With participation from longtime investor Xponentia Capital, digital lending startup Zype has raised Rs 90 crore (roughly $10.2 million) in a new funding round led by Japanese venture capital firm Unleash Capital Partners.
Key Highlights
- Zype raises ₹90 crore in new equity round led by Unleash Capital Partners.
- Existing investor Xponentia Capital participated; funds will drive expansion of digital lending services.
Founded in 2022 and headquartered in Mumbai, Zype has raised a total of ₹236 crore in equity funding to date, with Unitus Capital acting as the sole advisor for the latest transaction.
Since securing its NBFC (Non-Banking Financial Company) license in 2023, Zype has focused on offering unsecured personal loans to young, salaried professionals for needs such as medical expenses, home renovations, and weddings.
Competing with players like Fibe and KreditBee, Zype currently manages assets under management (AUM) of ₹400 crore and has disbursed over ₹1,300 crore in loans.
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The startup has achieved an annual recurring revenue (ARR) run rate of ₹150 crore and reached breakeven in the final quarter of FY25. It expects to start reporting net profits in FY26.
In order to obtain additional bank and NBFC loans, Zype hopes to continue turning a profit while enhancing its credit.
