Credilio Raises Rs 30 Crore in Series A Funding Round

Credilio Series A Funding

Fintech startup Credilio has successfully raised around Rs 30 crore, or approximately $3.3 million, in its Series A funding round led by its existing investor, Cornerstone Ventures, with additional participation from Ashra Private Equity Fund. The company’s board has approved the allocation of 2,481 compulsory convertible cumulative preference shares (CCCPS) at an issuance price of Rs 1,20,880 per share to secure this funding.

Investment Breakdown

Cornerstone Ventures spearheaded this round with an investment of Rs 20 crore, followed closely by Ashra Private Equity Fund, which contributed Rs 10 crore. Startup Superb’s estimates indicate that Credilio’s valuation has soared 2.7X, reaching Rs 330 crore (approximately $36.5 million) on a post-money basis, compared to its previous seed round valuation of Rs 120 crore.

Utilisation of Funds

As outlined in the filing, the funds from this issue will be directed towards growth, expansion, and general corporate activities. The company is considering raising further capital as the funding round continues.

Ownership Stakes

Post-funding, Cornerstone Ventures and Ashra Private Equity Fund maintain stakes of 17.90% and 3.03%, respectively, on a fully diluted basis. The co-founders, Aditya Gupta, Anand Kapadia, and Sandeep Ghule, each hold 12.21% of the company.

Previous Funding Rounds

The Mumbai-based firm had earlier raised $4 million (around Rs 30 crore) in its pre-Series A funding from Cornerstone Venture Partners Fund (CSVP Fund), Exfinity Venture Partners, and Param Capital’s Mukul Agarwal, who contributed personally.

Credilio’s Operations

Founded in 2020 by Aditya Gupta, Sandeep Ghule, and Anand Kapadia, Credilio operates as a digital platform that connects financial advisors, lenders, and consumers, facilitating the efficient distribution of credit cards and loan products.

Financial Performance

In FY25, Credilio reported flat revenue of Rs 79.79 crore, slightly up from Rs 79.67 crore in FY24. Simultaneously, its losses saw a minor reduction, standing at Rs 19.35 crore in the same fiscal year.