Roopya, a provider of infrastructure as a service and analytics, secured Rs 5.09 crore in a pre-seed round of funding that was led by 100X.VC. KRS Jamwal, executive director of Tata Industries, SAT Industries, Vishal Khare of Snyk, Shavdia Ventures, and numerous other renowned investors also participated in the round.
The business intends to use the money to expand its lending infrastructure, adding additional services and analytics layers. Additionally, it plans to invest in developing an information system for lenders and lending service providers (LSPs) with the money it has available.
Raman Vig, co-founder and CEO of Roopya, said, “Roopya aims to become an end-to-end lending infra and analytics player covering all aspects of lending like origination, underwriting, early warning, collection, and cross-sell. We intend to catalyse large-scale financial inclusion in the country, and we are confident this funding will help us reach one step closer to our goals.”
The business gives lenders insight and analytics through SaaS (Roopya is a designated user under the RBI CICRA Act 2005). On a self-service platform, it gives lenders access to prior authorization, scorecard, KYC, and BRE on a sizable pool of borrowers almost immediately.
Ninad Karpe, partner, 100X.VC, said, “In the highly competitive and volatile market, Roopya has established a strong position, seamlessly serving both lenders and Loan Service Providers (LSPs). The platform is on its way to catalyse large-scale financial inclusion in India, and we are thrilled to support them in their growth journey.”
Sudipta K Ghosh, the co-founder of Roopya, said, “The Roopya platform is unique in terms of providing a SaaS-based Infra layer, Analytics layer, and Distribution layer for the Lenders and LSPs. The analytics layer is powered by the specified user status of Roopya, which helps us position uniquely with our lender customers. We have built a robust client base over the years and intend to utilize the funding to expand and enhance our product offerings to service our customers better.”
Raman Vig and Sudipta K Ghosh founded Roopya in 2023. It has Analytics as a Service, Infrastructure, and Network/Distribution layers.
On a self-service platform, Roopya gives lenders access to preapproval, scorecards, KYC, and BRE on a sizable pool of borrowers almost immediately. More than 25 customers, including lenders and LSPs, have signed up so far.