear. Our follow-on funding displays our perception that FREED is properly positioned to assist construct out this important layer of India’s monetary infrastructure.”
As India’s client credit score ecosystem matures, structured debt decision is poised to grow to be an integral part of monetary infrastructure. FREED is positioning itself on the forefront of this shift, constructing a scalable, compliant and technology-led platform designed to revive monetary stability on a scale.
About FREED
Based in August 2020, FREED, a DPIIT recognised Startup and Udyam licensed MSME, FREED is India’s first technology-driven, borrower-centric debt aid platform. Constructed on over 50 years of mixed founding staff expertise within the US debt aid trade, FREED helps over-leveraged customers resolve unsecured debt and regain monetary freedom, with the precise steerage and help at each step. Headquartered in Gurugram, FREED is a class creator pioneering debt aid in India. | www.freed.care
About Aavishkaar Capital
Aavishkaar Capital is an Affect fund supervisor targeted on the International South. A pioneer in taking an entrepreneurship-based strategy to scaling companies for influence, Aavishkaar Capital’s distinctive strategy has resulted in its invested enterprises impacting over 144 million lives. Aavishkaar Capital invests in excessive environmental and social influence sectors throughout India, Rising Asia, and Africa. Aligned to 13 out of the 17 Sustainable Growth Targets, Aavishkaar Capital has efficiently raised eight funds, whereas producing business returns with over c.$555 million in property beneath administration. | www.aavishkaarcapital.in
Elevate your perspective with NextTech Information, the place innovation meets perception.
Uncover the most recent breakthroughs, get unique updates, and join with a world community of future-focused thinkers.
Unlock tomorrow’s developments immediately: learn extra, subscribe to our publication, and grow to be a part of the NextTech group at NextTech-news.com
