Velocity empowers bold, ambitious founders with a combination of smart capital, innovative financial products, right partnerships & market intelligence.

Velocity

Velocity Engineering

Velocity is India’s leading cash flow based financing platform for new age businesses. We are working on democratizing access to working capital for underserved sectors that traditionally lack collateral like property, plant or machinery. 

Founded in 2020 by Abhiroop Medhekar, Atul Khichariya, and Saurav Swaroop, Velocity's financing suite includes a range of financing products. We work with 4,000+ brands and have disbursed ₹800 Cr+. We have partnerships with 26 ecosystem players, including four of the largest marketplaces. 

Our portfolio includes many of India’s fastest-growing D2C brands such as French Crown, Soulflower, Chumbak, Off Duty, Itsy Bitsy, Bear House, Gear merchandise, Milano ice cream, Jamie’s Pizzeria, IDC, Farmley, Kebabs and Curries, KCC, and Zlade to name a few. 

Velocity has raised $30 million in funding so far led by Peter Thiel’s Valar Ventures.

Valar Ventures

GE32 Capital

iSeed

Presight Capital

Dhruv Arora

Erik Podzuweit

Florian Prucker

Mato Perić

Oliver Jung

Rob Frohwein

Tom Stafford

Maninder Gulati

Philippe Teixeira da Mota

Zac Prince

Get ready for a game-changing experience! 🚀

Velocity launches Vani AI - India's first AI-powered solution to manage customer interactions in the financial services sector. 🤖

We at Velocity have unveiled Vani AI - a pioneering GEN AI solution created to transform customer conversations across the financial services sector. 

Developed in-house, Vani AI executes calling tasks like collections, lead qualification, document gathering, and more with human-like conversational skills. 💬

Vani AI can understand context, regional languages, and accents with the help of generative AI and multilingual speech recognition capabilities. 🌐🗣️

We have developed Vani AI to help financial companies reduce operational costs involved in connecting with their customers. 💸📉

The future of AI-powered customer conversation starts now! Experience the Magic of Vani AI in the demo below! 🪄

Join the waitlist. Link in the comments. 

#VaniAI #GenerativeAIRevolution #FinancialDisruption #Velocity #AIInnovation

Is your cash flow affected by pending payments from customers? 
In today's fast-paced world, maintaining a healthy cash flow is crucial for business success. Yet, many companies struggle with the persistent challenge of pending receivables. Late payments can disrupt operations, hinder growth, and create unnecessary stress for business owners and finance teams. 

Sending manual payment reminders via calls or emails is very cumbersome and resource-consuming. On the other hand, IVRs are expensive, workflow-based, and unintelligent. 

So how do you remind customers to make payments on time? Here’s how:

Introducing VelocityPay's groundbreaking, AI-powered 'Payment Reminder' Feature! 

This is a game-changing feature that harnesses the power of artificial intelligence to transform how you manage your payment reminders. It is designed to streamline your collection process, improve cash flow, and free up valuable resources. 

Think of it as a tireless, intelligent assistant that sounds just like a human and works around the clock to send payment reminders via calls to your customers. Our system employs advanced algorithms and natural language processing to create human-like interactions, delivering personalized, context-aware payment reminders that drive results. 

Say goodbye to resource-intensive manual follow-ups and impersonal automated messages. Get paid on time! 

VelocityPay's AI Collection Agent represents the future of efficient, intelligent, and timely payment collections. It's time you took control of your receivables and accelerated your business growth with VelocityPay. 

#CashFlowManagement #BusinessSuccess #LatePayments #AIInFinance #PaymentReminders #ArtificialIntelligence #FinancialTechnology #BusinessGrowth #VelocityPay #EfficientCollections #TimelyPayments

Excited to share that our Co-founder and CTO, Saurav Swaroop, has been featured in The Times Of India article discussing the groundbreaking launch of Claude 3.5 Sonnet! 💫 

Saurav highlighted how Claude 3.5 Sonnet is revolutionizing software development by enabling the creation of production-level deployable code with unprecedented accuracy and efficiency. 

This advancement is not just about faster coding—it's about accelerating our ability to bring innovative products to market. With tools like Claude, we are set to empower emerging businesses in India with cutting-edge financial and tech solutions, driving growth and success across the region. 💼

The article also includes insights from industry experts such as Jayachandran Ramachandran (C5i), Bebi Negi (Happiest Minds Technologies), and Sourabh Kumar (Publicis Sapient).

Thanks to The Times Of India journalist - Akhil George for adding our insights to the article.

Let's transform fintech for a better future for everyone.💡

Link to the full article is in the comments. 
#Claude3Sonnet #AI #Velocity

On 27th June 2024, The Hindu businessline held the MSME Growth Conclave in Bengaluru to celebrate International MSME Day! 

Our co-founder and CEO, Abhiroop Medhekar, was part of a panel that discussed the 'Financial and Liquidity needs of the MSME sector'. 

The panel consisting of Ashish Jhina, Sanjay Gupta, and Abhiroop Medhekar, discussed the reasons for the MSME credit gap in India, and also deliberated on ways to solve for this issue.   

We would like to thank the moderator of the session - Aarati Krishnan and The Hindu businessline for inviting us to be a part of this event.

This insightful discussion has also been covered by sub-editor Madhu Balaji in today's edition of The Hindu businessline. 

Read the complete article here: https://lnkd.in/gntfMDhP

#Velocity #MSME #funding #hindubusinessline

The boom in India's D2C business has sparked a surge in contract manufacturing with 20-30 % annual growth over the past 4 years. 

In an article by Apoorva Mittal for The Economic Times, Velocity's Co-Founder and CEO - Abhiroop Medhekar talks about how contract manufacturing has become a game-changer, and has made it easier to launch new brands. It has enabled a wave of startups in India.  

The article also covers in-depth insights from leading contract manufacturers as well as popular brands, marketplaces, and data research firms in India.

A must-read for all who are trying to understand the contract manufacturing landscape in the beauty and personal care industry in India. 

Link in the comments. 

KAIN Cosmeceuticals Private Limited, Nishit Dedhia, Kartik Kingrani, Suyash Saraf, Dot & Key Skincare, Tarun Sharma, mCaffeine, Manish Taneja, Purplle.com, Shankar Prasad, Plum, Deepti jaiswal, Aman Bachhawat, Vicky Menezes, Contract Manufacturing & Private Label (CMPL) Expo, Arjun Vaidya, Dr. Vaidya's, Redseer Strategy Consultants, GoKwik, Tracxn

#velocity #d2c #funding #contractmanufacturing

We are thrilled to recognize and celebrate the dedication and hard work of some of our outstanding team members who are marking their work anniversaries this month! Their commitment, passion, and expertise are what make Velocity thrive.  

Here’s to each one of you: Jainil Parekh, Gowtham B, Riya Panchal, Yesasvi Maricherla, Rajarshi Ghosh, and Leona Jennifer 

Your dedication and meticulous attention to detail have been instrumental in our success. We deeply appreciate your hard work and the positive energy you bring to the team every day. Here’s to many more years of success, growth, and shared accomplishments together!

#TeamAppreciation #WorkAnniversary #EmployeeRecognition #Dedication #HardWorkPaysOff #TeamWorkMakesTheDreamWork #EmployeeEngagement #CompanyCulture #CelebrateSuccess #VelocityTeam

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