Microlending platform for students Pocketly raises funding from Micro VCs, angels

Bengaluru-based microlending platform for college students Pocketly has raised a seed round led by angel investors Ashneer Grover (BharatPe), Jaimin Bhatt (Kotak Bank), Siddharth Somaiya (Organic Riot), and Gaurang Shetty (RIIDL). Other investors in the round included Micro VCs such as Prophetic Ventures, Dholakiya Ventures, RIIDL, and Scale VC. The moneylending platform was founded by Aarav Bhatia and Navdeesh Ahuja in 2019 with the aim to empower students and young adults by providing them with alternative credit and financial products. Pocketly had previously raised funding from 100X.VC as part of the fund's class 01 portfolio earlier in 2019.