NBFC
Finway Accelerator Announces INR 100 Cr Investment Plan to Boost Startup Ecosystem by 2028
The initiative aims to empower promising startups across diverse sectors in seed, early, or growth stages with valuations below INR 100 crore.
GrowXCD Finance Raises INR 200 Cr from Blue Earth Capital and Prosus Ventures
The fresh funds will be used to expand GrowXCD's branch network, strengthen technology, and grow its lending portfolio across regions.
Fibe secures INR 225 Cr via NCD Issuance to Strengthen Lending Operations
The funds will be deployed to drive innovation-focused growth initiatives and reinforce the company's lending capabilities to meet the rising credit demand from young, salaried, and digitally adept consumers.
Credit Wise Capital Raises INR 200 Cr in Funding Led by Trident Growth Partners
The fresh capital aims to fuel expansion across two-wheeler financing, secured loans, and tech-driven credit enablement in tier II - IV Indian cities.
FincFriends Raises INR 98.5 Cr Debt Funding to Scale Digital Lending via RupeeRedee
The fresh funds will be used to deepen its operational reach, enhance technological infrastructure, and introduce new personal credit products tailored to underserved consumers with limited access to formal credit.
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.