Velocity: Funding, Investors & Team (Aug 2026)
Velocity provides revenue-based financing to online businesses. It aims to build the future of banking and financial services for new-age businesses in India. The company was founded by Abhiroop Medhekar, Atul Khichariya, and Saurav Swaroop in 2020.
Velocity has raised $30.3M across 2 funding rounds on record, the most recent a Series A of $20.0M announced in Nov 2021.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Velocity Company Profile and Key Stats
Latest funding round on record: Nov 2021.
Velocity Funding Rounds
Velocity raised $10.3M in a Seed announced in Mar 2021.
8 months later, a Series A of $20.0M was announced in Nov 2021.
Velocity Founders and Leadership Team
No contact details are on record for this team yet.
Velocity Funding Compared to Other Financial Services Startups
Velocity's latest round of $20.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Velocity Funding FAQs
What does Velocity do?
Velocity provides revenue-based financing to online businesses. It aims to build the future of banking and financial services for new-age businesses in India. The company was founded by Abhiroop Medhekar, Atul Khichariya, and Saurav Swaroop in 2020.
How much funding has Velocity raised?
Velocity has raised $30.3M across 2 rounds on record. The most recent is a Series A of $20.0M announced in Nov 2021.
When did Velocity last raise funding?
Velocity's most recent funding round on record is a Series A of $20.0M, announced in Nov 2021.
Who is the CEO of Velocity?
Abhiroop Medhekar is listed as CEO at Velocity.
Where is Velocity headquartered?
Velocity is based in Bengaluru, Karnataka, India.
How many employees does Velocity have?
Velocity is in the 11-50 employee band.
How does Velocity's funding compare to other Financial Services startups?
Velocity's latest round of $20.0M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Velocity Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Velocity is left off this page rather than filled in.
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