Southern India’s MSME lender GrowXCD Finance has just raised a whopping ₹200 crore in its latest funding round, setting the stage for rapid expansion and technological upgrades.
Blue Earth Capital Leads the Charge
The funding round was led by Blue Earth Capital, which contributed ₹105 crore, while Prosus Ventures invested ₹70 crore. This marks GrowXCD’s second equity raise this year…
In a major vote of confidence for India’s booming MSME ecosystem, Seeds Fincap, a Gurugram-based NBFC, has just closed a Rs 50 crore pre-Series B funding round — and the impact could be transformational for thousands of small businesses across the country.
Led by existing backers Z47 and Lok Capital, and joined by new investors Norinchukin Capital and Alteria Capital, this fresh round gives…
NBFC Techfino Bags Fresh Capital to Expand MSME Lending in Tier 2 & 3 India
Bengaluru-based Techfino, a non-banking financial company (NBFC), has raised Rs 65 crore in equity funding in a round led by Stellaris Venture Partners and Saison Capital, the venture arm of Tokyo-listed Credit Saison.
Founded in 2019, the fintech-focused lender will use the new capital to expand its branch-led secured…
Lendingkart Finance Reports Massive Loss in FY25: What Went Wrong?
Lendingkart Finance, the digital lending arm of the Temasek-backed Lendingkart Group, has hit a financial rough patch. For the financial year ending March 2025, the company reported a net loss of ₹288.3 crore—marking a dramatic turnaround from the ₹60 crore profit it enjoyed just a year ago.
The loss before tax ballooned to…
InCred Finance, the consumer and MSME lending arm of InCred Group, has just announced the appointment of Gaurav Maheshwari as its new Chief Financial Officer (CFO), starting December 16, 2024. This strategic hire comes at a key moment for the company, which is gearing up for a major Initial Public Offering (IPO) as part of its plan to expand further and solidify its position in the financial…
Temasek’s Fullerton Financial Holdings (FFH) is making a significant move in India by acquiring a controlling stake in Lendingkart, a digital lending platform focused on small and medium enterprises (SMEs). Here’s a closer look at the deal and its implications.
What’s Happening?
Fullerton Financial is set to invest ₹252 crore (approximately $30 million) in Lendingkart, pending regulatory…
Overview of the Funding Round
FlexiLoans, a prominent digital non-banking financial company (NBFC) specializing in loans for micro, small, and medium enterprises (MSMEs), has successfully raised Rs 290 crore in its Series C funding round. This significant capital infusion was led by a consortium of global investors, including Accion, Nuveen, and Fundamentum, backed by Nandan Nilekani. Existing…
