People · Financial Services
Xpedize cofounder Regan Mithani dies in Singapore
By Startup Enthusiast ·
- Date
- Company
- Xpedize
- What it does
- Supply chain finance tech startup
- Kind
- People
- Based in
- Gurugram
- Founded
- 2017
- Sector
- Financial Services
What they do
Xpedize is a Gurugram-based supply chain finance platform founded in 2017
What happened
Cofounder Regan Mithani died on March 29, 2026, during a family vacation in Singapore
Why it matters
Mithani previously served as a vice president at Clear after Xpedize was acquired in 2022
The details
- Regan Mithani, the cofounder of Xpedize, passed away on March 29, 2026.
- The death occurred in Singapore while he was on a family vacation.
- Mithani was 45 years old at the time of his death.
- He co-founded Xpedize alongside Deepak Gugnani.
- Mithani had previously held leadership roles at Citibank India.
- After Xpedize's acquisition, he joined Clear as a vice president.
- He later transitioned from Clear to re-establish Xpedize independently.
- His personal passions included cricket, sports science, and brand building.
The bigger picture
- Mithani was a key figure in the Indian fintech ecosystem.
- His death marks a significant loss for the supply chain finance sector.
- He played a pivotal role in expanding B2B payments through Clear.
About the business
- Xpedize operates as a supply chain finance tech startup.
- The company is based in Gurugram, India.
- It was originally founded in 2017.
- Its platform provides invoice discounting services to businesses.
- It also offers working capital management solutions.
- Customers include SMEs and their suppliers.
- The model utilizes dynamic discounting to improve cash flow.
- In 2022, Clear acquired Xpedize to expand into B2B payments.
- Post-acquisition, the brand was rebranded to Clear Invoice Discounting.
Investors
- YourNest Venture Capital (investor) — Venture capital firm investing in early-stage startups.
- HDFC Capital Advisors Limited (investor) — Investment arm of HDFC Bank.
- Lumis Partners (investor) — Private equity firm focused on financial services.
Founders
- Regan Mithani, Cofounder
- Deepak Gugnani, Cofounder
Same day
- Niyo Forex opens Chennai branch1 April 2026 · Launch
- Sproutlife Foods becomes an ITC subsidiary1 April 2026 · Acquisition
- Bacancy Systems raises ₹40 crore Series A1 April 2026 · Funding · ₹40 crore
- Lahori Jeera posts revenue growth with flat profit1 April 2026 · Results
- Xovian Aerospace raises $2M from Ashish Kacholia1 April 2026 · Funding · $2M
- Dream Sports pivots after real-money gaming shutdown1 April 2026 · Shutdown