Olyv Raises Rs 57.62 Crore Led by Nippon India Digital
Nippon India Digital led Olyv's extended Series C round, with existing investor Fundamentum also taking part.
Key Takeaways
- Olyv raised Rs 57.62 crore in an extended Series C round.
- Nippon India Digital led the round as a new investor, and existing investor Fundamentum took part.
- Olyv raised Rs 207 crore in its Series C in February 2026.
- Olyv said in its filing it will use the funds for general corporate requirements.
- In FY25, Olyv's operating revenue rose about 36% to Rs 338 crore.
Table of Contents 10 sections
Olyv, the Bengaluru-based personal lending platform formerly known as SmartCoin, has raised Rs 57.62 crore in an extended Series C round led by Nippon India Digital, according to a regulatory filing. Existing investor Fundamentum also put money into the round.
Nippon India Digital comes in as a new investor in Olyv. As part of the round, Olyv allotted 25,057 compulsorily convertible preference shares and 10 equity shares at Rs 22,985.82 each. The new money adds to the Rs 207 crore Series C that Olyv raised in February 2026.
Olyv funding at a glance
| Detail | Olyv |
|---|---|
| Amount | Rs 57.62 crore |
| Round | Extended Series C |
| Lead investor | Nippon India Digital (new investor) |
| Other investor | Fundamentum (existing investor) |
| Shares allotted | 25,057 compulsorily convertible preference shares and 10 equity shares at Rs 22,985.82 each |
| Sector | Digital personal lending |
| City | Bengaluru |
What Olyv does
Olyv runs an online lending marketplace through its website and mobile app that matches borrowers with lenders for unsecured personal loans. Its main product is small-ticket personal loans.
The company focuses on micro-merchants, self-employed people, small retailers, blue-collar and grey-collar workers, and salaried professionals. Its loans are unsecured, which means borrowers do not have to pledge an asset such as gold or property to get them.
How SmartCoin became Olyv
Olyv was earlier known as SmartCoin. In early 2024, SmartCoin Financials announced Olyv as the new brand name for its products.
Olyv has four co-founders: Rohit Garg, Jayant Upadhyay, Vinay Singh and Amit Chandel. Rohit Garg is the company's CEO.
Olyv's Series C now comes in two parts
The first part of Olyv's Series C came in February 2026, when it raised Rs 207 crore in a round led by Fundamentum Partnership Fund, with SMBC Asia taking part. The latest Rs 57.62 crore is an extension of that same Series C round, and Fundamentum has invested in both parts.
Olyv grew revenue and profit in FY25
In FY25, Olyv's operating revenue rose about 36% to Rs 338 crore from Rs 249 crore in FY24. Its net profit more than doubled to Rs 26 crore in the same year. The company has not yet filed its FY26 financial statements.
Olyv's journey so far
| When | Milestone |
|---|---|
| Early 2024 | SmartCoin Financials rebranded its business as Olyv |
| February 2026 | Raised Rs 207 crore in a Series C round led by Fundamentum Partnership Fund, with SMBC Asia taking part |
| November 2026 | Raised Rs 57.62 crore in an extended Series C round led by Nippon India Digital |
What Olyv says it will do with the new money
Olyv said in its filing that it will use the funds for general corporate requirements.
Where Olyv stands after the Series C extension
With this extension, Olyv has added Rs 57.62 crore to the Rs 207 crore it raised in its Series C in February 2026. Nippon India Digital joins existing backer Fundamentum on its list of investors. The Bengaluru company offers small-ticket personal loans to self-employed people, small retailers and salaried professionals.
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