Olyv has raised ₹57.62 crore in an extended Series C round led by Nippon India Digital, with Fundamentum also participating, according to market filings reported on 12 November 2026. The Olyv Series C extension involved the issue of 25,057 compulsorily convertible preference shares and 10 equity shares, each priced at ₹22,985.82. Nippon India Digital invested ₹50 crore for a 4.53% stake, and Fundamentum invested ₹7.62 crore, taking its holding to 12.47%.
The Bengaluru-based marketplace, founded in 2015, arranges unsecured, small-ticket loans. Coverage of the filings has estimated the implied valuation at a flat ₹1,104 crore. That figure is an estimate reported in the coverage, not a valuation stated here as a number taken from a public offer document. The company had already closed a Series C of ₹207 crore in February, with Fundamentum and SMBC Asia among the investors.
How the Olyv Series C extension fits the lending market
Olyv’s FY25 operating revenue was reported at ₹338 crore, up 36% from ₹249 crore in the previous year, with profit more than doubling to ₹26 crore. The raise is smaller than some recent balance-sheet milestones at other digital lenders, such as Kissht crossing ₹10,000 crore of assets under management, but it adds a mutual-fund house digital arm to the cap table of a profitable marketplace.
The funding arrives as the Reserve Bank continues to tighten the perimeter around digital credit, including rules on NBFC revolving credit and fresh licences such as MobiKwik’s NBFC authorisation. Marketplace lenders that arrange small-ticket personal loans sit in the same wider shift toward formal digital credit that has also been expanding access to credit for women entrepreneurs.
The extension is incremental to the February Series C rather than a new lettered round, and the ₹22,985.82 issue price applies to both the compulsorily convertible preference shares and the 10 equity shares. No executive quotations were included in the filings coverage, and this report does not add any. Olyv’s website is the company’s official public presence for the brand and product.
Key takeaways
- Olyv raised ₹57.62 crore in an extended Series C, with Nippon India Digital investing ₹50 crore for 4.53% and Fundamentum investing ₹7.62 crore, taking its stake to 12.47%.
- The issue comprised 25,057 compulsorily convertible preference shares and 10 equity shares at ₹22,985.82 each, according to market filings.
- FY25 operating revenue was reported at ₹338 crore, up 36%, with profit of ₹26 crore; an estimated flat valuation of ₹1,104 crore has been reported in coverage of the filings, and should be read as an estimate.
More on the company is available from olyv.co.in.
Featured image: Official Olyv logo, sourced from olyv.co.in.
