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MobiKwik-backed Blostem bags seed funding
30 Jun 2025, 07:17 PMThe latest funding round valued the Delhi-based startup at Rs 45 crore.
Arti Singh
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Blostem, a fintech infrastructure platform, has raised Rs 4 crore in seed funding led by AC Ventures with participation from earlier investors MobiKwik and Kapil Bharti, co-founder of Delhivery.
The latest funding round valued the Delhi-based startup at Rs 45 crore.
Blostem will use the funds to strengthen its fixed deposit (FD) services and boost the number of FD transactions on its partner platforms. It also aims to launch other financial products like savings and investment services.
The startup, which was founded in 2021 by Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh, helps businesses set up fixed deposits with ease.
“Fixed deposits have long been one of the most trusted investment options in India, but access has largely remained within traditional banking ecosystems. At Blostem, our vision is to make fixed deposits — and eventually other banking products — available on every digital platform in India, through a single, compliant, and seamless infrastructure & experience layer,” said Ravi Jain, co-founder and MD of Blostem.
AC Ventures said that Blostem is building the rails that will power the next wave of financial products in India with real-time integrations, compliance-first architecture, and a deep focus on distribution.
Blostem aims to manager over 40% of the digital fixed deposit volume in India.
Earlier this year, the listed fintech major MobiKwik had said it intends to invest a total of Rs 1.49 crore in Blostem for a 3.39% stake. This was part of the earlier agreement when MobiKwik had committed to invest Rs 3 crore in Blostem in two tranches. The first tranche of Rs 1.5 crore was paid in March last year.
Recent early-stage funding rounds in fintech companies in India include in integrated business payments platform Pazy, crypto neobank startup PlutoPe and fintech platform Saswat Finance.
The author is Founder and Editor of The Head and Tale. She can be reached at
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