New Delhi — Tide, the UK-based business management platform, on Friday announced a fresh investment of 500 million pounds (around ₹6,000 crore) in India over the next five years, beginning 2026.
The company said the move underlines its long-term commitment to India and strengthens the country’s role as a central hub for both domestic and global operations.
As part of its expansion, Tide will create more than 800 jobs in the next 12 months, raising its India headcount to nearly 2,300. The new roles will span product development, software engineering, marketing, member support, and operations. Currently, Tide employs over 1,500 people across offices in Delhi, Hyderabad, and Gurugram.
The announcement follows a recent $120 million strategic investment in Tide by global asset management firm TPG, which boosted the fintech’s valuation to $1.5 billion.
Since its launch in India just over two and a half years ago, the country has become Tide’s fastest-growing market, with more than 800,000 small and medium enterprises (SMEs) onboarded. Indian SMEs now form the majority of Tide’s 1.6 million global members.
Tide CEO Oliver Prill said India represents the largest and most dynamic SME market globally and remains a “key pillar” of the firm’s growth strategy. He added that India’s entrepreneurial ecosystem and skilled talent base create enormous opportunities for Tide to empower small businesses while advancing UK-India fintech collaboration.
The new investment comes after Tide met its earlier commitment of investing 100 million pounds in India, originally pledged in June 2021 for a five-year period but achieved ahead of schedule.
With inputs from IANS