Velocity

Velocity

Financial Services

Velocity is India’s leading financial solution provider for new-age digitally native businesses.

About us

Velocity is India’s leading cash flow based financing platform for new age businesses. We are working on democratizing access to working capital for underserved sectors that traditionally lack collateral like property, plant or machinery. Founded in 2020 by Abhiroop Medhekar, Atul Khichariya, and Saurav Swaroop, Velocity's financing suite includes a range of financing products. We work with 4,000+ brands and have disbursed ₹800 Cr+. We have partnerships with 26 ecosystem players, including four of the largest marketplaces. Our portfolio includes many of India’s fastest-growing D2C brands such as French Crown, Soulflower, Chumbak, Off Duty, Itsy Bitsy, Bear House, Gear merchandise, Milano ice cream, Jamie’s Pizzeria, IDC, Farmley, Kebabs and Curries, KCC, and Zlade to name a few. Velocity has raised $30 million in funding so far led by Peter Thiel’s Valar Ventures.

Website
https://www.velocity.in
Industry
Financial Services
Company size
51-200 employees
Headquarters
Bengaluru
Type
Privately Held
Founded
2020

Locations

Employees at Velocity

Updates

  • Get ready for a game-changing experience! 🚀 Velocity launches Vani AI - India's first AI-powered solution to manage customer interactions in the financial services sector. 🤖 We at Velocity have unveiled Vani AI - a pioneering GEN AI solution created to transform customer conversations across the financial services sector. Developed in-house, Vani AI executes calling tasks like collections, lead qualification, document gathering, and more with human-like conversational skills. 💬 Vani AI can understand context, regional languages, and accents with the help of generative AI and multilingual speech recognition capabilities. 🌐🗣️ We have developed Vani AI to help financial companies reduce operational costs involved in connecting with their customers. 💸📉 The future of AI-powered customer conversation starts now! Experience the Magic of Vani AI in the demo below! 🪄 Join the waitlist. Link in the comments. #VaniAI #GenerativeAIRevolution #FinancialDisruption #Velocity #AIInnovation

    View profile for Abhiroop Medhekar, graphic

    Co-founder and CEO at Velocity | Fortune 40 under 40 | Ex McKinsey, Elevation Capital | Hiring Product, Tech & Business leaders at Velocity

    🚨 AI Launch Announcement: Exciting Update for Financial Institutions! Ever felt the pain of ineffective customer calls, poor customer experience and rising operational costs? We did too at Velocity. We figured that 60-70% of the work involves basic follow-ups and query resolution, which can actually be made 10X better using GenAI. That's why we created Vani AI, India’s first AI-based interactive calling solution for financial institutions 🚀 💡 Why Vani AI? - Higher Operational Efficiency: Put routine tasks like data collection, collections calling and sales qualification on auto pilot. - Human-Like Conversations: Vani speaks naturally, understands multiple Indian languages, and provides personalized, contextual responses in real-time. - Response accuracy: Vani gets trained on your organization's specific processes, policies, past call logs and real-time customer context for precise interactions. - Seamless Integration: Easily integrates with CRMs, calendars, and sends actionable next steps via Email/WhatsApp. - Human Agent Handover: Seamlessly passes the call to a human agent if needed or upon customer request. While many leaders acknowledge that GenAI will disrupt customer conversations, it is non-trivial to create a solution that can fully replace IVR and a large chunk of human calling too. Thanks to our team's hard work, we've solved multiple technical challenges (like local language understanding, interruption handling, background noise removal, and super low latency) resulting in a product that.. just works! Check out the live call below! 🤩 We've seen promising results using Vani AI internally, and we see the clear potential to transform our own customer calls into efficient, standardized, and cost-effective interactions. However, we figured that Vani's impact can be manifold higher if we productize it and make it available to other companies too. If you are keen to leverage Vani AI for your organization or just brainstorm about leveraging GenAI, we would love to chat! Drop a comment below or join our waitlist (link in comments) 👇 Please help us spread the word by liking / sharing this in your networks! 🙏 #GenAI #CustomerExperience #Innovation #FinancialServices #VaniAI #Velocity

  • Every milestone begins with the dedication and brilliance of individuals who give their all. At Velocity, we take pride in recognizing the faces behind the success! 🌟 This month, we’re thrilled to celebrate our Ace Awards winners: Vaishnavi Ramesh, Business Finance Manager, and Saiyyam Mittal, Software Development Engineer - I. 🏆 Your passion, innovation, and commitment inspire us every day. Here's to you—setting the bar high and motivating us all to aim higher! 🚀 #Velocity #AceAwards #EmployeeExcellence #TeamworkMakesTheDreamWork

