VC Fund Investments
Debt recovery enabler DPDzero attracts $3.25 M led by Blume Ventures, India Quotient
Bengaluru-headquartered fintech startup DPDzero has raised USD 3.25 million in a seed funding round led by Blume Ventures and India Quotient. Angel investors Sunil Gulati and Nikhil Kumar (fintech startup Setu's co-founder) also participated in the funding round. Founded in 2022 by Ananth Shroff and Ranjith Ramachandra, DPDzero aims to fix the root cause of delayed repayments via its AI-enabled collections and debt recovery platform. The startup handles delinquencies across all stages and claims to have developed a behavioural model to predict and prevent defaults.
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