🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Blume-backed Optimo Loan may tap new international investor in fresh fundraise
VCCircle
·
10m ago
Medial
Optimo Loan, a small business lending startup backed by Blume Ventures and Omnivore, is looking to raise another round of funding. The company, founded by Prashant Pitti, co-founder of Easemytrip, is also planning to bring in a new investor.
View Source
Related News
Blume backs EaseMyTrip co-founder's fintech platform; Nexus bets on gaming startup
VCCircle
·
1y ago
Medial
Fintech startup Optimo Loan and gaming studio Liquidnitro Games have announced early-stage funding. Optimo Loan has secured $10 million in a seed funding round led by Blume Ventures and Omnivore, with additional investment from founder Prashant Pitti. The startup plans to use the funds to expand operations, improve its technology stack, recruit new talent, and establish a presence in rural India. Meanwhile, Liquidnitro Games raised $5.25 million in a seed funding round led by Nexus Venture Partners. The funds will be used to develop the studio and invest in artificial intelligence and technology to enhance production capabilities.
View Source
Lending startup Optimo Loan raises $10M led by Blume, Omnivore
IndianStartupNews
·
1y ago
Medial
Optimo Loan, a small business lending startup in India, has raised $10 million in its first equity fundraise. The funds will be used to expand its micro, small, and medium enterprises (MSME) lending portfolio, enhance technology, and widen its presence in rural India. Optimo Loan uses a unique underwriting method to provide tailored financial solutions to MSMEs, aiming to address the significant credit gap in this sector. The company differentiates itself by supporting rural businesses and leveraging co-lending agreements with banks and NBFCs.
View Source
Easymytrip founder’s new lending venture Optimo Loan secures $10 million in funding
Economic Times
·
1y ago
Medial
Optimo Loan, a lending startup focused on small businesses, has raised $10 million in its first equity fundraising round. The funds were secured from investors Blume and Omnivore, as well as Prashant Pitti, the founder of Easemytrip. Optimo aims to address the significant credit gap in MSME lending in India, estimated at $530 billion, by utilizing technology and a blended distribution model. The company plans to establish an asset-light business by partnering with banks and larger NBFCs to offer co-lending services to MSMEs.
View Source
Optimo Loan raises $10 Mn seed in round
Entrackr
·
1y ago
Medial
MSME-focused lending-tech startup Optimo Loan has raised $10 million in its seed round led by Blume and Omnivore, with additional contribution from Optimo’s founder, Prashant Pitti. The proceeds will be used to expand its operations, enhance its technology, recruit new talent, and broaden its presence to 20 locations in rural India by the end of this year, the startup said in a press release. Founded by Pitti, Optimo facilitates access to quick, easy, and flexible financing options for MSMEs. It supports businesses in investing in new technologies, increasing liquidity, and ensuring business continuity. The startup actively contributes to local job creation, economic growth, and community development. The startup is also building a co-lending platform for MSMEs with a unique underwriting method. This approach allows Optimo to gain deeper insights into the financial health of MSMEs, enabling informed lending decisions and catalyzing entrepreneurship and economic growth in rural communities. That said, early-stage India-focused venture fund Blume Ventures invests in seed and pre-Series A rounds in tech-led startups. It is presently investing via its Fund IV, a $300 million vehicle supported by institutional LPs and family offices. Following the close of Fund IV, Blume now has an AUM (Assets Under Management) of over $600 million.
View Source
Satya MicroCapital taps returning investor to raise fresh capital
VCCircle
·
1y ago
Medial
Delhi-based microfinance institution, Satya MicroCapital, is raising new capital from an international investor to expand its loan portfolio. The company, registered as a non-banking financial company-microfinance institution, is backed by Japanese impact investor Gojo & Company Inc. This move aims to support Satya MicroCapital's growth and further extend its reach in the microfinance sector in India.
View Source
ETtech Deals Digest: Startup funding in March falls 37% to $623 million
Economic Times
·
1y ago
Medial
In March 2024, technology startups secured $622.5 million in funding across 63 rounds, marking a 37% decrease compared to the previous year. The funding landscape had been challenging since September 2022. Fintech, edtech, deeptech, software-as-a-service, and healthtech sectors received the most funding. Blume Ventures emerged as the top investor by volume, supporting startups like Ultrahuman, SuperK, Optimo Loan, Vobble, and Bambrew. The overall deal volume and value declined sequentially, with the last week of March experiencing a significant drop. Notable deals included Pocket FM raising $103 million, Perfios securing $80 million, Lohum receiving $14 million, Newspace Research & Technologies collecting $52 million, and Skyflow extending its Series B funding with $30 million.
View Source
ADQ-backed Filipino fintech Salmon set to snag fresh equity funding
VCCircle
·
1y ago
Medial
Filipino fintech firm Salmon, backed by Abu Dhabi sovereign wealth fund ADQ, is on the verge of securing a new round of funding from a prominent international investor. Salmon is a consumer fintech company registered in the UAE but operating in the Philippines. With this fresh injection of equity funding, Salmon aims to further enhance its operations and grow its presence within the fintech industry.
View Source
EQT, ChrysCap-backed Credila gets valuation bump as it adds new investor to cap table
VCCircle
·
1y ago
Medial
Education loan provider HDFC Credila, backed by private equity firms EQT and ChrysCapital, has added a new investor to its cap table. The company recently underwent a buyout when HDFC Bank sold its majority stake for $1.15 billion. The addition of the new investor will likely result in a higher valuation for HDFC Credila.
View Source
ETtech Exclusive: Inside the cash crisis, big valuation cut at Lendingkart
Economic Times
·
9m ago
Medial
Lendingkart, an MSME-focused lending platform, is facing a valuation cut due to a cash crisis and stress in the unsecured loan market. The company is negotiating a new funding deal with existing investor Fullerton Financial Holdings at a valuation of $100 million, down from $350 million in its last equity fundraise. Fullerton is looking to increase its stake in the company to more than 60% and become a majority shareholder. Lendingkart had shown a turnaround in FY23, but its financial position has deteriorated, impacting its ability to attract new funding.
View Source
Battery Smart to raise $45M in Series B round
Inshorts
·
1y ago
Medial
Delhi NCR-based battery-swapping startup Battery Smart is raising around INR 376.3 Cr (about $45 Mn) from existing and new investors in what seems to be a Series B funding round. The fundraise comes almost a year after the startup raised $33 Mn in its pre-Series B funding round from Tiger Global, Blume Ventures, EIF, and BII.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
