Bengaluru-based digital lending marketplace Olyv has raised ₹57.62 crore in an extension of its Series C funding round, with new investor Nippon India Digital leading the transaction. Existing backer Fundamentum also participated, according to regulatory filings accessed by Entrackr.
The latest allotment comprises 25,057 compulsorily convertible preference shares and 10 equity shares, issued at ₹22,985.82 per share. Nippon India Digital invested ₹50 crore, while Fundamentum contributed the remaining ₹7.62 crore. Olyv has not announced a new valuation in the filing. Entrackr estimates that the transaction represents an extension of the existing Series C round at a flat valuation of ₹1,104 crore.
Capital follows February Series C round
Olyv had raised ₹207 crore in its Series C round in February 2026. That financing was led by Fundamentum Partnership Fund and included participation from SMBC Asia. The latest capital infusion adds Nippon India Digital to the company’s investor base and increases its exposure to a fund focused on digital businesses.
| Investor | Investment in latest allotment | Post-allotment stake |
|---|---|---|
| Nippon India Digital | ₹50 crore | 4.53% |
| Fundamentum | ₹7.62 crore | 12.47% |
According to the regulatory filing, Olyv will use the fresh proceeds for general corporate requirements. The company has not yet filed its financial statements for FY26, so the latest funding announcement does not provide a new account of its performance in that financial year.
Focus on unsecured digital loans
Founded in 2015, Olyv operates through a website and mobile application that connect borrowers and lenders. Its platform is centred on unsecured personal loans, including small-ticket credit aimed at micro-merchants, self-employed people, small retailers, blue- and grey-collar workers and salaried professionals.
The company’s model places it within India’s expanding digital lending ecosystem, where technology platforms support loan discovery and online processing. For users, Olyv’s stated focus means its platform is designed for borrowers who may seek personal credit digitally rather than through a traditional branch-led process. The filing, however, only identifies the use of funds as general corporate requirements and does not specify any new consumer product, lending limit or geographic expansion.
Revenue and profit increased in FY25
Olyv reported ₹338 crore in operating revenue in FY25, up 36% from ₹249 crore in FY24, according to Entrackr. Its net profit more than doubled during the same period to ₹26 crore. These figures provide the latest disclosed view of the company’s operating performance as it brings in additional institutional capital.
- Nippon India Digital invested ₹50 crore in the latest round extension.
- Fundamentum added ₹7.62 crore and remains an existing investor.
- The funds are earmarked for Olyv’s general corporate requirements.
Following the allotment, Nippon India Digital holds a 4.53% stake in Olyv, while Fundamentum’s holding stands at 12.47%. The transaction gives the lending marketplace further capital while leaving its reported valuation unchanged at ₹1,104 crore, based on Entrackr’s estimate rather than a newly disclosed company valuation.
