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Dilip Kumar Modi

Founder & CEO, Spice Money

One of India’s most successful young entrepreneurs and amongst its foremost digital experts, Dilip Kumar Modi is the Chairman and Group CEO of DiGiSPICE Technologies and Founder of Spice Money. Dilip is a second-generation entrepreneur who has pioneered several new innovations and built a strong portfolio of businesses within the Indian mobility and technology space during his stellar career spanning over two decades.

Dilip always believed that technology would be a key enabler for achieving inclusive growth in the world and started several innovative, technology-driven businesses. Today, he is furthering the cause for financial inclusion and empowerment of rural India through Spice Money, India's leading rural fintech company. Spice Money is progressing, at a great pace, with a clear mission to bridge the gap between the served and the under-served by providing digital financial and e-retail services to the customers at their doorstep. The company’s mission is to Digitally and financially Empower Nanopreneurs in Emerging India.

In keeping with his passion for supporting entrepreneurship and the next wave of business leaders emerging within the country, Dilip has also assumed the role of a mentor and has even made investments in a personal capacity into several promising start-ups. These include Shuttl, AdGyde, Uolo, Curofy, etc. His latest venture, iExponential has also been helping enterprises achieve rapid scale through innovative solutions leveraging disruptive technologies and is aimed at promoting the creation of high-value corporations in the B2B and B2C spaces while improving consumers’ lives.

Dilip’s leadership attributes are widely recognized by corporate India resulting in his being the youngest-ever President of the Associated Chambers of Commerce (ASSOCHAM), one of the most prestigious industry bodies in India. He was also the youngest Chairman of the Cellular Operators Association of India (COAI), in 2004 -05.

Dilip Modi was awarded the “Youth Icon Award” by the Gujarat Chamber of Commerce and Industry for his exemplary leadership. He is the founder of Ek Soch, a social impact initiative to support innovation and entrepreneurship in the areas of Mobility, Education, and Environment.

Dilip holds a First Class Bachelor of Science Degree in Management Technology from Brunel University, London, UK. He has also done his Masters in Business Administration from the Management School at the Imperial College, London, with a specialization in Finance.

Brandwagon ACE Awards 2023

Skoch Fintech Award 2023

Top 50 organizations in BFSI Sector

Best use of Data & Analytics(Financial services)

Indian MSME Enabler Award- Banking & Financing

Financial Inclusion Startup of the Year 2023

ET Digi Plus award for RedBlue Revolution Campaign

Best Technology Initiative - Fintech

Most Preferred Workplace in BFSI 2022-2023 Future of Work Trends in BFSI Sector

UiPath Automation Excellence Awards 2022

Best Fintech Initiative for Social Impact

Great Place To Work 2022-23

New product Launch Category - Travel Union - 2022

ACEF ASIAN LEADERS Forum & Awards 2022- Bronze

Integrated marketing - Zero Initiative Investment - 2022

Google Customer Award for Financial Services - 2022

Best Service provider in Rural Fintech

The Economics Times Future-Ready Organization - 2022

Excellence in Business Growth
(Fitech Start-UPS) Award - 2022

Google Customer Award for Social Impact - 2022

Google Customer Award for Diversity, Equity & Inclusions - 2022

Great Place to Work - 2021

Brand Disruption Awards - 2022 for Travel Union launch campaign

BFSI Excellence Awards 2022 - Presented to Dilip Modi

Excellence in Neo Banking at the 2nd ASSOCHAM Annual Conclave FinTech & Digital Payments - 2021

The Economic Times - Best BFSI Brands 2021

BFSI Gamechanger Awards - 2021 Presented to Dilip Modi

Best Brand Building Campaign Spice Money toh Life Bani - 2021

Best Lead Generation Initiative Spice Money Zero Investment Campaign - 2021

National Payment Excellence Awards For Best IMPS Service - 2016

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Name: Yashika Sharma


Women empowering women, one business at a time

Catch Dilip Modi, Founder, Spice Money, in conversation with 3 trail-blazing women entrepreneurs, on making self-empowerment accessible to women across Bharat.

Personalized learning for a prosperous Bharat

Catch Dilip Modi, Founder, Spice Money, in conversation with Vivek Varshney, Founder, SpeedLabs, on empowering rural India through quality education.

