Onecard’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: One Card Solution Private Limited | CIN: U72900DL2001PTC112267
OneCard, co-founded by Anurag Sinha, Rupesh Kumar, Vibhav Kirit Hathi, Hari Velayudan, and Devang Shah, is a modern credit card platform targeting tech-savvy Indian consumers. Launched by FPL Technologies, OneCard offers a mobile-first experience with metal cards, customizable controls, and transparent fee structures. Its strong partnerships with major banks and robust fintech ecosystem have fueled rapid growth and wide adoption across tier-1 and tier-2 cities.
| Founding year | 2019 |
|---|---|
| Headquarters | Pune, India |
| Valuation | ~$1.4B (2023) |
| Total Funding | $325M |
| Annual Revenue | ₹850 Cr (FY24) |
| Annual Net Loss | ₹40 Cr (FY24) |
| EBITDA Margin | -12% |
| Employees | ~750 |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Series A | 2020 | $10M | Sequoia Capital India |
| Series B | 2021 | $76M | QED Investors, Matrix Partners |
| Series C | 2022 | $239M | Temasek, HDFC, others |
- Expansion into new cities and strengthening partnerships with top-tier banks.
- Launching more rewards and loyalty integrations for customers.
- Investing heavily in AI and data analytics to personalize credit offers.
- Preparing for potential IPO after achieving profitability and higher user base.
OneCard recently announced its partnership with multiple major banks to expand issuance and improve reach. The company also launched new app-based features, enhancing security and spending insights for cardholders.
| Metric | Detail |
|---|---|
| Revenue Growth | ▲ Revenue up to ₹850 Cr in FY24 |
| Profitability | ▼ Net loss reduced to ₹40 Cr |
| Funding | ▲ $325M raised across 3 rounds |
| Efficiency | ▲ EBITDA margin improved to -12% |
| Valuation | ▲ $1.4B as of 2023 |
OneCard’s innovative, mobile-first credit solutions position it strongly in India’s booming fintech landscape. With continuous improvements in technology, strong partnerships, and robust funding, OneCard is well on its way toward profitability and potential IPO success.
Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
- Company press releases & filings
- Inc42, YourStory, Economic Times
- Affluense.ai internal research
This report is generated for informational purposes only and does not constitute investment advice.