Bengaluru-based digital lending platform Olyv has raised ₹57.62 crore in an extended Series C funding round led by Nippon India Digital, with participation from existing investor Fundamentum, taking its Series C fundraising further.
Bengaluru-based personal lending platform Olyv has secured ₹57.62 crore in an extended Series C funding round led by new investor Nippon India Digital. Existing investor Fundamentum also participated in the round, according to regulatory filings.
Nippon India Digital invested ₹50 crore, while Fundamentum contributed ₹7.62 crore. As part of the transaction, Olyv allotted 25,057 compulsorily convertible preference shares (CCPS) and 10 equity shares at an issue price of ₹22,985.82 per share.
The latest fundraise is reportedly an extension of the company’s earlier Series C round, valuing Olyv at approximately ₹1,104 crore, at the same valuation as its previous round. The company plans to utilise the fresh capital for general corporate requirements.
Earlier in February 2026, Olyv raised ₹207 crore (approximately $23 million) in its Series C funding round led by Fundamentum Partnership Fund, with participation from SMBC Asia. The latest investment further strengthens the company’s capital base as it continues to expand its digital lending operations.
Founded in 2015, Olyv operates an online lending marketplace through its website and mobile application, connecting borrowers with lenders and facilitating unsecured personal loans through digital channels.
The platform primarily focuses on small-ticket personal loans for micro-merchants, self-employed individuals, small retailers, blue- and grey-collar workers, and salaried professionals. By leveraging technology-driven lending solutions, the company aims to improve access to credit for individuals and underserved customer segments.
Following the latest share allotment, Nippon India Digital holds a 4.53% stake in Olyv, while Fundamentum’s ownership stands at 12.47%.
Olyv’s Financial Performance
Olyv reported a strong financial performance in FY25, with operating revenue increasing 36% year-on-year to ₹338 crore, compared with ₹249 crore in FY24.
The company’s profitability also improved significantly, with net profit more than doubling to ₹26 crore during FY25. The company has yet to file its FY26 financial statements.
The latest funding comes as digital lending platforms continue to attract investor interest, particularly businesses focused on expanding access to formal credit through technology-led solutions. With fresh capital and continued backing from existing investors, Olyv is positioned to strengthen its lending marketplace and support its future business requirements.
By: Sejal Thakur