  • Velocity's Founder Spotlight of the Month: Aarti Gill & Mihir Gadani (MG)✨ This month, we’re shining the spotlight on Aarti Gill and Mihir Gadani (MG), the co-founders of OZiva, a trailblazer in the plant-based nutrition space in India. Their journey is one of vision, perseverance, and a relentless drive to make wellness accessible to all. The Beginning of OZiva🚀 Aarti, an IIT-Roorkee graduate with an MBA from INSEAD, drew inspiration from her early exposure to preventive healthcare. Her belief in holistic living aligned perfectly with Mihir’s background in biotech and his passion for fitness and health. In 2016, the duo joined forces to solve a common problem: the lack of clean-label, plant-based nutrition options in India. Their vision? To revolutionize the way Indians approach wellness by blending Ayurvedic wisdom with modern science, creating products that are not just effective but sustainable. The Challenges Along the Way🎯 Building OZiva wasn’t easy. Early on, they faced hurdles in building consumer trust around plant-based products, a relatively new concept in the Indian market. But Aarti and Mihir remained undeterred, constantly innovating and educating consumers about the benefits of clean nutrition. Their persistence paid off. With a strong focus on quality, research, and customer-centricity, OZiva has grown into a market leader, inspiring millions to embrace holistic health. What Makes OZiva Special? 1️⃣Plant-Based & Clean Label: Products rooted in nature, free from artificial additives. 2️⃣Ayurveda + Modern Science: A seamless blend of ancient traditions and cutting-edge research. 3️⃣Holistic Health for All: Promoting wellness beyond just products—a movement for a better life. The Impact of OZiva From helping individuals improve their lifestyles to building a wellness community, Aarti and Mihir are reshaping the health and nutrition landscape in India. Their journey exemplifies how determination and innovation can overcome challenges to create something extraordinary. At Velocity, we are proud to celebrate the entrepreneurial spirit of Aarti and Mihir, whose vision is driving a movement towards healthier living. 👉Swipe through the carousel to explore their inspiring journey! #Velocity #D2CFounderSpotlight #OZiva #Entrepreneurship #PlantBasedNutrition

  • 🌟 Calling All Restaurant & Cloud Kitchen Founders! 🌟 We’re excited to introduce The Founder’s Table, an exclusive WhatsApp community for restaurant and cloud kitchen founders selling on food aggregator platforms. 🤝 What’s in it for you? ✅ Meaningful conversations with like-minded founders ✅ Insights, challenges, and growth tips shared openly ✅ A supportive, spam-free, and promotion-free space 🚫 No vendors. No promotions. Just authentic founder-to-founder discussions. Ready to join the table? 🍽️ Fill out the form and secure your spot on the waitlist now! 🔗 Link to the form in the comment section. #Restaurant #CloudKitchen #Entrepreneurs #TheFoundersTable

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  • ✨"Velocity has been a game-changer for my business!" – Sunil Upadhyay, Managing Director, Cafe Wink (Rolling Stone Hotels Private Limited). Running a business comes with its share of challenges, but securing quick and reliable funding doesn’t have to be one of them. That’s why at Velocity, we make it effortless: ✅No collateral required ✅Funds delivered at lightning speed ✅100% paperless process With Velocity, you can focus on growing your business while we take care of the financial hurdles. Don’t just take our word for it—hear it straight from the entrepreneurs we empower!🚀 #Velocity #CafeWink #Funds #CustomerStories

  • Velocity’s D2C Spotlight Brand of the Month: tocco✨ This month, we shine the spotlight on tocco, a brand that blends tradition, nostalgia, and purpose into every product they make. Founded by Reshma S., Tocco is not just a business but a community-driven initiative empowering homemakers and senior citizens by giving them a meaningful livelihood. Inspired by the flavors of her childhood in Kerala, Reshma started Tocco as a tribute to traditional recipes and the memories they evoke. With a mission to preserve authentic South Indian flavors, Tocco brings to life heritage-rich snacks and condiments, including crispy banana chips, tangy pickles, and flavorful podis. Each product is handmade with care, capturing the essence of home-cooked goodness. But Tocco’s impact goes beyond taste. The brand has created a platform for homemakers and retirees to use their culinary skills, build financial independence, and foster a sense of pride in their work. Tocco’s team, primarily composed of women, is preserving age-old recipes while showcasing the value of traditional craftsmanship to the modern world. In addition to its culinary legacy, Tocco prioritizes sustainability in its operations, ensuring their practices are as wholesome as their products. Reshma’s journey is a testament to the power of purpose-driven entrepreneurship that uplifts communities while honoring traditions. At Velocity, we are proud to celebrate Tocco as a true hero in the D2C space. Here's to their inspiring journey of connecting generations through the love of food and culture! #D2CSpotlight #Tocco #Velocity #EmpoweringCommunities

