Blostem raises seed round led by AC Ventures

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Here’s a breakdown based on the provided information:

Startup Information

  • Startup Name: Blostem
  • Founded: September 2021
  • Founders:
    • Ravi Jain
    • Sandeep Garg
    • Uday Sharma
    • Pankaj Pratap Singh
  • Business Model: B2B infrastructure platform for fixed deposit (FD) distribution

Fundraising Information

  • Funding Round: Seed funding
  • Total Amount Raised: ₹4 crore
  • Valuation: ₹45 crore
  • Date of Funding: Not specified in the text

Investors

  • Lead Investor: AC Ventures
  • Additional Investors:
    • Mobikwik
    • Kapil Bharti (co-founder of Delhivery)

Purpose of Funds

  • Strengthening the FD offering
  • Scaling up FD transaction volumes across partner platforms
  • Expanding into other banking, investment, and savings products

Partnerships

  • Current partnerships: Approximately 10 Banks & NBFCs
  • Over 30 B2C platforms using the Blostem platform

If you need further details or clarifications, feel free to ask!

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2025-06-30 08:40:59