Stories
RocketPay Raises Rs 10 Crore to Expand Recovery Infrastructure
- •Digital collections infrastructure platform RocketPay has successfully raised Rs 10 crore in a funding round led by Sandeep Jain and Group.
- •Participants in the funding round include IPV, LetsVenture, Launch Capital, AVNM Ventures, Navyug Global Ventures, and existing investor All In Capital.
- •The new capital will be used to scale expansion from digital collections into comprehensive recovery infrastructure for lenders, aligning with upcoming RBI guidelines for 2027.
- •The Bengaluru-based startup recorded a 10-fold revenue increase between FY24 and FY26 and targets an annualised revenue run rate of Rs 100 crore by FY28.
Key Questions Answered
Digital collections infrastructure platform RocketPay raised Rs 10 crore in a funding round led by Sandeep Jain and Group. The round also saw participation from IPV, LetsVenture, Launch Capital, AVNM Ventures, Navyug Global Ventures, and existing investor All In Capital.
The newly raised capital will accelerate RocketPay's expansion from digital collections into recovery infrastructure for lenders. This includes supporting the entire recovery lifecycle of financed assets, such as technology-enabled recovery of financed devices aligned with upcoming RBI guidelines taking effect in 2027.
The Bengaluru-based company reported a 10-fold increase in revenue between FY24 and FY26. Furthermore, RocketPay aims to achieve an annualized revenue run rate of Rs 100 crore by FY28.
