UK-based fintech company Tide has announced a significant investment of ₹6,000 crore (£500 million) in India over the next five years, starting in 2026. This move aims to bolster its presence in India’s rapidly growing small and medium enterprise (SME) sector.
With this new investment, Tide expands its original commitment of ₹1,000 crore (£100 million) made in June 2021, a target it achieved ahead of schedule. The company plans to create over 800 new jobs in India within the next 12 months, increasing its workforce to approximately 2,300 employees. These roles will span product development, software engineering, marketing, member support, and operations. Tide currently employs more than 1,500 people across its offices in Delhi, Hyderabad, and Gurugram.
India has become Tide’s fastest-growing market since its launch in late 2022, serving over 800,000 SMEs in just two and a half years. Indian SMEs now account for the majority of Tide’s 1.6 million global member base, making the country both a growth engine and an innovation hub for the company.
The announcement follows Tide’s recent $120 million strategic investment round led by TPG, a global alternative asset management firm. The funding lifted Tide’s valuation to $1.5 billion and marked a major milestone in its growth journey. Following the TPG investment, Tide is doubling down on India as one of its core growth engines, positioning the country as a key hub powering both domestic and international operations.
Oliver Prill, Chief Executive Officer of Tide, stated, “India is the largest and one of the most exciting SME markets in the world and a key pillar of Tide’s global growth strategy. We are proud to reaffirm our commitment to India with this new investment. The strength of India’s entrepreneurial ecosystem, coupled with its world-class talent base, presents immense opportunities for Tide to empower small businesses and deepen UK–India collaboration in fintech.”
Gurjodhpal Singh, Chief Executive Officer of Tide India, added, “Indian SMEs are at an inflection point: growing, formalising and adopting digital tools at pace. This new investment will deepen our product innovation in India and accelerate localisation of solutions to meet the unique needs of small businesses in the country. The exceptional talent base in India will be pivotal in strengthening innovation and delivering Tide’s global expansion strategy.”
This strategic investment underscores Tide’s commitment to supporting India’s SME sector and leveraging the country’s dynamic market to drive its global growth.
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