Olyv Secures Rs 57.62 Crore in Funding for Personal Lending Expansion

Personal lending platform Olyv has successfully obtained Rs 57.62 crore in its extended Series C funding round, where Nippon India Digital led the investment, accompanied by existing investor Fundamentum. Headquartered in Bengaluru, Olyv had previously raised Rs 207 crore (approximately $23 million) in its Series C funding round, which was spearheaded by Fundamentum Partnership Fund with involvement from SMBC Asia in February of this year. The development was first reported by Startup Superb.

As per regulatory filings reviewed by Startup Superb, Olyv has issued 25,057 compulsorily convertible preference shares (CCPS) and 10 equity shares at an issue price of Rs 22,985.82 per share for securing the new capital. Nippon India Digital was the leading investor, contributing Rs 50 crore, while Fundamentum provided the remaining Rs 7.62 crore. Based on estimates from Startup Superb, this new fundraising seems to be an extension of the earlier Series C round, maintaining a consistent valuation of Rs 1,104 crore. The new funds are intended for addressing the company’s general corporate needs.

Established in 2015, Olyv functions as an online lending marketplace available through its website and mobile application. The platform facilitates connections between borrowers and lenders, providing unsecured loans through digital means. The startup’s offerings mainly consist of small-ticket personal loans aimed at micro-merchants, self-employed individuals, small retailers, blue- and grey-collar workers, as well as salaried professionals.

Following the recent share allotment, Nippon India Digital holds a 4.53% stake in Olyv, while existing investor Fundamentum maintains a 12.47% share. The company has yet to submit its FY26 financial reports. In FY25, Olyv saw a year-on-year growth of 36% in operating revenue, totalling Rs 338 crore, compared to Rs 249 crore in FY24, with net profit more than doubling to Rs 26 crore during the same timeframe.