NBFC
Mahaveer Finance India Secures INR 200 Cr in Series C Led by Elevation Capital
The fresh capital will be deployed to strengthen Mahaveer's presence in South India, bolster its proprietary tech infrastructure, and serve a broader base of underserved customers who often rely on informal moneylenders.
Hero FinCorp Raises INR 260 Cr in Pre-IPO Round
This fundraising has led the company to reduce its fresh issue size to INR 1,840 crore from the previously planned INR 2,100 crore.
Is India Doing Enough to Fuel NBFC Growth?
According to RBI data, credit growth to NBFCs decelerated sharply to 7.8 per cent in November 2024, down from 19 per cent a year earlier.
Mufin Green Finance Raises USD 18 Mn to Expand EV Financing
Funds will be used to scale EV mobility financing and leasing solutions for the MSME sector.
NBFCs Are Quietly Powering India's MSME Revolution
Between FY21 and FY24, NBFCs recorded a 32 per cent compound annual growth rate (CAGR) in MSME lending, albeit on a smaller base, compared to 20.9 per cent for private banks and 10.4 per cent for public sector banks.
TapFin Expands Sustainability Push with New NBFC – GoGreen Capital
As a wholly owned subsidiary of TapFin, GoGreen Capital will provide customised lending solutions to empower startups, MSMEs, fleet operators, and commercial businesses in the clean mobility, solar, and battery circularity sectors.
Credit Fair Secures USD 5 Mn to Boost Rooftop Solar Financing
The funding will help the company expand its rooftop solar financing solutions, focusing on residential and MSME customers, particularly in Tier II and Tier III cities.
Niyogin Fintech Announces Demerger for NBFC and iServeU; Plans Independent Listings
Niyogin Fintech Limited will separate its non-banking financial company, Niyogin Finserv Limited (newly incorporated 100 per cent subsidiary) and its 51 per cent subsidiary, iServeU.
Bizloan Sets Ambitious Growth Plans After Securing INR 35 Cr in Series A Funding
The round was led by the Michael & Susan Dell Foundation and BLinC Invest, with Resurgent India serving as an advisor.
Namdev Finvest Secures USD 38 Mn Debt Funding to Drive Sustainable Growth
The fresh funds will enable Namdev Finvest to expand operations, serve underserved rural borrowers, and advance clean mobility and renewable energy initiatives, aligning with DFIs' goals of sustainability and inclusive financing.
Veritas Finance Files for INR 2,800 Cr IPO, Aiming to Expand Lending Portfolio
The IPO comprises a fresh issue of equity shares worth INR 600 crore and an offer for sale (OFS) of equity shares aggregating up to INR 2,200 crore by existing shareholders.
Jungle Ventures Leads USD 35 Mn Funding Round for Infinity Fincorp to Expand MSME Reach
The company is on track to grow its AUM to INR 1,300+ crore by March 2025, driven by a mission to bridge the vast credit gap within India's MSME sector.
Varthana Raises USD 15 Mn from BlueOrchard to Transform Affordable Education in Underserved Communities
With the raised funds, the Bengaluru-based brand aims to expand its lending portfolio, providing private schools and vocational students in Tier II and Tier III cities with essential financial support for infrastructure enhancement and skill-based learning initiatives.
Bandhan Group Ventures into IT Sector with Genisys Acquisition
This strategic acquisition aims to enable Bandhan Group to broaden its global presence, adding new operational hubs in the US, UK, and India.
Finova Capital Secures USD 135 Mn in Series E Funding to Expand MSME Financing
The newly secured capital will be directed toward expanding Finova's loan book, investing in technology, and enhancing its geographic footprint.