Yenmo funding, investors and company details

Yenmo is an emerging [●] startup from Bengaluru, working in the space of provides instant, collateral-free loans against mutual funds and stocks. Founded by Ashutosh Purohit, Aryan Agarwal.

Company: Yenmo Technologies Private Limited
Sector: [●]
Location: Bengaluru
Founders: Ashutosh Purohit, Aryan Agarwal
Total funding raised: ₹13.37 Cr

Company overview

Yenmo is a Bengaluru-based Y Combinator-backed fintech startup founded in 2022 that provides instant, collateral-free loans against mutual funds and stocks at a flat 10.5% interest rate, allowing investors to access liquidity in under 5 minutes without liquidating assets. The platform uses API integrations with brokers like Zerodha, Groww and Upstox to assess portfolio value in real-time, disbursing funds in under 5 minutes via UPI directly to users' accounts. Targeting India's growing 10 crore+ demat account holders, Yenmo addresses the ₹50 lakh crore trapped in illiquid investments by enabling short-term borrowing (3-12 months) for emergencies, business needs or opportunities while letting investments compound.

Funding rounds

Latest round: ₹9.20 Cr. ($ 1.08 Mn), 2025-03-10. Investors: Y Combinator, Zaka VC, Pioneer AI Fund
Past round (Seed): $ 0.50 Mn (₹4.17 Cr.), 2024-03-22. Investors: Y Combinator