Fundly.ai is a Mumbai-based fintech platform embedded in the healthcare vertical that provides financing and allied solutions to the pharma distribution tail, specialty players, and brands. Its full-stack technology addresses supply-chain network inefficiencies and skewed working-capital cycles by offering accessible, convenient and customised financing products to retailers and distributors. The startup says it has disbursed Rs 140 crore (about USD 17.1 million) and has empowered over 2,000 retailers and more than 30 distributors across nine cities. Around 55% of its business comes from Tamil Nadu, 30–35% from Maharashtra and the remainder from Andhra Pradesh; it is active in southern and western Indian markets and operates in nine locations. Fundly.ai intends to deepen engagement with existing customers, expand into new geographies, build technology and develop new product offerings. The company was founded by Amit Chawla and Shreeram Ramanathan.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

May 2023