New Delhi, June 30 – Blostem, a B2B fintech infrastructure startup specializing in fixed deposit (FD) distribution, has raised fresh seed funding of ₹4 crore, led by AC Ventures, with participation from existing investors Mobikwik and Kapil Bharti, co-founder of Delhivery. The funding round pegs the company’s valuation at approximately ₹45 crore, signaling growing investor confidence in the startup’s mission to simplify access to traditional banking products through digital platforms.
Founded in September 2021 by Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh, Blostem offers a plug-and-play infrastructure that allows brokers, fintech apps, and wealth-tech platforms to distribute fully digital FDs from multiple banks and NBFCs through a single API integration.
“Fixed deposits have always been one of the most trusted investment options in India, but access has remained largely confined to traditional banking systems,” said Ravi Jain, Co-founder and MD of Blostem. “Our vision is to bring FDs — and eventually a wider range of financial products — to every digital platform in the country through a seamless and compliant infrastructure.”
The Delhi-based startup eliminates the need for B2C platforms to manage multiple partnerships and fragmented integrations. Instead, they can offer FDs from a variety of issuers in one go. Similarly, banks and NBFCs can distribute their FD offerings across a broad digital ecosystem by integrating just once with Blostem’s platform.
The startup’s platform is already being used by notable fintechs such as Mobikwik, Upstox, and Centricity Wealth. Blostem currently has partnerships with 10 banks and NBFCs, and over 30 B2C platforms are live or in the pipeline.
With this new capital, Blostem plans to strengthen its FD offering, scale transaction volumes, and expand into adjacent financial products, including savings, banking, and investment solutions. The company aspires to eventually capture over 40% of India’s digital FD volumes through its ecosystem.
As financial services in India rapidly shift to digital platforms, Blostem is positioning itself at the forefront of this transformation — not by creating consumer-facing products, but by quietly powering the infrastructure that makes seamless digital savings possible.
