Olyv adds Rs 58 Cr to its Series C as Nippon India Digital joins at a flat valuation

Bengaluru based Olyv has raised Rs 57.62 crore in an extension of its Series C round, led by new investor Nippon India Digital with participation from existing investor Fundamentum, according to regulatory filings reported by Entrackr and Venture Intelligence on 12 November. Nippon India Digital put in Rs 50 crore and Fundamentum the remaining Rs 7.62 crore.

The company allotted 25,057 compulsorily convertible preference shares and 10 equity shares at Rs 22,985.82 apiece, Entrackr reports. Compulsorily convertible preference shares are the instrument most Indian venture rounds use: they carry investor rights now and turn into ordinary shares later. After the allotment Nippon India Digital holds 4.53% of Olyv and Fundamentum 12.47%. Entrackr estimates the round keeps Olyv's valuation flat at about Rs 1,104 crore, and the filing says the money is for general corporate purposes.

The extension follows a Rs 207 crore Series C in February 2026, led by Fundamentum Partnership Fund with SMBC Asia, Entrackr notes. Founded in 2015 and earlier known as SmartCoin, Olyv runs an online lending marketplace on its app and website that connects borrowers with lenders for small unsecured personal loans. Its customers include micro merchants, small retailers, self employed people, blue and grey collar workers and salaried professionals.

Olyv has not yet filed its FY26 accounts. For FY25, Entrackr's reading of the filings shows operating revenue up 36% to Rs 338 crore and net profit more than doubling to Rs 26 crore. What to watch: a flat valuation extension usually means a company chose to bring in a strategic backer rather than wait for a bigger priced round, so the FY26 numbers will show whether growth and profits kept pace.