Total amount raised
₹123 Million
Latest funding date
6/1/2023
Location
Volt Money has successfully raised funding through a Pre-Seed round, involving nine investors, with Gemba Capital and Ashish Kehair being the most recent backers. The platform specializes in offering instant secured loans against mutual funds, providing a seamless and efficient financial service.
Keep reading to explore the intricacies of Volt Money's fundraising journey and the investors backing this innovative platform.
What Is Volt Money?
Volt Money is a financial services platform based in Bangalore, Karnataka, India. The company specializes in providing instant secured loans against mutual funds, offering a seamless and efficient financial service.
With an employee count ranging from 11 to 50, Volt Money operates in the finance and financial services industry. The platform is designed to be easy, fast, and secure, featuring low-interest rates, flexible withdrawal, and a paperless process.
Volt Money has been acquired by DSP Mutual Fund and is currently in the Pre-Seed funding stage. The company has raised funding from nine investors, including Gemba Capital and Ashish Kehair.
How Much Funding Has Volt Money Raised?
- Pre-Seed Round
- Amount Raised: $1.5 million
- Date: June 20, 2023
- Lead Investors: Titan Capital, All In Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds will be used to recruit key personnel for product development and to establish beneficial partnerships.
Total Amount Raised: $1.5 million. Current Valuation: Not publicly disclosed.
Key Investors
- Titan Capital
- Details: Titan Capital is a venture capital firm that has invested in over 200 businesses across various sectors. They were one of the lead investors in Volt Money's pre-seed round.
- Investment Focus Areas: Consumer internet, direct-to-consumer brands, SaaS, fintech.
- Notable Investments: Mamaearth, OfBusiness, DealShare, Ola, Snapdeal, Razorpay, Urban Company.
- All In Capital
- Details: All In Capital is a venture capital firm that participated as a lead investor in Volt Money's pre-seed funding round. Specific details about their other investments are not provided.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- Gemba Capital
- Details: Gemba Capital is a venture capital firm that participated in Volt Money's pre-seed funding round. Specific details about their other investments are not provided.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- Ashish Kehair and Rahul Jain from Nuvama Wealth
- Details: Ashish Kehair and Rahul Jain are individual investors from Nuvama Wealth who participated in Volt Money's pre-seed funding round. Specific details about their other investments are not provided.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- Kunal Shah from Cred
- Details: Kunal Shah is the founder of Cred, a well-known fintech company. He participated in Volt Money's pre-seed funding round.
- Investment Focus Areas: Fintech.
- Notable Investments: Not specified.
What's Next for Volt Money?
Volt Money stands at the cusp of significant growth opportunities. By leveraging advanced digital infrastructures for KYC and account aggregation, the company aims to disrupt the instant secured loans market in India. With partnerships already established with lenders like Bajaj Finserv, Volt Money is well-positioned to expand its customer base across more cities, offering loans ranging from Rs 25,000 to Rs 2 crore.
Future fundraising rounds seem promising, given the successful pre-seed round and the involvement of high-profile investors. As the company scales, it is likely to attract further investment, potentially leading to Series A and beyond. However, challenges such as regulatory hurdles and competition from other fintech companies could pose obstacles. Ensuring robust digital infrastructure and maintaining investor trust will be crucial for sustained growth.
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