Blostem: 10 Key Things You Must Know

Overview

Blostem is a pioneering fintech startup based in New Delhi, India, founded in 2021. It serves as a B2B banking infrastructure platform primarily focused on fixed deposit (FD) aggregation and distribution. What sets Blostem apart is its plug-and-play API technology that allows digital platforms, such as fintech apps, wealth tech platforms, and payment apps, to seamlessly offer fixed deposits and other investment products from multiple banks and NBFCs through a single integration. As the digital transformation of financial services accelerates across India, Blostem emerges as a key enabler in making traditional investment products easily accessible on modern digital platforms. This article explores the most important facets of Blostem's journey, technology, partnerships, and impact in India's fintech ecosystem.

1. Founding and Origins

Blostem was founded in September 2021 by a team of fintech veterans: Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh. The founders shared longstanding professional relationships, with some having known each other for over a decade. Their combined expertise in banking, blockchain, and digital product innovation drove the vision to simplify digital secured lending and fixed deposit distribution. Recognizing the need to bridge the gap between traditional banking products and new-age digital platforms, they established Blostem to build a unified infrastructure solution.

2. Core Technology and Product Offering

At its heart, Blostem offers a plug-and-play banking infrastructure platform focused on Fixed Deposit aggregation. Through robust API integration, the company enables B2C platforms to provide seamless, fully digital fixed deposit products from multiple banking partners without the need for individual integrations. Blostem’s technology stack reduces complexity for partners, improves user experience for end customers, and supports asset tokenization and secured lending features underpinned by blockchain and advanced data privacy mechanisms.

3. Business Model and Market Positioning

Blostem operates a B2B2C business model. It partners with lenders such as banks and NBFCs to distribute their fixed deposit products and other financial offerings through B2C digital platforms like fintech apps, brokers, payment services, and super apps. This approach eliminates fragmented integrations for both issuers and distributors. Revenue streams comprise spreads earned from lenders for collateral provision, API usage fees, and asset origination charges, positioning Blostem as a category creator in the digital secured lending and FD distribution space.

4. Strategic Partnerships and Ecosystem Reach

Blostem has established partnerships with approximately 10 banks and NBFCs, including big names like Mobikwik, Upstox, Centricity WealthTech, and Suryoday Small Finance Bank. Over 30 B2C platforms use its platform to offer fixed deposit products, enabling it to capture more than 40% of digital FD transaction volumes in India. Its collaborations enable banks to scale digital distribution without multiple individual integrations, and platforms gain access to simplified, compliant FD offerings.

5. Funding and Financial Growth

In June 2025, Blostem successfully raised ₹4 crore (approximately $467,000) in seed funding led by AC Ventures, with participation from existing investors including Mobikwik and Kapil Bharti, co-founder of Delhivery. This round valued the company at around ₹45 crore. The funds are slated to strengthen the FD product suite, scale transaction volumes, and expand into additional banking and investment products. By fiscal year ending March 2024, Blostem reported revenues of roughly ₹30.8 lakh, reflecting early-stage traction in a niche market.

6. Leadership and Team

The founding team of Blostem comprises industry veterans with deep expertise in fintech, banking, and blockchain technologies. Sandeep Garg serves as CEO, Ravi Jain as Managing Director, Uday Sharma as COO, and Pankaj Pratap Singh as CTO. Their cohesive leadership has been instrumental in building Blostem's tech platform and forging key industry partnerships. The company maintains a lean team of about 20 employees, emphasizing innovation and agility.

7. Impact on the Fixed Deposit Market in India

Fixed deposits have traditionally been a fundamental investment product in India, but their digital availability had been limited by fragmented banking integrations and legacy systems. Blostem has revolutionized access by enabling digital platforms to offer FDs at scale with competitive interest rates (up to 9.5%) and seamless user experience. This has democratized FD access, bringing trusted investment solutions to millions of retail investors through their favorite digital channels.

8. Use of Blockchain and Asset Tokenization

Blostem leverages blockchain technology to create a secure, transparent, and compliant ecosystem for digital secured lending and asset traceability. The company focuses on tokenizing real-world assets, specifically fixed deposits, which facilitates digital collateral management and enhances lending efficiency. This innovative use of tokenization is poised to broaden the reach and security of financial assets beyond traditional paper-based modalities.

9. Competitive Landscape and Differentiation

Blostem operates in a growing and competitive fintech infrastructure space focused on embedded finance and digital lending. Its main competitors include platforms like AltExchange and Qontigo, yet Blostem's unique focus on fixed deposit aggregation combined with embedded banking infrastructure sets it apart. By offering a single, compliant integration portal for multiple issuers, Blostem simplifies partnerships and accelerates market reach compared to traditional players.

10. Future Prospects and Expansion Plans

With a solid foundation in fixed deposit distribution, Blostem aims to expand its platform to include a wider range of banking and investment products such as savings accounts, mutual funds, and digital gold. The company plans to scale its transaction volumes significantly by increasing its B2C platform base while enhancing technological capabilities for faster, secure onboarding. The recent seed funding will accelerate this growth, positioning Blostem as a critical infrastructure player in India's evolving digital financial ecosystem.

Conclusion

Blostem stands at the forefront of India's fintech infrastructure revolution, transforming how fixed deposits and other financial products are accessed and distributed digitally. By addressing integration complexity and connecting multiple financial institutions with B2C digital platforms, it unlocks new efficiencies and opportunities for investors and businesses alike. As Blostem continues to expand its offerings and ecosystem, it exemplifies the power of embedded finance to drive inclusive financial innovation in one of the world’s largest digital markets. What new financial frontiers will Blostem unlock next as it reshapes India's investment landscape?