IndiaFilings

IndiaFilings

IndiaFilings is India’s largest online business services platform, offering affordable company registration, tax filing, compliance and legal solutions to help entrepreneurs easily start and manage their businesses

Founded

2014

Headquarters

Chennai (India)

Status

Series A

Company Details

IndiaFilings is India’s largest online business services platform. The company operates in the legal, compliance and financial technology industry, serving entrepreneurs, startups, small businesses and professionals across India. Its core mission is to make entrepreneurship easier and more affordable by providing a simple, intuitive platform for setting up businesses and managing ongoing compliance.

Core Products & Services

  • Business Registration: Quick and affordable incorporation of private limited companies, LLPs, proprietorships and more.

  • Compliance & Regulatory Services: GST registration and filing, income tax returns, TDS filing and other statutory compliance services.

  • Accounting & Payroll: Cloud-based accounting and payroll solutions through its proprietary LEDGERS platform, launched in 2018.

  • Legal Documentation: Automated drafting of essential business documents (e.g., appointment letters, NDAs) via the iCFO platform.

  • Trademark & IP Services: Fast-track trademark registration (including a “30 minutes Trademark” service), copyright and patent filings.

  • Banking & Financial Products: Neo-banking services and credit facilitation through its EQL financial products.

  • Ongoing Support: Automated reminders and lifecycle support for compliance deadlines and document management.

Unique Value Proposition 

  • Technology-Driven Efficiency: Proprietary platforms (LEDGERS, iCFO) automate and simplify complex processes, reducing errors and turnaround time.

  • Affordability & Transparency: Standardized, upfront pricing with no hidden fees, making high-quality services accessible to businesses of all sizes.

  • Comprehensive Lifecycle Partner: Goes beyond incorporation to support businesses throughout their growth journey, offering over 200 services.

  • Customer-Centric Approach: Focus on simplicity, reliability and respect, with continuous feedback-driven improvements.

Business Model & Revenue Streams

  • Direct Sales: Charges service fees for company registration, compliance filings, accounting and legal documentation.

  • Subscription Revenue: Offers subscription plans for ongoing compliance, payroll and accounting services (e.g., LEDGERS platform).

  • Marketplace & Value-Added Services: Generates revenue from cross-selling financial products, insurance and banking solutions (via EQL).

  • Document Automation: Monetizes automated document drafting and lifecycle management through its iCFO platform.

Customer Segmentation

  • B2B: Startups, MSMEs and growing businesses seeking compliance and financial services.

  • B2C: Individual professionals and entrepreneurs needing registration and tax support.

  • Enterprise: Larger businesses requiring scalable compliance and payroll solutions.

Growth Strategy:

  • Market Expansion: Scaling reach across India’s Tier 2/3 cities and deepening penetration among MSMEs.

  • Product Innovation: Investing in technology upgrades, automation and new digital service offerings (e.g., neo-banking, EQL).

  • Partnerships: Collaborating with financial institutions and government agencies to broaden product suite and distribution.

  • Customer Retention: Leveraging lifecycle support, automated reminders and bundled services to increase customer stickiness.

Key People

Lionel Charles

Jasmine Kaur

Key Metrics

Total Equity Funding

$7.27 Million

No. of Funding Rounds

2

Latest Funding Round

$4.3 Million, Series A

as of January 17, 2022

Post Money Valuation

$27.3 Million

as of March 7, 2022

Funding Multiple

3.7

as of March 7, 2022

Investors

Nagananda

and 2 more

Employee Count

454

Similar Companies

CashBook

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
January 17, 2022 Series A$4.3 Million---Beenext, Udtara Ventures

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