Funding Details

The Series C funding round was prominently led by the Fundamentum Partnership Fund, with notable participation from the SMBC Asia Rising Fund. This substantial investment reflects the confidence these institutions have in Olyv’s growth potential.

Share Allotment and Investments

According to regulatory filings, Olyv’s board has approved the allotment of 10 equity shares and 88,265 compulsorily convertible series C preference shares at an issue price of INR 23,506 per share. The allocation will bolster the company’s funding total.

Fundamentum Partnership Fund has made a significant investment of INR 120 crore, while SMBC Asia Rising Fund added INR 87.5 crore. The capital raised will primarily be employed for general corporate purposes, facilitating Olyv’s expansion plans.

Shareholder Landscape Post-Funding

With this latest infusion of funds, Lightrock retains its position as the largest external shareholder, owning 22.43% of Olyv. The limits for other stakeholders include 11.48% for Fundamentum Partnership Fund, 8.37% for SMBC Asia Rising Fund, and 4.95% for 01VC Poseidon Fund. Olyv’s co-founders—Rohit Garg, Jayant Upadhyay, Vinay Kumar Singh, and Amit Chandel—collectively hold a 28.48% stake in the company.

About Olyv

Founded in 2015, Olyv is a Bangalore-based fintech company that operates as a digital lending marketplace via its website and mobile application. The platform is dedicated to offering small unsecured personal loans, complemented with services such as credit health monitoring, savings options, and insurance offerings.

Target Audience

Olyv primarily serves a diverse clientele, including micro-merchants, independent professionals, small retailers, and salaried employees. This focus on various customer segments allows Olyv to tailor its offerings effectively to meet the specific financial needs of its users.

Competitive Landscape

In a bustling digital lending environment, Olyv competes with other notable players such as KreditBee, MoneyTap, EarlySalary, CASHe, and Navi. The company aims to differentiate itself by providing personalized customer experiences and innovative financial solutions to stay ahead in this competitive market.