Olyv, a Bengaluru-based platform that facilitates small-ticket personal loans online, has added ₹57.62 crore to its Series C round. The extension was led by Nippon India Digital, a new investor in the company, with existing shareholder Fundamentum also taking part.
According to a report by Indian Startup Times citing regulatory filings, the fresh capital comes at the same valuation as Olyv's earlier Series C raise, placing the company at approximately ₹1,104 crore. The money is earmarked for general corporate purposes.
How the Extended Round Breaks Down
Nippon India Digital put in ₹50 crore, accounting for the bulk of the extension. Fundamentum supplied the remaining ₹7.62 crore.
To complete the transaction, Olyv allotted 25,057 compulsorily convertible preference shares along with 10 equity shares. Each was issued at ₹22,985.82 per share.
A Flat Valuation and a New Shareholder
The extension keeps Olyv's valuation steady at around ₹1,104 crore, matching the price set in its prior round. Flat-valuation extensions are a common way for companies to bring in additional investors without reopening negotiations on price.
After the allotment, Nippon India Digital holds a 4.53% stake in the company. Fundamentum, which has now backed Olyv across both parts of its Series C, owns 12.47%.
Building on the February Series C
The new capital follows a larger raise earlier in 2026. In February, Olyv secured ₹207 crore, or about $23 million, in a Series C round led by Fundamentum Partnership Fund, with SMBC Asia participating.
Taken together, the two tranches give the lender a considerably stronger capital base as it continues to grow its digital lending operations. For a lending marketplace, a deeper balance sheet can support expansion, technology investment and relationships with lending partners.
What Olyv Does
Founded in 2015, Olyv runs an online lending marketplace through its website and mobile app. The platform connects borrowers with lenders and facilitates unsecured personal loans entirely through digital channels.
Its focus is on small-ticket loans for customers who often have limited access to formal credit. These include micro-merchants, self-employed individuals, small retailers, blue- and grey-collar workers, and salaried professionals.
The company's stated aim is to use technology to widen access to credit for individuals and segments that traditional lenders tend to underserve.
Revenue Growth and Rising Profitability
Olyv's most recent reported financials point to steady growth. Operating revenue rose 36% year on year to ₹338 crore in FY25, up from ₹249 crore in FY24.
Profitability improved sharply over the same period, with net profit more than doubling to ₹26 crore in FY25. The company has not yet filed its FY26 financial statements.
What the Deal Signals for Digital Lending
The round adds to a pattern of continued investor appetite for digital lending platforms in India, particularly those using technology to bring more people into the formal credit system. A profitable lender raising follow-on capital at an unchanged valuation suggests investors remain comfortable with its trajectory.
For founders in the fintech space, Olyv's path offers a useful reference point: a decade-old company combining revenue growth with profitability, and drawing both a new institutional backer and repeat support from an existing one. The FY26 numbers, once filed, will show whether that momentum has carried forward.
Source: Indian Startup Times
