FundingFinancial Services
OneStack raises ₹12.5 Cr for co-op banks
By Abha Lohia · Editor ·
OneStack: funding and every story →
MumbaiFounded 2019
- OneStack is a Mumbai fintech that gives small financial institutions digital banking, UPI and core banking software without building it themselves
- It raised ₹12.5 crore from new backer Shepherd's Hill, with existing investors Pentathlon Ventures and AVNM Ventures also putting in money
- The cash will fund product work in payments and compliance and a push to reach cooperative banks and NBFCs; total raised is now ₹45 crore
What happened
- OneStack raised ₹12.5 crore in a fresh round.
- Shepherd's Hill is a new investor; Pentathlon Ventures and AVNM Ventures returned.
- Money goes to product development in payments, core banking and compliance.
- The firm wants more cooperative banks and NBFCs on its platform.
Why it matters
- Small lenders often cannot build their own tech, so a shared platform lowers their cost.
- Co-op banks can act as UPI issuers and acquirers directly and keep customer data and merchant fee income.
The business
- OneStack supplies tech infrastructure for smaller financial institutions.
- Products include mobile banking, UPI issuing, QR payments, debit card management and the OneCBS core banking system.
The founders
AK
Amit Kapoor
FounderWho put in money
- Shepherd's Hill new investor
- Pentathlon Ventures existing investor, led Series A
- AVNM Ventures existing investor
In numbers
₹45 Cr over four roundsTotal raised · 2026
What happens next
- Extend the platform to NBFCs.
Earlier rounds
- $2M Series A, March 2025, led by Pentathlon Ventures
The numbers around it
OneStack has 2 funding rounds in StopDown's archive, ₹45 Cr over four rounds raised in all.
| When | Round | Amount | Led by |
|---|---|---|---|
| 3 February 2026 | Series A | Samved VC |
Financial Services in November 2026: 4 rounds with a disclosed amount, $166 million in all; the biggest was OnEMI (₹832 Cr). Every sector this year →
Terms in this story
- Fintech business model: Fintech startups in India earn in four main ways: a small fee on each payment, interest and fees on loans, commissions for selling insurance or investments, and subscriptions for software sold to banks and businesses. The number that matters most is the take rate, the share of each rupee processed that the company keeps.
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Everything on OneStack → · All startup news on 4 November 2026 →
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