Latest news with #InfoEdgeVentures
Time of India
3 days ago
- Business
- Time of India
Decentro raises Rs 30 crore, plans reverse flip to India
Representative image Bengaluru: Fintech infrastructure startup Decentro has raised Rs 30 crore in a Series B funding round led by InfoEdge Ventures, with participation from Stargazer Growth and existing backers such as Uncorrelated Ventures. As part of the move, the company also plans to reverse flip its parent entity from Singapore back to India within the next 12-18 months. The Bengaluru-headquartered API platform, which powers over Rs 50,000 crore in annual payment volumes across over 1,300 clients, said it has turned profitable and will use the new capital to deepen enterprise adoption across KYC, payments and debt collections. Founded by Rohit Taneja and Pratik Daudkhane, Decentro has positioned itself as a backend fintech infrastructure player, powering banking and financial workflows for NBFCs, fintech firms, digital lenders, and banks. 'This fundraise allows us to double down on deep partnerships with enterprise customers and build products that power mission-critical financial flows,' said Taneja. As part of its product expansion, the company has recently rolled out two AI-powered modules – Scanner, a real-time user profiling and risk engine, and Neobot, a multilingual AI voice agent aimed at automating debt collections. Neobot targets India's Rs 10 lakh crore non-performing asset (NPA) burden by providing voice-based recovery support for lenders. The company's payments stack remains its largest revenue contributor. Decentro said the new funds will also be deployed to strengthen its go-to-market efforts across financial institutions. With its planned flip to India, Decentro joins a growing number of fintech startups choosing to domicile locally amid a maturing ecosystem and evolving regulatory landscape. 'We are building not just for India, but from India for global opportunities,' said Daudkhane. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Entrepreneur
3 days ago
- Business
- Entrepreneur
Decentro Raises INR 30 Cr in Series B Round to Strengthen Financial Infrastructure
The Series B round was led by InfoEdge Ventures, with participation from Stargazer Growth (backed by Groww CEO Lalit Keshre) and existing investor Uncorrelated Ventures. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Y Combinator-backed fintech startup Decentro has raised INR 30 crore in its Series B funding round led by InfoEdge Ventures, with participation from Stargazer Growth (backed by Groww CEO Lalit Keshre) and existing investor Uncorrelated Ventures. The funds will be deployed to enhance enterprise adoption, scale product capabilities, and expand go-to-market initiatives across financial institutions, including banks, NBFCs, digital lenders, and fintech platforms. The investment underscores Decentro's mission to become India's operating system for financial infrastructure. "Our goal has always been to make financial and banking infrastructure simple, secure, and reliable at scale," said Rohit Taneja, Co-founder and CEO of Decentro. "This fundraise allows us to double down on what's working—deep partnerships with enterprise customers and products that power mission-critical financial flows." Founded in 2020 by Rohit Taneja and Pratik Daudkhane, Decentro offers a comprehensive API banking platform that enables consumer and business verification, payment collections and disbursals, and AI-powered debt recovery. The startup claims to process INR 50,000 crore annually in payment volumes and serve over 1,300 businesses. Recent product innovations include: Scanner : A real-time user profiling and risk assessment engine used across BFSI and e-commerce sectors. : A real-time user profiling and risk assessment engine used across BFSI and e-commerce sectors. Neobot: India's first multilingual AI voice agent for automated debt collections, tackling the nation's INR 10+ lakh crore NPA problem. Payments remain Decentro's largest revenue driver, with its AI products witnessing rapid adoption. Signaling its long-term commitment to India, Decentro announced plans to relocate its parent entity from Singapore to India within the next 12–18 months. "This flip is a strong statement of our belief in India's capacity to foster and scale global financial infrastructure companies," said Daudkhane. The Series B round not only strengthens Decentro's position in India's fintech landscape but also reinforces the emerging investor confidence in infrastructure-first fintech startups—those powering the backend rather than competing for front-end consumer attention.
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Fintech firm Decentro initiates reverse-flip process from Singapore
This comes at a time when the Bengaluru-based firm is raising about ₹30 crore as part of the Series-B funding round led by InfoEdge Ventures Ajinkya Kawale Mumbai Listen to This Article Fintech firm Decentro has initiated its reverse flip, starting the process to shift its jurisdiction from Singapore to India within the next 12 months, a senior company executive said. This comes at a time when the Bengaluru-based firm is raising about ₹30 crore as part of the Series-B funding round led by InfoEdge Ventures along with Groww founder Lalit Keshre's fund Stargazer Growth, and existing investors. The latest round of funding will enable the company to scale its existing line of products, including Know Your Customer (KYC) and onboarding, debt collections, and payments. 'I feel the (flip) can be done
