Olyv raises $6.15M in Series C extension, led by Nippon India Digital
What's the deal? Bengaluru-based personal lending platform Olyv has raised US$7.82M (around $6.15 million) in an extension of its Series C round. New investor Nippon India Digital led with US$6.79M, while returning backer FundamentumDealroom has a profile for this one. Try Dealroom → contributed the remaining US$1.03M.
The details: The extension follows Olyv's US$28.1M (around $23 million) Series C in February, led by Fundamentum with SMBC Asia. The two tranches bring the combined round to roughly US$36M.
Why now? The raise comes at a flat valuation of about US$149.9M, making it a follow-on capital top-up rather than a fresh step-up in pricing. The company said the proceeds will fund general corporate requirements.
What's the endgame? Founded in 2015, Olyv runs an online lending marketplace through its website and app, offering small-ticket unsecured personal loans. It targets micro-merchants, self-employed individuals, small retailers, blue- and grey-collar workers, and salaried professionals.
By the numbers: In FY25, Olyv grew operating revenue 36% year on year to US$45.9M, up from US$33.8M in FY24. Net profit more than doubled to US$3.53M. The company is yet to file its FY26 statements.
After the latest allotment, Nippon India Digital holds a 4.53% stake and Fundamentum owns 12.47%.
The signal: The top-up fits a market where digital lending draws steady funding but capital concentrates in fewer, larger deals. Indian fintech raised $2.2 billion in January–September 2026, even as deal count fell 41%.
Read more: entrackr.com
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