Olyv has raised ₹57.62 crore in its extended Series C funding round. Nippon India Digital led the latest financing round. The round saw active additional participation from Fundamentum. The new round of funding comes after Olyv’s previous capital raising of ₹207 crore (approximately $23 million) in its main Series C round, with Fundamentum Partnership Fund leading the investment, in addition to others who participated in February through the participation of SMBC Asia. To raise this capital, the company issued 25,057 compulsorily convertible preference shares and 10 equity shares worth ₹22,985.82 a piece, as noted in the regulatory filing.

Investments breakdown and shareholding pattern

During its latest funding round, Nippon India Digital led the transaction with an investment of ₹50 crore, followed by the current investor Fundamentum, who contributed the remaining ₹7.62 crore. According to industry estimates, this is an extension of the earlier Series C capital raise, where the valuation of the digital financial platform stood at ₹1,104 crore. 

Olyv will use the proceeds raised through the new funding to cover general corporate purposes and support its business activities in the domestic financial market. The ownership changes of Olyv have been updated after completion of this share allotment and capital infusions. As a strategic entry into digital lending, Nippon India Digital holds a 4.53% stake in the enterprise. 

Current backer Fundamentum still has a significant holding, representing 12.47% of the fintech’s stock. The ownership structures show the increasing level of confidence that institutional investors have in the business model of Olyv and its positioning in the Indian digital finance industry over the years.

Market position and platform offerings

Since its inception in 2015, Olyv, headquartered in Bengaluru, serves as a digital finance platform and marketplace for lending that can be accessed via its website and mobile application. The model works by creating an interaction between individual customers and lenders to provide secured loans.

The product offerings from Olyv are specially designed for micro-merchants, self-employed individuals, small traders, blue-collar and grey-collar employees, and salaried professionals. With its product offerings targeting these underserved segments of the market, the startup has carved out a distinct niche within the digital lending space.

While not yet filing the financial results for the financial year 2026, the growth of the company in previous years speaks volumes about the growth that has been achieved by the company commercially. 

The company reported a 36% year-over-year increase in its operating income at ₹338 crore for the financial year 2025 compared to ₹249 crore in the financial year 2024. Its net income grew to ₹26 crore in the financial year 2025 compared to the previous year.

Conclusion

Olyv was able to raise ₹57.62 crore in an extended Series C funding round led by Nippon India Digital, showing the increasing level of confidence that investors have in the Indian digital lending space. Having a valuation of ₹1,104 crore coupled with a proven capability to grow its operating income while maintaining profitability measures, the platform is well-positioned to meet the credit demands of the new borrower base.