Velocity

About

Velocity provides revenue-based financing to online businesses.

Bengaluru,Karnataka,India
https://www.velocity.in

Highlights

Details

Last Funding Type: Seed
Industries: Credit,Finance,Financial Services,FinTech
Founded date: Jan 1, 2020
Operating Status: Active

Velocity provides revenue-based financing to online businesses. It aims to build the future of banking and financial services for new-age businesses in India. The company was founded by Abhiroop Medhekar, Atul Khichariya, and Saurav Swaroop in 2020.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

$30.30M

Velocity has raised a total of $30.30M in funding over 2 rounds. Their latest funding was raised on Nov 16, 2021 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 16, 2021	Series A	$20M	6	Valar Ventures	—	Detail
Mar 24, 2021	Seed	$10.30M	11	Valar Ventures	—	Detail
Feb 13, 2020	Seed	—	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

11

9

Velocity has made 11 investments. Their most recent investment was on Nov 29, 2022, when Suwasthi raised ₹20M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 29, 2022 Suwasthi	Debt Financing	₹20M	Nutrition	Yes
Aug 17, 2022 Zlade	Corporate Round	₹11M	Personal Health	Yes
Apr 27, 2022 French Crown	Corporate Round	₹20M	E-Commerce	Yes
Mar 20, 2022 JSB Healthcare	Corporate Round	₹25M	Consulting	Yes
Dec 17, 2021 The Clownfish	Corporate Round	—	Consumer Goods	Yes

Investors

Number of Lead Investors

Number of Investors

2

15

Velocity is funded by 15 investors. Valar Ventures and iSeed are the most recent investors.

Investor Name	Lead Investor	Funding Round
Valar Ventures	Yes	Series A
iSeed	—	Series A
Maninder Gulati	—	Series A
Philippe Teixeira da Mota	—	Series A
Presight Capital	—	Series A
Zac Prince	—	Series A
Dhruv Arora	—	Seed
Erik Podzuweit	—	Seed
Florian Prucker	—	Seed
GE32 Capital	—	Seed