Student loan platform Pocketly raises $1-M in equity from Dholakia Ventures, others

Bengaluru-based fintech lending platform Pocketly has raised USD 1 million in equity and USD 2 million in debt as part of its pre-Series A round. The round was led by Dholakia Ventures, with participation from angels Kunal Shah, Apurva Parekh (Pidilite), Siddharth Somaiya (Organic Riot) and Aaryaman Vir Shah. Founded by Aarav Bhatia and Navdeesh Ahuja in 2019, Pocketly provides a credit line with a fully digital and automated process through its platform for young adults underserved by banks. It claims to have grown 10x over last year.