Rezolv raises $12.5M Series A to push AI beyond debt collection
What's the deal? Rezolv, a Mumbai-based lending technology startup, has raised $12.5 million (about US$16.3M) in a Series A round led by Norwest Venture Partners. Vertex Ventures Southeast Asia and IndiaDealroom has a profile for this one. Try Dealroom → joined, along with existing investor 3one4 CapitalDealroom has a profile for this one. Try Dealroom →.
Who's behind it? Founded in 2024 by Karan Mehta and Sonali Jindal, cofounders of digital lender Kissht, Rezolv builds AI tools for lenders. The round values the company at $51.2 million.
What's the endgame? Rezolv plans to expand its AI capabilities beyond debt collection into broader credit services. The company will deploy a large portion of the fresh capital toward that push.
By the numbers: Rezolv raised $3.5 million in a seed round last year at a $12.8 million post-money valuation, meaning its valuation rose roughly fourfold. Mehta said the company reached an annualised revenue run rate of about US$4.07M by March, at the end of its first full year of operations.
The signal: At $12.5 million, the round sits comfortably above the median for its category, a sign of investor appetite for AI-driven credit infrastructure in India. Rezolv's rapid revaluation suggests lenders are willing to pay for automation across the credit lifecycle, not just collections.
Read more: The Economic Times
Image credit: Rezolv
