Undisclosed · Fintech
RocketPay raises ₹10 crore to expand collections and recovery technology
Sandeep Jain and fellow investors lead financing for the lender-infrastructure platform.
RocketPay announced ₹10 crore in funding on October 14. Sandeep Jain and a group of investors led the round, with participation from Inflection Point Ventures, LetsVenture, Launch Capital, AVNM Ventures, Navyug Global Ventures and existing backer All In Capital.
The company plans to expand its recovery infrastructure and technology for financed devices. Its collection tools connect lenders with automated repayment mandates, while its device-financing products support remote locking and unlocking.
Use of funds
Collections infrastructure
Financed-device recovery
Funding history
Undisclosed · This round₹100M