Olyv raises Rs 57.62 crore in Series C extension led by Nippon India Digital
By Arjun MehtaSenior Business Editor, Peepals Business
Representative image: SandeepHanda / Pixabay
Lending platform Olyv has raised Rs 57.62 crore in an extended Series C led by Nippon India Digital with Fundamentum, filings reported on 12 November 2026 show.
What Happened
Olyv, an Indian fintech platform that arranges small personal loans through partner lenders, has raised Rs 57.62 crore in an extension of its Series C funding round, led by Nippon India Digital, according to regulatory filings reported on Thursday, 12 November 2026. Nippon India Digital put in Rs 50 crore and existing investor Fundamentum added Rs 7.62 crore. Coverage of the filings estimates Olyv's valuation at about Rs 1,104 crore, unchanged from its earlier Series C.
Key Facts
- Total raised in the extension: Rs 57.62 crore, of which Rs 50 crore from Nippon India Digital and Rs 7.62 crore from Fundamentum.
- Olyv allotted 25,057 compulsorily convertible preference shares and 10 equity shares at Rs 22,985.82 each, according to the filings.
- After the allotment, Nippon India Digital holds about 4.53% of Olyv and Fundamentum about 12.47%, according to reports.
- The estimated valuation of about Rs 1,104 crore is a flat round, meaning the same value as the previous round.
- The extension follows a Series C of Rs 207 crore (about $23 million) in February, led by Fundamentum with SMBC Asia.
- FY25: operating revenue of about $45.9 million, up 36% from $33.8 million in FY24, and net profit of about Rs 26 crore, according to reports; FY26 accounts have not yet been filed.
- The company says it has disbursed more than 70 lakh loans and facilitated over Rs 10,000 crore in cumulative transactions.
Why It Matters
Olyv works in one of the busiest corners of Indian fintech: small, unsecured personal loans for salaried and self-employed people, given through an app. The company does not lend from its own books as a bank would. It partners with lenders registered with the Reserve Bank of India, which provide the money, while Olyv finds and screens borrowers and runs the app. According to reports, its loans go up to Rs 5 lakh.
The round adds a new name to Olyv's shareholder list. Nippon India Digital put in most of the money, while Fundamentum, which led the February round, topped up its holding. Because the price per share points to the same valuation as before, the extension is a flat round: the company raised more money without a higher value being set.
The financial record behind the round is that of a profitable company, by the reported FY25 figures: revenue rose 36% and the company made a net profit of about Rs 26 crore. The FY26 accounts, still to be filed, will show whether the 36% revenue growth of FY25 has continued.
Peepals calculation: Nippon India Digital's Rs 50 crore for about 4.53% implies a company value of about Rs 1,104 crore (50 ÷ 0.0453 ≈ 1,104), matching the reported valuation. The share count also checks out: 25,067 shares at Rs 22,985.82 come to about Rs 57.62 crore (25,067 × 22,985.82 ≈ 57.62 crore). With the February round, Olyv's Series C money comes to about Rs 264.6 crore (207 + 57.62). Our calculation from the reported figures.
| Olyv funding | Detail |
|---|---|
| Series C (February) | Rs 207 crore (about $23 million), led by Fundamentum with SMBC Asia |
| Series C extension (reported 12 November 2026) | Rs 57.62 crore, led by Nippon India Digital |
| Nippon India Digital's share | Rs 50 crore, about 4.53% stake |
| Fundamentum's share | Rs 7.62 crore, about 12.47% total stake |
| Estimated valuation | about Rs 1,104 crore |
Impact
Short-term: The fresh money gives Olyv more room to grow its loan business and products with its partner lenders.
Long-term: With a large financial group on its cap table and a record of profit in FY25, Olyv may be better placed for later growth rounds or a public listing, though it has announced no such plans.
Who is affected: Olyv's borrowers and partner lenders, investors in Indian digital lending, and rival personal-loan apps competing for the same customers.
Key Takeaway
Olyv has added Nippon India Digital as an investor through a Rs 57.62 crore Series C extension at an estimated Rs 1,104 crore valuation, the same value as its February round.
Questions and Answers
How much did Olyv raise and from whom?
Olyv raised Rs 57.62 crore in an extended Series C round: Rs 50 crore from Nippon India Digital, which led the round, and Rs 7.62 crore from existing investor Fundamentum, according to filings reported on 12 November 2026.
What is Olyv's valuation?
Coverage of the filings estimates it at about Rs 1,104 crore, the same as in its February Series C, which makes this a flat round.
What does Olyv do?
Olyv runs a digital platform that offers small unsecured personal loans to salaried and self-employed people through partner lenders registered with the RBI, with loans of up to Rs 5 lakh according to reports.
Is Olyv profitable?
According to reports, Olyv made a net profit of about Rs 26 crore in FY25 on operating revenue of about $45.9 million. It has not yet filed FY26 accounts.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Arjun Mehta, Senior Business EditorCovers Start-ups & Opportunities and more for Peepals Business. All stories by Arjun Mehta
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Arjun Mehta is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
