DPDzero co-founders dilute over 45% stake after Series A round

Fintech startup DPDzero recently raised $7 million in its Series A round, led by Japan-based GMO Venture Partners, with participation from SMBC Asia and existing backer Blume Ventures.

Apart from naming the investors, the company withheld further details. However, Entrackr’s analysis of regulatory filings brings key insights such as the funding round breakup, shareholding pattern, and current valuation.

The DPDzero’s board approved the allotment of 21,709 Series A CCCPS at an issuance price of Rs 24,364 each to raise Rs 52.89 crore or $6.2 million. With the prior Rs 8 crore allotment, the total funding in the round stood at Rs 61 crore or $7 million, as per filings with the Registrar of Companies (RoC).

Japan-based GMO Venture Partners spearheaded the round with an investment of Rs 26.1 crore ($3 million), followed by existing investor Blume Ventures and SMBC Asia, which contributed Rs 17.4 crore ($2 million) and Rs 12 crore ($1.4 million), respectively. The remaining amount was raised from India Quotient, Infinite Club Angel Fund, Digilet Labs, and others. 

Entrackr estimates that DPDzero’s valuation has doubled to Rs 261 crore ($30.7 million) post-allotment, up from Rs 114.7 crore during its seed round in October 2023.

Post-allotment, Blume Ventures emerged as the largest external shareholder in DPDzero, while new investors GMO Venture Partners and SMBC Asia hold 10% and 4.59% stakes, respectively. Co-founders Ananth Shroff and Ranjith B.R. together retain a 46.6% stake, while the company has an ESOP pool of 7.66%, valued at around Rs 20 crore.

As per startup data intelligence platform TheKredible, DPDzero has raised around Rs 90 crore or $10.75 million to date, including its $3.25 million seed round led by Blume Ventures and IndiaQuotient.

Founded in 2022, DPDzero offers an AI-driven collection management platform for lenders, automating collections, tracking performance, and managing portfolios. Features include third-party payment integration, AI-based allocation, voice assistance, payment rewards, and APIs. 

For the fiscal year ended March 2024, the Bengaluru-based company doubled its revenue to Rs 7.9 crore while posting a loss of Rs 8.2 lakh. DPDzero has not yet reported its FY25 results