Debt collection startup DPDZero has raised $7 Mn (around INR 60 Cr) in a Series A funding round led by GMO Venture Partners, with participation from India Quotient, Sinarmas Group and others.
Existing investors SMBC Asia Rising Fund and Blume Ventures also participated in the round.
The Bengaluru-based startup plans to use the fresh capital to develop its multi-lingual AI agent to streamline the issue of debt collection for financial institutions. Besides, the startup also plans to develop a network of field collection agents to strengthen its operations.
Founded in 2022 by Ananth Shroff and Ranjith Ramachandra, DPDzero aims to solve the problem of delayed repayments via its AI-enabled collections and debt recovery platform.
(The story will be updated soon)
The post Debt Collection Startup DPDZero Nets $7 Mn From GMO Venture Partners, Others appeared first on Inc42 Media.
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