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§ Private Profile · Mumbai, Maharashtra, India
Mumbai-based fintech platform providing AI-driven financing and solutions for India's pharma supply chain retailers and distributors.
Founded in 2021 by Amit Chawla and Shreeram Ramanathan, Fundly is a Mumbai-based financial technology platform providing artificial intelligence financing solutions to pharmaceutical supply chain retailers and distributors. Operating primarily across southern and western India, the company helps healthcare micro, small, and medium enterprises manage cash flows, increase margins, and reduce operational friction through accessible credit and software tools. The lending enterprise has disbursed 140 crore rupees in working capital to an established network of more than two thousand retailers and over thirty distributors across nine regional cities. In July 2023, the previously bootstrapped business secured three million dollars in seed funding through a financing round led by Accel partner Mahendran Balachandran, alongside equity participation from Multiply Ventures. Following this investment, the company of 51 employees plans to expand geographically and build new technological offerings.
Fundly.ai has raised $3.0M across 1 funding round.
Fundly.ai has raised $3.0M in total across 1 funding round.
Fundly.ai has raised $3.0M in total across 1 funding round.
Fundly.ai's investors include Sarthak Singh, Multiply Ventures.
Fundly.ai has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in May 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 8, 2023 | $3M Seed | Sarthak Singh | Multiply Ventures | Announced |