  • The IReC x Labels 2024 summit organized by IndianRetailer.com brought together visionaries to discuss the transformative shifts in retail, with a spotlight on the D2C boom, e-commerce growth, omnichannel strategies, and the push for sustainability and ethical practices. Our Director, Subramanian M K, participated in a thought-provoking panel exploring how brands can leverage these trends and embrace technology to stay ahead in an ever-evolving market.🚀 At Velocity, we are proud to be part of conversations that highlight the evolving dynamics of retail and explore ways to support brands in their growth journeys. #D2CInnovation #RetailTransformation #Velocity #IReCxLabels2024

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  • Velocity's Sustainable Brand of the Month: True Elements This December, we're proud to spotlight True Elements, a homegrown D2C brand that exemplifies mindful living while making strides in sustainability. Founded by Puru Gupta and Sreejith Moolayil, the brand’s journey is a testament to how purpose-driven innovation can transform everyday products into agents of positive change. 🌏Championing Sustainability True Elements doesn’t just talk about sustainability; it practices it. Their commitment is visible in every step, from the 100% recyclable packaging they use to their customer-centric recycling initiatives. They’ve created a seamless 4-step process where customers can return used packaging to be recycled, earning vouchers for their eco-friendly efforts. This system not only reduces waste but also encourages a circular economy. 🥗Clean, Honest Ingredients True Elements is on a mission to redefine healthy eating with products that contain zero preservatives and 100% clean ingredients. Every item they offer—from breakfast cereals to snack bars—embodies transparency and integrity. The brand ensures customers receive foods that are both nutritious and responsibly sourced. 🚀Impact Beyond Products The founders’ vision goes beyond business goals. True Elements aims to build a community that embraces mindful choices for both health and the planet. By staying true to their core values, they’ve shown how a D2C brand can create a meaningful impact while growing sustainably. Velocity celebrates True Elements for being a pioneer in balancing health and sustainability. Here’s to their journey of shaping a greener, healthier tomorrow! 🌟 #Velocity #TrueElements #Sustainable #D2C

  • View organization page for Velocity, graphic

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    ✨Proud to see Velocity's Director, Subramanian M K, contributing to the panel discussion on Navigating the Next Wave of Retail Innovations at the IReC x Labels 2024 summit in Mumbai. This dynamic session, moderated by Mitesh Shah, brought together industry leaders to discuss trends shaping the future of retail, including the rise of D2C brands, sustainability, and technology's role in driving innovation. We’re thrilled to engage with such forward-thinking leaders and be part of the movement shaping the future of retail. 🚀 A special shoutout to- Mitesh Shah, Partner Physis Capital, Harmanpreet Singh Co-Founder and Managing Partner, Prath Ventures, Amit Singal General Partner Fluid Ventures, Saurabh Gupta Co-Founder and CEO VeriSmart.ai, and Tarun Joshi Founder and CEO Join Ventures #D2CInnovation #RetailTransformation #VelocityPartners #IReCxLabels2024

    View organization page for IndianRetailer.com, graphic

    57,857 followers

    Navigating the Next Wave of Retail Innovations brought together venture capitalists and founders to discuss the next big opportunities in retail. Mitesh Shah moderated a dynamic session with panelists like Harmanpreet Singh, Co-Founder and Managing Partner, Prath Ventures; Amit Singal, Founding Partner, Fluid Ventures; Saurabh Gupta, Founder & CEO, VeriSmart.ai; Tarun Joshi, Founder & CEO, Join Ventures; Subramanian M K, Director, Velocity; who analyzed trends such as the D2C boom, sustainability, and the role of tech in innovation. #FranchiseIndia2024 #IReCxLabels2024 #MumbaiShow #Entrepreneurship  #FranchisingOpportunities #Innovation #Networking #BusinessGrowth  #EventOfTheYear #BusinessExpo

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Funding

Velocity 3 total rounds

Last Round

Series A

US$ 20.0M

See more info on crunchbase