British fintech platform Tide has announced a significant expansion in India, committing £500 million (Rs 6,000 crore) over the next five years, starting 2026. The investment aims to create over 800 new jobs within the next 12 months, strengthening Tide’s position as a leading business management platform for SMEs in India. This follows Tide’s earlier £100 million investment in 2021, which was successfully fulfilled ahead of schedule.

With this expansion, Tide’s India workforce will grow to 2,300 employees across product development, software engineering, marketing, member support, and operations. Currently employing over 1,500 people in Delhi, Hyderabad, and Gurugram, India has become the company’s largest global talent hub.

Dr. Oliver Prill, CEO of Tide, said, “India’s entrepreneurial ecosystem and world-class talent base offer immense opportunities for Tide to empower small businesses and strengthen UK-India fintech collaboration.”

Recently raising $120 million from TPG at a valuation of $1.5 billion, Tide is doubling down on India as a core growth engine. Gurjodhpal Singh, CEO of Tide India, added, “This new investment will accelerate product localisation and innovation to meet the unique needs of Indian SMEs.” Since its late 2022 launch, India has become Tide’s fastest-growing market, serving over 800,000 SMEs, nearly half of its 1.6 million global members.