NBFC
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.
Moneyboxx Finance Raises INR 176 Cr to Support Micro-Entrepreneurs and Expand to 160 Branches
Moneyboxx aims to expand to 160 branches and reach an AUM of INR 1,300 crore by March 2025, up from INR 730 crore in March 2024.
Northern Arc Capital to Launch INR 777 Cr IPO on September 16
The IPO will remain open for public subscription until September 19, while anchor investors can participate starting September 13.
Clix Capital Raises INR 220 Cr in Equity Funding Led by Existing Investors
The Gurugram-based company plans to utilise these funds to strengthen its lending capabilities across the MSME, education, and healthcare equipment sectors and significantly invest in new-age technologies.
Northern Arc and Sai Life Look To Raise Funds Through IPO: Secures SEBI Green Light
Non-banking credit provider Northern Arc Capital and pharma company Sai Life Sciences, both have filed their respective draft papers with the Indian market regulator Securities and Exchange Board of India (SEBI) for a fundraising of a combined INR 7000 Crore.
The Digital Lender
. LoanTap has its own SaaS platform called LTFLoW, which enables the company to design and develop customized products.
Mufin Green Finance Bolsters EV Financing with LKP Finance Acquisition
NBFC focusing on electronic vehicle (EV) financing, Mufin Green Finance's acquisition will bring in INR 340 crores of equity capital into the business. This increased equity capital will help in building Mufin Finance's green portfolio enabling the alignment with sustainable goals and positively impacting the society.