DPDzero Raises $3.25 Million in Seed Round

by Kay Aloha Villamor in October 10th, 2023

DPDzero, a Bangalore, India-based fintech startup focused on collections and debt recovery, has raised $3.25 million in seed funding.

SaaS Investors

The round was led by Blume Ventures and IndiaQuotient, with participation from industry leaders such as Sunil Gulati and Nikhil Kumar.

Founded in 2010, Blume Ventures is a venture capital firm that backs startups with both funding as well as active mentoring. Based in Mumbai, India, the firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies.

India Quotient is a new type of early-stage investor. They fund companies building disruptive businesses aimed at Indian consumers. The firm seeks to invest in companies operating in the fintech, edtech, health tech, consumer brands, consumer internet, social networks, hardware, logistics, marketplaces, SaaS, online-first brands, services, and b2b sectors.

DPDzero Use of Funds

The company plans to use the funds to enhance product distribution, expedite product development, and assemble a high-caliber team.

About DPDzero

Founded in 2022 by Ananth Shroff and Ranjith BR, DPDzero is a GPT-enabled collections and debt recovery platform enabling lenders to scale collections ethically and efficiently. Its mission is to enable lenders to bridge the credit gap by making lending more affordable. The company helps financial institutions such as banks, fintechs, NBFCs, and MFIs to bring their capital back across all types of loan products.

Funding Details

Company: DPDzero Technologies Pvt Ltd.

Raised: $3.25M

Round: Blume Ventures and IndiaQuotient

Funding Month: October 2023

Lead Investors: Blume Ventures and IndiaQuotient

Additional Investors: Sunil Gulati and Nikhil Kumar

Company Website: https://www.dpdzero.com/ 

Software Category: AI-powered Collections and Debt Recovery Platform

Source: https://www.dpdzero.com/blogs/fintech-startup-dpdzero-raises-3-25-million-in-funding-round-led-by-blume-ventures-indiaquotient/ 

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