Tide to invest ₹6,000 crore in India, create 800 new jobs over five years

UK fintech Tide will invest 500 million euros (₹6,000 crore) in India over five years from 2026, creating 800 jobs as it deepens its commitment to the country's fast-growing SME sector

Tide, the UK’s leading business management platform, on Friday announced that it is deepening its long-term commitment to India with a £500 million (₹6,000 crore) investment over the next five years, starting 2026.

 

The company will create over 800 jobs in the next 12 months, taking the India employee count to 2,300.

 

Tide has already delivered on its original market entry commitment of investing £100 million made in June 2021, ahead of the five-year target.

 

These new jobs will be across areas, including product development, software development, marketing, member support and operations. Tide already has more than 1,500 highly skilled employees in India, with most based in its offices across Delhi, Hyderabad and Gurugram.

 

Tide recently secured $120 million in strategic investment from TPG, a leading global alternative asset management firm.

 

The investment has raised Tide’s valuation to $1.5 billion and marks a significant milestone in the company’s growth journey.

 

Following the investment announcement, Tide is doubling down on India as one of its growth engines. It is strengthening India’s role as a critical hub, powering both domestic and international operations. 

 

Tide chief executive officer (CEO) Oliver Prill said, “India is the largest and one of the most exciting small and medium enterprise (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.”

 

Since launching in late 2022, India has become Tide’s fastest-growing market, now serving over 800,000 SMEs in just over 2.5 years. Indian SMEs represent the majority of Tide’s 1.6 million global member base. 

 

Tide believes India is a substantial growth opportunity with 66 million micro, small and medium enterprises (MSMEs).

 

Gurjodhpal Singh, CEO, Tide in India, said, “Indian SMEs are at an inflection point: growing, formalising and adopting digital tools at pace. This new commitment will deepen our product investment 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.”