Enabling financial mobility in India through P2P lending

Catch Dilip Modi, Founder, Spice Money, in conversation with Bhavin Patel, CEO, LenDenClub, on utilizing India's high household savings to address the loan availability gap.

Technology bridging India's financial divide

Catch Dilip Modi, Founder, Spice Money, in conversation with rural entrepreneurs and fintech leaders - Akshit Gupta, Anil Tadimeti, and Vineet Agarwal, on fintechs solving the financial inclusion problem for rural India.

Literacy lighting the way for a transformed Bharat

Catch Dilip Modi, Founder, Spice Money, in conversation with Ajaita Shah, CEO, Frontier Markets, and Vamsi Udayagiri, CEO, Hesa, on creating opportunities for Rural India through literacy and commerce.

From cash to convenience: Digitalization of Rural India

Catch Dilip Modi, Founder, Spice Money, in conversation with Noopur Chaturvedi, CEO of NPCI Bharat Bill Pay, and Anujeet Varadkar, CEO of Svatantra Microfin, on cashless economy penetrating rural India.

Empowering Bharat through financial inclusion

Catch Dilip Modi, Founder, Spice Money, in conversation with 3 dynamic voices in Indian fintech & rural empowerment - Ram Rastogi, Sunil Kulkarni, and Darpan Sharma, on making financial services accessible in rural India.

Breaking Ground in the Evolution of Digital Commerce

Catch Spice Money co-founders Dilip Modi and Sanjeev Kumar, in conversation with T. Koshi, Founder, ONDC, and Suresh Sethi, Managing Director & CEO, Protean eGov Technologies Pvt. Ltd., as they discuss the exciting possibilities and trends that are shaping India's e-commerce landscape.

Celebrating Trailblazing Women Inspiring Change in the Digital Era

Celebrate Women's Day with CEO of Spice Money, Dilip Modi, in a groundbreaking episode of Chaupal, as he engages in a riveting conversation with four trailblazing women who have emerged as frontrunners in India's Fintech Revolution.

Empowering Rural India's Financial Crossover into the Mainstream

Catch Spice Money co-founders Dilip Modi and Sanjeev Kumar in conversation with Pawan Bhakshi, the India lead of Financial Services for the Poor at the Bill & Melinda Gates Foundation, in a thought-provoking conversation about India's roadmap for attaining financial inclusion.

Pushing the Limits of Last-Mile Delivery in India's E-commerce Sector

Witness the dialogue amongst Spice Money Founder, Dilip Modi, Spice Money COO, Srivaths Varadharajan, and Pataa Co-founder, Rajat Jain, as they explore tech solutions for e-commerce, that are making last-mile delivery a possibility!

Srivaths Varadharajan @ Fintech Leaders Virtual Session | How Fintech organisations can scale business through CX transformation
Sanjeev Kumar @ Global Fintech Fest 2022 | Fintech collaboration: Making the transition to the digital era
Sanjeev Kumar @ FICCI Digital Bharat 2022 | Innovation and digital transformation for the society - Technology for Good
Srivaths Varadharajan @ YourStory Roundtable | Multi-cloud and the multi-million scale-ups
Srivaths Varadharajan @ The Bharat Connect Webinar | Listening is the key to understanding. Are we listening to our customers
Sanjeev Kumar @ ASSOCHAM India International Fintech Festival | CEO Panel
Rajneesh Arora @ ASSOCHAM India International Fintech Festival | Role of fintech in financial inclusion - India stack success story
Srivaths Varadharajan @ India Banking Summit | Digital payments - Transformation journey in Banks
Sanjeev Kumar @ YourStory Paysa 2022 Summit | The rise of FinTech in India
Rajneesh Arora @ The FinTech Festival India | Lessons from 2021 - Future of Financial Services in a New World
Kuldeep Pawar @ Agency Reporter Virtual Panel | Snackable content for Bharat: Why short-form video content is the future
Kuldeep Pawar @ Social Samosa BFSI Marketing Conclave | Spends & Trends: The know-how of BFSI marketing in 2022
Kuldeep Pawar @ RMAI Webinar | Rural Finance: From Cash to Digital
Srivaths Varadharajan @ Elets BFSI CTO Virtual Summit
Dilip Modi speaking @ ET Brand Bharat
Srivaths Varadharajan @ The Fintech Festival