Khaitan & Co advised Cornerstone Ventures Partners as lead investor, and Ashra Private Equity Fund (Shepherds Hill Private Equity Trust) as co-investor, in the Series A funding round of Credilio Financial Technologies Pvt Ltd — a UPI-first fintech platform enabling digital distribution of credit products (loans, credit cards) to Tier II and Tier III markets via financial advisors.
The Series A comprised a 100-crores funding round. This round was led by Cornerstone Ventures, with participation from Shepherd’s Hill Private Equity, ESV-Arthya AIF and Roots Ventures, alongside venture debt from Innoven Capital and Alteria Capital.
Credilio operates under the brand novio — a UPI-first fixed deposit-backed credit card app.
The core team advising Cornerstone Ventures consisted of Gautam Suseel (Partner), Ashutosh Sharma (Partner), Atif Ahmed (Principal Associate), Aanchal Khandelwal (Senior Associate) and Jahanvi Tuli (Associate), Deepali Menghwani (Principal Associate) and Arushi Gupta (Senior Associate).
The core team advising Ashra Private Equity Fund consisted of Tanvi Kumar (Partner), Pulkit Chaturvedi (Counsel) and Nipun Laroia (Senior Associate), Aditi Sannidhi (Associate)