Blostem Nets ₹4 Cr Seed Funding Led by AC Ventures
AC Ventures leads the seed round with participation from angel investors, fuelling Blostem's expansion into new banking product verticals.
Blostem Closes ₹4 Crore Seed Round
Blostem has raised ₹4 crore in seed funding led by AC Ventures, with participation from a syndicate of prominent angel investors in the fintech space.
The seed round marks a critical milestone for the company, providing the capital needed to scale its banking infrastructure platform and onboard more bank partners.
How the Capital Will Be Deployed
The funding will be used across three key areas:
- Engineering: Expanding the core API platform to support additional banking products beyond Fixed Deposits
- Bank partnerships: Onboarding new bank and NBFC partners to broaden the product catalogue
- Go-to-market: Building the sales and partnership team to accelerate fintech platform acquisition
AC Ventures' Bet on Banking Infrastructure
AC Ventures has been an active investor in Southeast Asian and Indian fintech, with a portfolio spanning payments, lending, and wealth management. Their investment in Blostem reflects a growing conviction that banking product distribution needs its own infrastructure layer.
The Road from Seed to Scale
With this funding, Blostem aims to:
- Grow from 5 to 10+ bank partners
- Launch Recurring Deposits as the second product vertical
- Achieve 30+ fintech platform integrations
- Build the compliance and operational infrastructure needed for scale
The seed round sets the stage for Blostem's journey from a promising startup to a foundational piece of India's fintech infrastructure stack.