Post the successful roadshow organised by Venture Gurukool in the first week of November in Beijing, Venture Gurukool’s portfolio company Olly Credit, a fintech startup based out of New Delhi that offers micro credit cards, has raised an undisclosed amount of funding its latest pre-Series A round from a significant strategic Chinese investor.
Olly had raised an undisclosed amount of funding in a previous seed round led by Incubate Fund; Mahendra Swarup, a prolific angel investor and President, Start-up India Association and former Kotak Mahindra Asset Management Company CEO Sandesh Kirkire.
Olly Credit was founded in 2015 by Ashwin Bhambri, Ringaile Noq and Anand Kumar, It is a mobile-first platform that offers micro credit card with a dynamic credit limit of $307.4 (INR 20,000). The startup caters primarily to young blue-collar professionals with a minimum monthly salary of $169 (INR 11,000).
