NBFC

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.