Startup Profile
Slice
Legal entity: Garagepreneurs Internet Private Limited
A credit-first fintech that became a small finance bank in India.
Funding raised
—
Total disclosed
Latest valuation
₹12450.00 Cr
Most recent round
Latest revenue
₹283.00 Cr
FY FY22
Employees
—
FY FY22
Founders
- Rajan Bajaj
Founder and CEO of Slice. IIT Kharagpur alumnus who worked on the marketplace product team at Flipkart before founding Mesh Internet (2015) and then Slice (2016). Named to Forbes India 30 Under 30. Approved by the RBI as MD and CEO of Slice Small Finance Bank.
Funding rounds
- Series C2022-06-01₹415.00 CrLed by Tiger Global
- Series B2021-11-29₹1826.00 CrLed by Tiger Global and Insight Partners
- Equity (pre-Series B)2021-06-01₹166.00 Cr
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY22 | ₹283.00 Cr | (₹254.00 Cr) | — |
| FY23 | ₹847.00 Cr | (₹405.80 Cr) | — |
| FY24 | ₹251.40 Cr | (₹152.70 Cr) | — |
| FY25 | ₹603.70 Cr | (₹216.70 Cr) | — |
| H1 FY26 | — | +₹6.50 Cr | — |
The full story
Rich-text rendering of long_story is wired in the design pass.
Timeline
- 2025Bank renamed Slice Small Finance Bank; turns profitable in H1 FY26 — The merged bank was renamed Slice Small Finance Bank in February 2025 and posted a net profit of about 6.5 crore rupees in the first half of FY26.
- 2024-10-27Merger with North East Small Finance Bank completed — After CCI, RBI and NCLT approvals, Slice and NESFB completed their merger, creating a single tech-driven small finance bank.
- 2023-03Acquires stake in North East Small Finance Bank — Slice acquired a roughly 5 percent stake in Guwahati-based NESFB for about 3.42 million dollars, a precursor to the full merger.
- 2022-06-01Raises 50 million dollar Series C at up to 1.8 billion dollar valuation — Series C led by Tiger Global, with valuation reported in the 1.5 to 1.8 billion dollar range.
- 2021-11-29Raises 220 million dollar Series B and becomes a unicorn — Series B led by Tiger Global and Insight Partners valued Slice at over 1 billion dollars.
- 2016Slice founded by Rajan Bajaj — Bengaluru-based fintech founded to offer accessible credit and pay-later products to young, underserved Indian customers.
Data sources
- seed-list + Wikidata↗ · last fetched 2026-05-28
- Wikidata↗ · last fetched 2026-05-28
- Entrackr - Slice turns unicorn with $220 Mn Series B↗ · last fetched 2026-06-01
- Entrackr - Slice income grows 3X to Rs 847 Cr in FY23↗ · last fetched 2026-06-01
- Inc42 - Slice net loss rises to INR 405.8 Cr in FY23↗ · last fetched 2026-06-01
- Inc42 - Slice SFB turns profitable in H1 FY26 (FY24/FY25/H1 FY26 financials)↗ · last fetched 2026-06-01
- TechCrunch - Slice tops $1.5 billion valuation in Series C↗ · last fetched 2026-06-01
- PRNewswire - Slice and NESFB announce completion of merger↗ · last fetched 2026-06-01
- YourStory - The Turning Point: Slice founder Rajan Bajaj↗ · last fetched 2026-06-01