Bengaluru-based fintech startup DPDzero has secured $7 million in a funding round led by GMO Venture Partners, a Japan-headquartered venture capital firm with a strong focus on fintech. The round also saw continued backing from SMBC Asia and Blume Ventures, both of which increased their investments from previous rounds, along with participation from other investors.
Key Highlights
- DPDzero raises $7 million funding led by GMO Venture Partners, with participation from SMBC Asia, Blume Ventures.
- Fresh capital will fund field agent expansion and support AI-driven debt collection services across India.
Founded in 2022 by Ananth Shroff and Ranjith Ramchandra, DPDzero leverages a hybrid model of artificial intelligence and human agents to assist banks, NBFCs, MFIs, and fintechs with efficient and ethical debt collection processes. Its current clients include major financial institutions like RBL Bank, IndusInd Bank, L&T Finance, and Manappuram Finance.
The fresh capital will be used to build a dedicated field agent network, starting with Bengaluru, and later expanding into key lending markets such as Maharashtra and Uttar Pradesh. The goal is to bring transparency and ethical practices to end-to-end collections for banks and NBFCs across India.
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DPDzero has already raised $4.7 million in prior funding from investors including Better Capital, India Quotient, and Anmol Maini Ventures, according to Tracxn. The platform currently facilitates collections for over 18 lakh borrowers each month and has processed debt recovery for more than 1 crore borrowers to date. The company now plans to extend its services to include credit card debt collections in addition to personal loans.
Ryu Muramatsu, Founding Partner at GMO Venture Partners, spoke about the investment: "For the past decade, we have been committed to India's fintech ecosystem. As the credit landscape evolves, collections remain an underserved frontier. We are pleased to support DPDzero's vision of transforming the debt recovery industry in India."
