Debt relief platform FREED has raised Rs 60 crore in a Series A2 funding round led by Aavishkaar Capital, with participation from existing investors Sorin Investments, Piper Serica and Sattva Ventures.
Founded in 2020 by Ritesh Srivastava, FREED helps over-leveraged consumers resolve unsecured debt and regain financial freedom, with the right guidance and support at every step.
The Gurugram-based startup claims to have counselled over 20,00,000 customers and currently manages 120,000+ active accounts and has overseen Rs 3,200+ crore in debt under management.
It is on track to enrol close to $1 billion in stressed debt over the next 18 months. FREED operates a technology-led, borrower-first model built on behavioural insights, data…