Freed raises Rs 60 crore led by Aavishkaar Capital
27 Feb 2026, 11:44 AMExisting investors Sorin Investments, Piper Serica and Sattva Ventures participated in the funding round.
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Debt relief platform Freed has secured Rs 60 crore in its extended Series A funding round led by Aavishkaar Capital, with participation from existing investors Sorin Investments, Piper Serica and Sattva Ventures.
The new funds will be used for scaling operations, expanding geographic reach, strengthening product and underwriting capabilities, and deepening institutional partnerships.
The Gurugram-based startup says it offers tailor-made debt relief solutions to customers who are in debt in the form of financial counselling, negotiated settlements and structured repayment plans.
It oversees Rs 3,200 crore in debt under management, and was founded in 2020 with the goal of helping over-leveraged consumers resolve unsecured debt and regain financial freedom.
"This investment strengthens our ability to scale responsible debt relief solutions at a time when household indebtedness is rising sharply across the country. We remain committed to creating transparent, tech-led pathways that give consumers a real chance at financial rehabilitation," said Ritesh Srivastava, founder and CEO of FREED.
The technology-led platform looks to enroll $1 billion in stressed debt over the next 18 months.
It had raised Series A funding of Rs 60 crore from led by Sorin Investments and Multiply Venture, with participation from Piper Serica Angel Fund in 2024.
Its first equity infusion came in the form of $2.8 million pre-series A capital in May 2022 from a bunch of angel investors and Multiply Ventures.
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