Sandeep Garg (Blostem)
Overview
Sandeep Garg is a prominent entrepreneur and co-founder of Blostem, a fintech infrastructure platform established in 2021. Blostem specializes in offering fixed deposit (FD) distribution through digital platforms, thereby facilitating financial transactions between banks, Non-Banking Financial Companies (NBFCs), and consumer-facing applications. As of 2025, Blostem has gained recognition for its innovative approach to simplifying and expanding access to fixed deposits in India. The platform has forged partnerships with major fintech players and has received significant seed funding to further its impact.
Recent Developments
- June 30, 2025: Blostem raised ₹4 crore in seed funding led by AC Ventures. The round included participation from Mobikwik and Delhivery co-founder Kapil Bharti, bringing the company's valuation to around ₹45 crore. The funding is allocated towards enhancing Blostem’s fixed deposit services and expanding into other financial products.
- Blostem’s Partnerships: The platform has solidified partnerships with notable fintech companies like Mobikwik, Upstox, and Centricity Wealth to increase FD transactions and reach more than 30 B2C platforms. Furthermore, Blostem aims to handle over 40% of India’s digital FD transactions.
- Innovation in FD Distribution: Blostem continues to develop its plug-and-play infrastructure enabling seamless integration for digital platforms to offer fixed deposits without multiple bank partnerships. This model simplifies and democratizes financial services for both end users and financial institutions.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Sandeep Garg |
| Born | N/A |
| Nationality | Indian |
| Occupation | Entrepreneur, Co-founder, CEO |
| Known For | Co-founding Blostem |
| Net Worth | N/A |
| Education | N/A |
Early Life and Education
Little is publicly known about Sandeep Garg's early life and education. However, his career trajectory indicates a strong background in finance and entrepreneurship. As an active player in the fintech sector, his experience likely encompasses financial management, product sales, and the development of banking infrastructure solutions.
Career and Notable Achievements
- Co-founding Blostem (2021): Sandeep Garg, alongside co-founders Ravi Jain, Uday Sharma, and Pankaj Pratap Singh, established Blostem as a B2B fintech infrastructure provider. Their goal was to streamline the process of offering fixed deposits through digital integration, catering to both banks and tech platforms.
- Innovative Infrastructure Development: Blostem's plug-and-play solution quickly became popular among fintech apps, enabling them to offer FDs without managing multiple partnerships.
- Strategic Partnerships: Under Garg's leadership, Blostem secured collaborations with several banks and over 30 fintech platforms, positioning itself as a leader in the digital FD space.
Current Work and Impact
Currently, Sandeep Garg continues to serve as the CEO of Blostem, steering the company towards becoming a pivotal player in the transformation of digital financial services in India. The platform's ability to integrate financial products seamlessly into digital ecosystems is paving the way for broader financial inclusion across the country. With its ambitious goals and robust backing from investors, Blostem is set to redefine how fixed deposits and other financial services are distributed and accessed, potentially influencing the fintech landscape nationwide.
Conclusion
Sandeep Garg's innovative approach through Blostem represents a significant shift in the accessibility of traditional banking services. By leveraging technology to simplify the distribution of fixed deposits, Garg is contributing to a more integrated and inclusive financial ecosystem in India. As Blostem continues to expand, it stands poised to influence the digital finance landscape significantly, making fixed deposits and other products more universally accessible.