Blostem bags pre-Series A funding led by Rainmatter
27 Nov 2025, 12:58 PMRainmatter has acquired 9% stake in the company as part of the investment.
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Banking infrastructure platform Blostem has raised an undisclosed amount in a pre-Series A funding round led by Rainmatter, Zerodha's investment arm.
Rainmatter has acquired 9% stake in the company as part of the investment, media reports said.
The startup plans to deploy the capital toward expanding its distribution network, strengthening banking partnerships, and launching new offerings such as FD-backed credit cards and Credit-on-UPI solutions.
The funds will also be used for hiring senior talent across technology, compliance, and partnership roles.
Blostem, which was founded by Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh in 2021, is a plug-and-play banking infrastructure that allows brokers, fintech applications, payment companies, and wealth management firms to offer digital retail banking products without needing to build separate integrations with individual banks.
Earlier in June, the startup had raised Rs 4 crore in seed funding led by AC Ventures and participation from existing investors MobiKwik and Kapil Bharti, co-founder of Delhivery.
Banking infrastructure platforms have been attracting venture interest. In August, TransBank raised $25 million led by Bessemer Venture Partners.
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