Decentro returns to India, raises Rs 30 crore in funding
BENGALURU Bengaluru: After PhonePe and Razorpay, now API banking platform Decentro is going to move its parent unit from Singapore to India in the next 12-18 months. The decision reflects the broader trend of Indian fintech companies taking up residence in India. “This shift is a strong statement of our commitment to India and our belief in its ability to foster and scale global financial infrastructure companies. We are building from India not just for India, but for global opportunities,” said Pratik Daudkhane, co-founder of Decentro.
Fintech start-up Decentro, which processes over Rs 50,000 crore in payments annually, on Friday announced that it has raised Rs 30 crore in its Series B funding round. So far, the company has raised a total of $8.19 million. The round was led by InfoEdge Ventures, with participation from existing investors including Stargazer Growth and Uncorrelated Ventures, backed by Groww CEO Lalit Keshre. The funding comes at a time when Decentro has turned profitable.
The company said it will use this fresh capital to drive enterprise adoption, improve its product capabilities, and strengthen go-to-market efforts across financial institutions such as banks, NBFCs, fintech firms, and digital lenders. Rohit Taneja, co-founder and CEO of Decentro, said, “This fund raise gives us an opportunity to double down on what is working well; deeper partnerships with enterprise customers and building products that power mission-critical financial flows. India is where it all started and we want to make it our long-term base with the final flip.”
Decentro’s plan comes at a time when Indian fintechs are increasingly preferring to have their base in India. Recently, unicorn Razorpay shifted its residency from the US to India and will pay around Rs 1,275 crore in taxes. The company is aiming to bring an IPO before the end of calendar year 2026. In 2022, another fintech player, PhonePe, also shifted its base from Singapore to India, and its investors paid Rs 8,000 crore in taxes to complete the move.
