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Exclusive: Olyv raises Rs 58 Cr in extended Series C round led by Nippon India Digital

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Exclusive: Olyv raises Rs 58 Cr in extended Series C round led by Nippon India Digital

Personal lending platform Olyv has raised Rs 57.62 crore in its extended Series C funding round led by new investor Nippon India Digital, with participation from existing investor Fundamentum.

The Bengaluru-based company had raised Rs 207 crore (around $23 million) in its Series C funding round led by Fundamentum Partnership Fund, with participation from SMBC Asia, in February this year. Entrackr was first to report the development.

According to regulatory filings accessed by Entrackr, Olyv has allotted 25,057 compulsorily convertible preference shares (CCPS) and 10 equity shares at an issue price of Rs 22,985.82 per share to raise fresh capital.

Nippon India Digital led the round with an investment of Rs 50 crore, while existing investor Fundamentum contributed the remaining Rs 7.62 crore.

As per Entrackr’s estimates, the fresh fundraise appears to be an extension of the same Series C round at a flat valuation of Rs 1,104 crore. According to the filing, the fresh proceeds will be used to meet the company's general corporate requirements.

Founded in 2015, Olyv operates as an online lending marketplace through its website and mobile application. The platform connects borrowers and lenders, offering unsecured loans digitally. The startup’s product portfolio primarily includes small-ticket personal loans catering to micro-merchants, self-employed individuals, small retailers, blue- and grey-collar workers, as well as salaried professionals.

Following the latest allotment, Nippon India Digital holds a 4.53% stake in Olyv, while existing investor Fundamentum owns a 12.47% stake.

The company is yet to file its FY26 financial statements. In FY25, Olyv reported a 36% year-on-year growth in operating revenue to Rs 338 crore, compared to Rs 249 crore in FY24, while its net profit more than doubled to Rs 26 crore during the same period.


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