Blostem raises seed round led by AC Ventures

Blostem, a  B2B infrastructure platform for fixed deposit (FD) distribution, has secured fresh seed funding from AC Ventures. This latest round adds to backing from Mobikwik and Kapil Bharti (co-founder, Delhivery), bringing the total seed funding to Rs 4 crore and valuing the startup at about Rs 45 crore.

The fresh funds will be channeled towards strengthening its FD offering, scaling up FD transaction volumes across partner platforms, and expanding into other banking, investment…