Funding · Financial Services
Credilio raises ₹30 crore Series A round
By Startup Enthusiast ·
- Date
- Company
- Credilio
- What it does
- Digital credit and card distribution platform
- Kind
- Funding
- Amount
- ₹30 crore
- Stage
- Series A
- Founded
- 2020
- Sector
- Financial Services
What they do
Credilio connects financial advisors, lenders, and consumers for credit card and loan distribution
What happened
It raised ₹30 crore ($3.3M) in Series A funding led by existing investor Cornerstone Ventures
Why it matters
The post-money valuation jumped 2.7X to ₹330 crore from its previous seed round
The details
- Credilio raised ₹30 crore ($3.3M) in a Series A round.
- The round was led by Cornerstone Ventures (₹20 crore) with participation from Ashra Private Equity Fund (₹10 crore).
- The company issued 2,481 CCCPS (compulsorily convertible cumulative preference shares) at ₹1,20,880 per share.
- Post-money valuation is ₹330 crore ($36.5M), a 2.7X jump from the previous seed round valuation of ₹120 crore.
- Cornerstone Ventures holds 17.90% and Ashra Private Equity Fund holds 3.03% on a fully diluted basis.
- The funds will be used for growth, expansion, and general corporate purposes; the company may raise additional capital.
- Credilio's FY25 revenue was ₹79.79 crore (flat vs FY24's ₹79.67 crore), and loss was ₹19.35 crore (slightly down from FY24).
The bigger picture
- The round marks a 2.7X valuation jump from the seed round, indicating strong investor confidence.
- Revenue remained flat in FY25, suggesting the company is focusing on profitability or consolidation.
- Cornerstone Ventures, an existing investor, led the round, showing continued backing.
About the business
- Credilio is a digital platform that connects financial advisors, lenders, and consumers.
- It facilitates distribution of credit cards and loans.
- The company was founded in 2020.
- It reported ₹79.79 crore revenue in FY25 and a loss of ₹19.35 crore.
What happens next
- Use funds for growth, expansion, and general corporate purposes.
- May raise additional capital in the future.
The deal
- Type
- Series A
Investors
- Cornerstone Ventures (lead) — Existing investor in Credilio; led the Series A round with ₹20 crore.
- Ashra Private Equity Fund (participated) — Participated with ₹10 crore; post-round stake is 3.03%.
Founders
- Aditya Gupta, Co-founder
- Anand Kapadia, Co-founder
- Sandeep Ghule, Co-founder
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