The pre-seed round of funding for Roopya, a provider of infrastructure as service and lending analytics, was led by 100X.VC and totalled Rs 5.09 crore. In addition to these notable investors, KRS Jamwal, SAT Industries, Vishal Khare of Snyk, Shavdia Ventures, and others took part in the round.
The money raised will be used to expand the lending infrastructure’s analytics and product layers, the company said in a press release. A data infrastructure for lenders and loan service providers (LSPs) will also be built with the help of the capital.
The on-demand risk scorecards, lending analytics, early warning systems, LoS, CRM, business rules engine (BRE), pre-approval management, offer management, and mandate execution features of Roopya, which was introduced by Raman Vig and Sudipta K Ghosh in April 2023, are used by both lenders and LSPs.
The platform asserts that it enables access to lending infrastructure and risk analytics on SaaS for lenders of all sizes and more than 100,000 LSPs. More than 25 customers, including lenders and LSPs, have signed up so far.
Venture capital firm 100X.This year, VC has supported numerous startups. Among the brands on the list are 50Fin, Minifeel, Vodex, ThinkMetal, Luzo, Dr. Mantra, and abCoffee.
The fund, which was established using a cohort-based investment model, announced its first batch of 20 early-stage startups in December 2019.
