Tide to Invest £500M in India, Create 800 Jobs by 2026

Tide, the UK’s leading business management platform, has announced a massive £500 million (₹6,000 crore) investment in India over the next five years, starting in 2026. This strategic move underscores India’s growing importance as a fintech powerhouse and marks one of the largest foreign investments in the country’s SME sector.

Tide’s India Investment: Key Details

Tide 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, with the company creating over 800 jobs in the next 12 months, taking the India employee count to 2,300.

Investment Breakdown

Delivering on Previous Commitments

Tide has already delivered on its original market entry commitment of investing £100 million made in June 2021, ahead of the five-year target. This early completion demonstrates the company’s confidence in the Indian market and its ability to execute ambitious expansion plans.

The company recently secured $120 million in strategic investment from TPG, a leading global alternative asset management firm, raising Tide’s valuation to $1.5 billion and marking a significant milestone in the company’s growth journey.

Job Creation Across Multiple Domains

These new jobs will be across areas including product development, software development, marketing, member support, and operations. The expansion will significantly boost India’s fintech employment landscape, creating opportunities for tech talent across various skill levels.

Tide already has more than 1,500 highly skilled employees in India, with most based in its offices across Delhi, Hyderabad, and Gurugram. The additional 800 positions represent a 53% increase in workforce, reflecting aggressive growth plans.

India: Tide’s Fastest-Growing Market

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, making India the largest market for the UK-based fintech platform.

Tide believes India is a substantial growth opportunity with 66 million micro, small, and medium enterprises (MSMEs) presenting a massive addressable market. This makes India one of the world’s largest SME ecosystems, offering immense potential for digital financial services.

Leadership Perspectives

Tide CEO Oliver Prill stated that India is the largest and one of the most exciting small and medium enterprise markets in the world and a key pillar of Tide’s global growth strategy, emphasizing the strength of India’s entrepreneurial ecosystem coupled with its world-class talent base.

Gurjodhpal Singh, CEO of Tide in India, noted that Indian SMEs are at an inflection point, growing, formalising, and adopting digital tools at pace. This new commitment will deepen product investment in India and accelerate localisation of solutions to meet the unique needs of small businesses in the country.

Strategic Significance

Following the investment announcement, Tide is doubling down on India as one of its growth engines, strengthening India’s role as a critical hub powering both domestic and international operations. This positions India not just as a market but as a strategic technology and innovation center for Tide’s global expansion.

The investment represents a vote of confidence in India’s digital transformation journey, particularly in the SME segment where financial technology adoption is accelerating rapidly. With regulatory support and increasing digital literacy, India’s fintech sector is poised for exponential growth.

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