DPDzero has secured $7 million (around Rs 61 crore) in its Series A funding round, led by Japan’s GMO Venture Partners with support from SMBC Asia and existing backer Blume Ventures.
According to the filings with the Registrar of Companies, DPDzero’s board approved the issue of 21,709 Series A preference shares at Rs 24,364 apiece, raising Rs 52.89 crore ($6.2 million). With an earlier Rs 8 crore allotment, the total inflow reached Rs 61 crore ($7 million).
GMO Venture Partners contributed the largest sum at Rs 26.1 crore ($3 million). Blume Ventures followed with Rs 17.4 crore ($2 million), while SMBC Asia invested Rs 12 crore ($1.4 million). Additional participation came from India Quotient, Infinite Club Angel Fund, Digilet Labs and other backers.
The round has effectively doubled DPDzero’s valuation to around Rs 261 crore ($30.7 million), up from Rs 114.7 crore at the time of its seed raise in October 2023. Following this allotment, Blume Ventures has become the company’s largest external shareholder.
GMO Venture Partners and SMBC Asia now hold stakes of 10 per cent and 4.59 per cent respectively.
Co-founders Ananth Shroff and Ranjith B.R together retain 46.6 per cent of the company, while its employee stock option pool stands at 7.66 per cent, valued at roughly Rs 20 crore.
According to some sources, DPDzero has raised close to Rs 90 crore ($10.75 million) in total so far, including its $3.25 million seed round led by Blume Ventures and India Quotient.
DPDzero has built an AI-powered platform that helps lenders streamline their collection processes, monitor performance, and manage loan portfolios. Its tools include automated allocation through AI, voice-based assistance, payment reward features, third-party integrations and APIs.
For the financial year ending March 2024, the start-up nearly doubled its revenue to Rs 7.9 crore, though it reported a modest loss of Rs 8.2 lakh. Figures for FY25 are yet to be disclosed.
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