Decentro’s Series B Funding: A New Milestone
In a development that could reshape India’s fintech narrative, Decentro, the Y Combinator-backed infrastructure startup, is reportedly initiating its Series B funding round, spearheaded by none other than Info Edge, one of India’s most active venture backers.
But why does this matter? And why now?
Because Decentro is not just another fintech startup. It’s one of the rare infrastructure companies simplifying the entire financial backend for banks, NBFCs, and fintechs — think Plaid, but Indian.
The Funding Scoop: Who’s In?
According to Entrackr, Decentro aims to raise ₹26.3 crore (~$3 million) in this new round. The anchor investor is Info Edge Ventures, known for backing powerhouses like Zomato, Policybazaar, and Happily Unmarried. They are joined by Stargazer Ventures and Infinyte Club Angel Fund, indicating strong institutional interest in B2B financial plumbing.
This round comes on the back of Decentro’s previously raised ₹15 crore ($2M) from LC Nueva and existing backers in 2023.
The Financials: Growth Meets Pressure
Decentro’s FY24 operating revenue stands at ₹17.7 crore — a healthy 47% jump from FY23’s ₹12 crore. But the aggressive growth comes at a price: the startup posted a ₹2.46 crore loss, a reversal from profits in the previous fiscal.
“This is a classic scale-first strategy, and they’re gunning for leadership in a critical fintech layer,” says fintech analyst Rajesh Nair.
With an expanding portfolio of enterprise clients across lending, insurance, and payments — the loss appears more like strategic reinvestment than a red flag.
Reverse Flip: Decentro’s Return to India
One of the boldest parts of this update? Decentro is currently undergoing a reverse flip, shifting its holding company from Singapore back to India within 12 months. In the post-Flipkart and PhonePe era, this move symbolizes:
Confidence in the Indian regulatory climate
Preparation for future IPO possibilities on Indian soil
Alignment with DPIIT’s “Made in India” fintech push
The reverse flip is likely to win points with domestic investors and regulators, giving the startup better traction in government-backed digital finance projects like OCEN and ONDC.
What Makes Decentro Unique?
Decentro is not a neobank, not a consumer app, but the quiet infrastructure behind financial innovation. Think:
KYC & Onboarding APIs
Account Aggregator integrations
Banking-as-a-service (BaaS) layers
Credit assessment tools
Debt collections pipelines
They’re building India’s financial operating system, quietly enabling hundreds of startups and BFSI players to launch products faster.
“We’re the rails, not the trains,” Decentro’s founder Rohit Taneja once said in an interview.
The Backend Is the Future
In a market obsessed with flashy B2C apps and unicorn headlines, Decentro represents a different kind of gold — the pipes, not the pump.
As India’s digital public infrastructure deepens, players like Decentro will quietly dominate — and this funding round led by Info Edge is the clearest sign yet that the backend is where the real action is.
Decentro – The Why & The What | API Banking Platform
An in-depth look at Decentro’s mission to simplify banking integrations through APIs.
Also Read: Snabbit Raises $19M to Disrupt India’s On-Demand Services Market
