Personal lending platform Olyv raises Rs 57.62 crore in extended Series C led by Nippon India Digital

Personal lending platform Olyv has raised Rs 57.62 crore in an extended Series C round led by new investor Nippon India Digital. Existing investor Fundamentum also participated.

Nippon India Digital invested Rs 50 crore and Fundamentum put in the remaining Rs 7.62 crore, according to regulatory filings accessed by Entrackr. Olyv allotted 25,057 compulsorily convertible preference shares and 10 equity shares at Rs 22,985.82 per share.

Entrackr estimates the extension values the company at a flat Rs 1,104 crore, the same as the original round. After the allotment, Nippon India Digital holds 4.53% of the company and Fundamentum holds 12.47%.

The money will go toward general corporate requirements, the filing says.

Founded in 2015, Olyv runs an online lending marketplace through its website and mobile app. It connects people who want to borrow with lenders, and offers unsecured loans digitally.

Most of its loans are small-ticket personal loans. Its customers include micro-merchants, self-employed people, small retailers, blue- and grey-collar workers and salaried professionals.

In FY25, Olyv’s operating revenue grew 36% year on year to Rs 338 crore, from Rs 249 crore in FY24. Net profit more than doubled to Rs 26 crore over the same period.

The company is yet to file its FY26 financial statements.