Blostem, a leading B2B infrastructure platform for fixed deposit (FD) distribution, has secured fresh seed funding from AC Ventures, further strengthening its efforts to revolutionize how FDs are offered and accessed in India. This latest investment adds to earlier backing from Mobikwik and Kapil Bharti (co-founder of Delhivery), bringing Blostem’s total seed funding to Rs 4 crore, and valuing the Delhi-based startup at approximately Rs 45 crore.
Driving the Digital Transformation of Fixed Deposits
Founded in September 2021 by Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh, Blostem is redefining fixed deposit distribution by building a unified infrastructure and experience layer that connects banks, NBFCs, and B2C platforms through a single integration. Its plug-and-play platform allows digital platforms—such as brokers, payment apps, and wealth-tech companies—to seamlessly offer fully digital FDs from multiple issuers, eliminating the need for fragmented integrations and one-off partnerships.
Currently, Blostem’s platform is already being used by prominent players including Mobikwik, Upstox, and Centricity Wealth, enabling these platforms to offer their users fixed deposits from a diverse range of banks and NBFCs without having to partner with each financial institution individually.
Funding to Accelerate Product and Market Expansion
According to a press release from the company, the newly raised funds will be utilized to:
✅ Strengthen Blostem’s fixed deposit offering
✅ Scale up FD transaction volumes across partner platforms
✅ Expand into additional banking, investment, and savings products
This strategic focus will enable Blostem to further its mission of democratizing access to fixed deposits and modernizing India’s investment landscape.
A Seamless Solution for Banks, NBFCs, and B2C Platforms
For banks and NBFCs, integrating with Blostem provides immediate access to a wide network of B2C platforms, simplifying distribution and expanding their reach across digital channels. For B2C platforms, it means offering customers a variety of fixed deposits through a single, compliant, and secure integration—saving significant time and resources.
“Fixed deposits have long been one of the most trusted investment options in India, but access has largely remained confined to traditional banking ecosystems,” said Ravi Jain, co-founder and MD of Blostem. “At Blostem, our vision is to make fixed deposits—and eventually other banking products—available on every digital platform in India through a single, compliant, and seamless infrastructure & experience layer.”
Ambitious Growth Targets
Blostem currently partners with around 10 banks and NBFCs for its fixed deposit product and has over 30 B2C platforms signed up on its platform. The startup aspires to command over 40% of digital FD volumes through its ecosystem in the near future.
With its innovative approach, Blostem is poised to reshape India’s fixed deposit market, unlocking new opportunities for both financial institutions and digital platforms while making trusted investment products more accessible to millions of Indians.