Latest news with #RohitTaneja
Time of India
2 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
Time of India
2 days ago
- Business
- Time of India
Fintech startup Decentro raises Rs 30 crore, will shift domicile to India
Y Combinator-backed fintech startup Decentro has raised Rs 30 crore in a funding round led by InfoEdge Ventures . In making the announcement, the company also said it plans to shift its parent entity's domicile from Singapore to India over the next 12 to 18 months. The round saw Stargazer Growth (backed by Groww cofounder Lalit Keshre) and existing investors, including Uncorrelated Ventures, also participate. The fresh capital will be used by the Bengaluru-based company to deepen enterprise adoption and enhance its product capabilities, among other initiatives. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct Shopping From Adidas Franchise to 50% off Adidas Buy Now Undo Decentro claims to have achieved profitability and built a client base of over 1,300 enterprises, including banks, non-banking finance companies (NBFCs), and fintechs. Founded in 2020 by Rohit Taneja and Pratik Daudkhane, the company offers a suite of application programming interfaces (APIs) across customer onboarding through know your customer (KYC), data intelligence, payments, and debt collections. Live Events 'Our goal has always been to make financial and banking infrastructure simple, secure, and reliable at scale. This fundraise allows us to double down on what's working well; deep partnerships with enterprise customers and building products that power mission-critical financial flows,' said Taneja, who is the CEO of the firm. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 'India is where it all started, and we want to make this our long-term base with the eventual flip,' he added. Among Decentro's recent products are a real-time profiling engine called Scanner, and Neobot, a multilingual AI voice agent for automated debt collections. With the decision to relocate to India, Decentro joins a growing list of Indian startups shifting domicile from overseas markets like the US and Singapore as IPO ambitions rise and regulatory clarity improves. The latest fintech company to complete a reverse flip was Razorpay , following Groww, which completed the process in May 2024 and has since confidentially filed for an IPO with the Securities and Exchange Board of India (Sebi). Dream Sports, the parent of Dream11, was the first to complete a reverse flip under the new fast-track framework, as reported by ET on March 4. These updated rules allow foreign holding entities to merge with their Indian subsidiaries without requiring National Company Law Tribunal (NCLT) approval, a process that earlier took months. Other companies that have completed the move include PhonePe and Zepto, while Meesho, KreditBee, InMobi, Udaan, and Pine Labs are expected to follow soon. 'This flip is a strong statement of our commitment to India and our belief in its capacity to foster and scale global financial infrastructure companies. We are building not just for India, but from India for global opportunities,' said Daudkhane.
Entrepreneur
2 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.
