Mumbai-based fintech startup Credilio has raised ₹30 crore (around $3.3 million) in its Series A funding round, led by existing investor Cornerstone Ventures, with participation from Ashra Private Equity Fund.
The latest funding round has significantly boosted the company’s valuation, reflecting strong investor confidence in its credit distribution platform.
Valuation Jumps 2.7X After Funding
With this Series A investment, Credilio’s valuation has increased sharply.
- Current valuation: ₹330 crore (~$36.5 million)
- Previous valuation (Seed round): ₹120 crore
This marks a 2.7X growth in valuation, highlighting the startup’s growing presence in India’s fintech ecosystem.
Funding Details
According to regulatory filings, the company issued 2,481 CCCPS (Compulsory Convertible Cumulative Preference Shares) at a price of ₹1,20,880 per share.
Investor Breakdown:
- Cornerstone Ventures: ₹20 crore
- Ashra Private Equity Fund: ₹10 crore
The company may also raise additional capital as part of the ongoing funding round.
Use of Funds
Credilio plans to utilize the fresh capital for:
- Business expansion
- Platform growth
- Technology development
- General corporate purposes
The funding will help the company strengthen its position in India’s rapidly growing digital lending and credit marketplace.
About Credilio
Founded in 2020 by Aditya Gupta, Sandeep Ghule, and Anand Kapadia, Credilio operates a digital credit distribution platform.
The platform connects:
- Financial advisors
- Lenders
- Consumers
This enables seamless distribution of:
- Credit cards
- Personal loans
- Other financial products
Credilio aims to simplify the lending ecosystem by creating a unified platform for credit access and distribution.
Shareholding Structure
After the latest funding round:
- Cornerstone Ventures: 17.90% stake
- Ashra PE Fund: 3.03% stake
- Co-founders (each): 12.21%
This reflects continued backing from early investors while maintaining strong founder ownership.
Previous Funding
Before Series A, Credilio had raised approximately $4 million (₹30 crore) in its pre-Series A round from:
- Cornerstone Venture Partners
- Exfinity Venture Partners
- Mukul Agarwal (Param Capital)
The continued participation of existing investors signals confidence in the company’s long-term vision.
Financial Performance
Credilio reported stable revenue in FY25:
- Revenue: ₹79.79 crore (FY25) vs ₹79.67 crore (FY24)
- Net Loss: ₹19.35 crore (slight improvement)
While revenue remained flat, the company managed to reduce its losses, indicating better cost control and operational efficiency.
Growing Fintech Credit Market
India’s digital lending and credit distribution market is expanding rapidly, driven by:
- Increased digital adoption
- Growing demand for personal credit
- Expansion of fintech platforms
Startups like Credilio are playing a key role in connecting lenders with underserved consumers through technology-driven solutions.
Conclusion
With its ₹30 crore Series A funding and 2.7X valuation jump, Credilio is strengthening its position in India’s fintech ecosystem.
The company’s focus on simplifying credit distribution through a digital platform could help it scale further as demand for financial products continues to grow.
