Fundly.ai builds technology for India's pharmaceutical distribution chain, bringing procurement, payments and working capital onto one platform for retailers and distributors. Founded in 2021 by Amit Chawla and Shreeram Ramanathan, who had both worked at the lender InCred, it began as a supply-chain financing business and bootstrapped for two years before raising outside capital. It has since expanded into three lines: B2B commerce, payments and settlement infrastructure, and embedded credit. By its 2023 seed round it had disbursed ₹140 crore to more than 2,000 retailers and over 30 distributo
1StartupFox story
2021Founded
Supply Chain FinanceSector
Sept 2026Latest coverage
Funding
Fundly.ai has raised $7M across 2 disclosed rounds, most recently a Growth round in September 2026.
$7MRaised
Growth roundLatest round · September 2026
2Events
Chart appears once 1 more funding round is recorded — below that a chart shows less than the table does.
Founded in Mumbai by Amit Chawla and Shreeram Ramanathan, who had worked together at the lender InCred during 2018 and 2019, as a supply-chain financing platform for pharmacies and stockists. Bootstrapped for its first two years. ↗
May 2023 · funding
Seed — $3M, led by Accel (lead).
May 2023 · funding
Raises a $3 million seed led by Accel with Multiply Ventures, having disbursed ₹140 crore to more than 2,000 retailers and over 30 distributors across nine cities, with roughly 55% of business in Tamil Nadu. ↗
September 2026 · funding
Growth round — $4M, led by Accel (lead).
Sep 2026 · funding
Raises $4 million led by existing investors Accel and Multiply Ventures with former RBL Bank executive director Rajeev Ahuja participating, alongside about $0.9 million in venture debt, having expanded from lending into B2B commerce, paymen ↗
The rest of Fundly.ai's profile is free
Every funding round with its source, verified financials, leadership and the full journey timeline — sign in once and it stays unlocked.
Fundly.ai builds technology for India's pharmaceutical distribution chain, bringing procurement, payments and working capital onto one platform for retailers and distributors. Founded in 2021 by Amit Chawla and Shreeram Ramanathan, who had both worked at the lender InCred, it began as a supply-chain financing business and bootstrapped for two years before raising outside capital. It has since expanded into three lines: B2B commerce, payments and settlement infrastructure, and embedded credit. By its 2023 seed round it had disbursed ₹140 crore to more than 2,000 retailers and over 30 distributo
Who founded Fundly.ai?
Fundly.ai is associated with Amit Chawla, Shreeram Ramanathan.
How much funding has Fundly.ai raised?
Fundly.ai has raised $7M across 2 disclosed rounds. The most recent was a $4M Growth round in September 2026.
Who are Fundly.ai's investors?
Disclosed investors in Fundly.ai include Accel (lead), Multiply Ventures (lead), Rajeev Ahuja, angel investors, Multiply Ventures.
What is the latest news on Fundly.ai?
The most recent StartupFox coverage is “Fundly.ai Raises $4M From Its Existing Backers, Three Years After a $3M Seed” (8 September 2026). All stories are listed on this page.
StartupFox
CREDFintech
Recur ClubFintech / Debt Financing
Equal AIIdentity Verification / Fintech In
RoviaWealthtech / Fintech