Founder · Fundly.ai

Amit Chawla

Co-founder & CEO of Fundly.ai, a supply chain finance company based in Mumbai.

Co-founder · CEOMumbaiSupply Chain Finance
Founded
2021
Mumbai, India
Raised to date
$7M
2 rounds on record
Latest round
Growth round
$4M · September 2026
Team
51–200

About

Amit Chawla is Co-founder & CEO of Fundly.ai, a supply chain finance company based in Mumbai, founded in 2021. Fundly.ai's most recent disclosed round was a funding round of $4M in September 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2021
Fundly.ai
Supply Chain Finance · Mumbai · 51–200 people · Active

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

Funding
September 2026Growth round$4MAccel (lead), Multiply Ventures (lead), Rajeev Ahuja, angel investors
May 2023Seed$3MAccel (lead), Multiply Ventures, angel investors
Company profile →2 rounds on record

Journey with Fundly.ai

3 milestones
  1. 2021Founded

    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.

  2. May 2023Funding

    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.

  3. Sep 2026Funding

    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, payments and embedded credit.

Also building Fundly.ai

SRShreeram RamanathanCo-founder→

Coverage

1 story
Funding · 8 Sept 2026 · 5 min read
Fundly.ai Raises $4M From Its Existing Backers, Three Years After a $3M Seed