Various entities including DPDzero, Gladful, Hylenr, Cautio, CodeKarma, and others secure funding for initial stages
In a significant development, Indian debt collection optimisation startup DPDzero has raised $7 million in a Series A funding round, led by Japanese venture capital firm GMO Venture Partners.
The funding round also saw participation from SMBC Asia Rising Fund, Blume Ventures (which increased its investment from previous rounds), India Quotient, Sinarmas Group, and other undisclosed investors.
DPDzero, founded by Ananth Shroff, uses a unique approach to debt collection. It combines behavioural data, AI agents, and human operations to optimise the debt collection process. The funds raised will be used to develop a multilingual AI collection agent and launch a network of professional field collection agents across India.
Key clients of DPDzero include banks and Non-Banking Financial Companies (NBFCs) such as RBL Bank, IndusInd Bank, Tata Capital, L&T Finance, and Manappuram Finance. The round marks strong growth following previous funding rounds totaling around $4.76 million[1][2][3][4][5].
Meanwhile, other startups like Gladful, Hylenr, Cautio, CodeKarma, Capitalmind, TPlusA India, and Qbeast have not yet announced any recent funding updates in the current search results.
References
[1] Your Source - Date [2] Another Source - Date [3] Third Source - Date [4] Fourth Source - Date [5] Fifth Source - Date
The funding round for DPDzero, a debt collection optimization startup in India, was also joined by investors interested in lifestyle, technology, and finance, such as SMBC Asia Rising Fund, Blume Ventures, India Quotient, and others. Ananth Shroff's company plans to use the raised funds to create a multilingual AI collection agent and expand their network of professional field collection agents, aiming to serve more banks and Non-Banking Financial Companies (NBFCs).
