Olyv Series C Extension Adds Rs 57.62 Cr From Nippon India

Bengaluru-based lending app Olyv has raised Rs 57.62 Cr in an extended Series C round, with Nippon India Digital putting in Rs 50 Cr.

The round extends the Rs 207 Cr Series C that Fundamentum led in February 2026. Olyv’s share allotment filing prices the new shares at Rs 22,985.82 each.

In February those shares went at Rs 23,506 each. The new price is 2.2% lower. Nine months of work did not lift what one share is worth.

The fresh shares value Olyv at about Rs 1,104 Cr, against Rs 1,045 Cr in February 2026. That is a rise of 5.6% in nine months.

Olyv allotted 25,057 compulsorily convertible preference shares and 10 equity shares to close the round. Nippon India Digital paid Rs 50 Cr for its part, and Fundamentum added Rs 7.62 Cr.

Nippon India Digital now holds 4.53% of Olyv and joins the cap table for the first time. Fundamentum’s holding moved up from 11.48% to 12.47%.

Olyv Series C Extension Takes the Round to Rs 264.62 Cr

The money is for general corporate needs, the filing says. Olyv reported revenue of Rs 338 Cr in FY25, up 36% from Rs 249 Cr in FY24. Net profit was Rs 26 Cr.

By February 2026, Olyv had paid out about 70 lakh loans, worth more than Rs 10,000 Cr in total. The app had crossed 5 crore downloads by then.

Olyv has now taken Rs 264.62 Cr across the Series C and its extension, by StartupFeed’s count. Before the rebrand, Olyv traded as SmartCoin, and it sells small personal loans through its app.

Rohit Garg, co-founder and chief executive of Olyv, runs the business from Bengaluru. Olyv’s FY26 numbers are not filed yet, so the next real test of the price per share is that filing.

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