Velocity

investment firm

About

Velocity provides revenue-based financing to online businesses.

Details

Last Funding Type
Seed
Industries
Credit,Finance,Financial Services,FinTech
Founded date
Jan 1, 2020
Operating Status
Active

Velocity provides revenue-based financing to online businesses. It aims to build the future of banking and financial services for new-age businesses in India. The company was founded by Abhiroop Medhekar, Atul Khichariya, and Saurav Swaroop in 2020.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$30.30M
Velocity has raised a total of $30.30M in funding over 2 rounds. Their latest funding was raised on Nov 16, 2021 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 16, 2021 Series A $20M 6 Valar Ventures Detail
Mar 24, 2021 Seed $10.30M 11 Valar Ventures Detail
Feb 13, 2020 Seed 1 Detail

Investments

Number of Investments
Number of Lead Investments
11
9
Velocity has made 11 investments. Their most recent investment was on Nov 29, 2022, when Suwasthi raised ₹20M.
Date Company Name
Round Money Raised Industry Lead Investor
Nov 29, 2022 Suwasthi
Debt Financing ₹20M Nutrition Yes
Aug 17, 2022 Zlade
Corporate Round ₹11M Personal Health Yes
Apr 27, 2022 French Crown
Corporate Round ₹20M E-Commerce Yes
Mar 20, 2022 JSB Healthcare
Corporate Round ₹25M Consulting Yes
Dec 17, 2021 The Clownfish
Corporate Round Consumer Goods Yes

Investors

Number of Lead Investors
Number of Investors
2
15
Velocity is funded by 15 investors. Valar Ventures and iSeed are the most recent investors.
Investor Name Lead Investor Funding Round
Valar Ventures Yes Series A
iSeed Series A
Maninder Gulati Series A
Philippe Teixeira da Mota Series A
Presight Capital Series A
Zac Prince Series A
Dhruv Arora Seed
Erik Podzuweit Seed
Florian Prucker Seed
GE32 Capital Seed

Employee Profiles

Number of Employee Profiles
2
Velocity has 2 current employee profiles, including Executive Abhiroop Medhekar
Executive
Employee