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Funding · Financial Services

Credilio raises ₹30 crore Series A round

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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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