# IIFL Finance

> IIFL Finance is a VC fund in Mumbai backing Financial Services and Software. See 61 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 61
- Last investment: Apr 2026
- Lead investor: 48%
- Last fund: Aug 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/iifl-finance
- X (Twitter): http://twitter.com/iifl_live
- Website: https://www.iifl.com/
- Facebook: http://www.facebook.com/IIFLGROUP

IIFL Finance is a VC fund in Mumbai focused on Financial Services and Software. IIFL Finance offers financial services such as home loans, small ticket-sized home loans, secured MSME Loans, and project loans. Their diversified business model includes credit and finance, wealth management, financial product distribution, asset management, capital market advisory, and investment banking.

## Contacts

5 contacts available for IIFL Finance. Shizune tracks 3 team members at IIFL Finance. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/iifl?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $200k–$5.5M |
| Series B | $2M–$30M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 8 | 13% |
| Software | 7 | 11% |
| E-Commerce | 7 | 11% |
| Information Technology | 7 | 11% |
| SaaS | 4 | 7% |

82 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 12 | 20% |
| Seed | 8 | 13% |
| Series B | 7 | 11% |
| Series A | 4 | 7% |
| Series C | 4 | 7% |

14 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 38 | 62% |
| United States | 1 | 2% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Gaurav Sharma | CTO | 0 | https://shizune.co/investors/profile/gaurav-sharma-08fc |
| Nirmal Jain | Founder and Chairman | 0 | https://shizune.co/investors/profile/nirmal-jain-c2af |
| Sankarson Banerjee | CIO | 0 | https://shizune.co/investors/profile/sankarson-banerjee |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| TraqCheck | TraqCheck has redefined the background verification industry, in order to enhance workplace credibility, fair hiring and nationwide safety. | $8M | Series A | Apr 14, 2026 |  |
| Knight FinTech | Knight FinTech specializes in financial technology for Banks and Financial Institutions in the area of Treasury and Credit. $3B in assets follow research insights from Knight FinTech platform, which empowers more than 40 institutional clients. Knight FinTech's Integrated Treasury Management Solution helps institutions in mission critical taskslike reducing risk, enhancing returns while managing various regulatory and compliance around treasury. Knight FinTech's Integrated Lending Management Solution supports end-to-end credit life cycle for Banks and NBFCs. | $23.6M | Series A | Jan 02, 2026 |  |
| Leegality | Leegality is a legal-technology company that provides a digital platform for preparing, signing, and managing electronic and legally compliant documents. It offers electronic signature and contract management tools that help businesses automate agreement workflows, collect signatures remotely, and maintain audit trails to support compliance andrecord-keeping requirements. The platform integrates with business systems via APIs and supports bulk signing, template libraries, and secure storage to streamline document-centric processes across functions such as sales, HR, finance, and procurement.Leegality’s services include identity verification, metadata tagging, and digital evidence preservation to enhance the reliability and traceability of executed documents. The company also provides tools for structured approvals, notifications, and status tracking to give teams visibility into contract progress and signatures. Its technology is used by enterprises, small and medium-sized businesses, and legal teams that require digital document execution and lifecycle management in regulated environments. | $2.3M | Secondary Market | Dec 19, 2025 |  |
| Finfactor Technologies Private Limited | Finfactor is a leading B2B fintech infrastructure company that builds AI-driven solutions for lending, insurance, and wealth management. Its solutions cover the full data lifecycle—from data aggregation, insights and analytics, loan origination, to post-disbursal monitoring. With a focus on innovation and scalability, Finfactor enables BFSIinstitutions to reliably make data-driven and smarter decisions. | $15M | Series A | Dec 01, 2025 |  |
| Fundamento | Fundamento is an AI company that provides a voice-agent platform for enterprise contact centers within the financial services sector. Its solution automates borrower or customer engagements across the lending lifecycle—covering functions such as loan discovery, servicing, collections, and upselling. The platform supports multilingual conversation(30+ languages), integrates with existing enterprise systems (CRMs, loan management systems, enterprise dialers) and offers deployment options ranging from private cloud to on-premises to maintain compliance. | $1.9M | Seed | Oct 17, 2025 |  |
| GrayQuest | GrayQuest Education Finance Pvt. Ltd provides Parents and Students with the most convenient and easiest option to pay fees to their Institute. | $9.3M | Series B | Jan 10, 2025 |  |
| GrayQuest | GrayQuest Education Finance Pvt. Ltd provides Parents and Students with the most convenient and easiest option to pay fees to their Institute. | $6.3M | Series B | Sep 20, 2024 |  |
| Finarkein Analytics | Finarkein Analytics offers no-code workflow orchestration and data analytics platform for digital platforms. | $4.8M | Seed | Aug 27, 2024 |  |
| Vitra.ai | Vitra.ai save people time and money by making content creation and translation seamless with one click. |  | Venture - Series Unknown | Jul 30, 2024 |  |
| Riskcovry | Riskcovry is an "Insurance-in-a-box” model offers a one-stop-shop platform to cater to any business's digital insurance needs. | $4.5M | Convertible Note | Jan 08, 2024 |  |

10 of 61 investments shown.

## Co-investors
- [3one4 Capital](https://shizune.co/investors/profile/3one4) — VC Fund, 8 deals together
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 5 deals together
- [Capital 2B](https://shizune.co/investors/profile/capital-2b) — VC Fund, 4 deals together
- [IIFL Wealth Management](https://shizune.co/investors/profile/iifl-wealth-asset-management) — VC Fund, 4 deals together
- [Iron Pillar](https://shizune.co/investors/profile/ironpillar) — VC Fund, 4 deals together
- [IvyCap Ventures](https://shizune.co/investors/profile/ivycap-ventures) — VC Fund, 4 deals together

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## FAQ

### What does IIFL Finance invest in?

IIFL Finance invests primarily in Financial Services, Software and E-Commerce startups, most often at Funding Round and Seed stage. Most of the 61 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is IIFL Finance's check size?

IIFL Finance typically joins rounds of $200k–$5.5M at Seed and $2M–$30M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds IIFL Finance participates in.

### How do I contact IIFL Finance?

Public channels for IIFL Finance include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at IIFL Finance?

The team at IIFL Finance includes Gaurav Sharma (CTO), Nirmal Jain (Founder and Chairman) and Sankarson Banerjee (CIO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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