Source: Entrackr
New Delhi, June 30, 2025 — Delhi-based fintech startup Blostem has successfully raised ₹4 crore in seed funding, with the latest round led by AC Ventures, and also saw participation from earlier investors Mobikwik and Kapil Bharti, co-founder of Delhivery. Following this round, Blostem’s current valuation is around ₹45 crore.
Blostem says it will use the new funding to enhance its fixed deposit (FD) services, grow the number of FD transactions on its partner platforms, and branch into other financial products such as savings and investment services.
How Blostem Works
Blostem is a B2B (business-to-business) platform that helps other businesses set up fixed deposits with ease. It was founded in September 2021 by Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh.
The company has built a plug-and-play infrastructure that allows digital platforms like stock brokers, payment apps, and wealth platforms to offer multiple banks and NBFCs (Non-Banking Financial Companies) fully digital FDs all in one integration. They don’t have to make a partnership with every bank or NBFC, so it saves them time and effort.
Making Fixed Deposits Easier
Blostem is here to fix a common pain point. Right now, when a company wants to offer Fixed Deposits (FDs), they need to get in touch with each bank, one at a time. Blostem acts as a facilitator, making it easy for companies to offer FDs by providing only one connection to Blostem. By establishing a connection with Blostem, the company can offer FDs through several banks and NBFCs. Similarly, banks and NBFCs can offer their FDs to thousands of potential customers through a simple connection.
Blostem is already connected to Mobikwik, Upstox, and Centricity Wealth, and has partnered with about 10 banks and NBFCs. There are more than 30 consumer-facing platforms using Blostem services.
Blostem’s Vision
“Fixed deposits have long been one of the most trusted investment options in India, but access has largely remained within traditional banking ecosystems. At Blostem, our vision is to make fixed deposits — and eventually other banking products — available on every digital platform in India, through a single, compliant, and seamless infrastructure & experience layer,” said Ravi Jain, co-founder and MD of Blostem.
In the future, Blostem aspires to manage over 40% of the digital fixed deposit volume in India and will continue to grow and expand its footprint.
