FlexiLoans raises Rs 665 Crores in six months, closes latest Rs 375 crore in Series C round
FlexiLoans
.com (Flexiloans), MSME-focused digital lending NBFC, announces a successful raise of Rs 375 crores in its Series C funding round. This follows a Rs 290 crore infusion in September 2024 taking the total funds raised to Rs 665 crores over the last 6 months. The round was led by investors — Fundamentum, Accion Digital Transformation,
Nuveen
,
Maj Invest
— and welcomed new investor British International Investment (BII), the UK's development finance institution.
The investment comprised of both primary equity to fuel operational expansion and secondary transactions to facilitate liquidity for existing investors. Prior to this round, the company raised capital from Sanjay and Falguni Nayar, MAJ invest, Fasanara capital along with other prominent family offices of erstwhile bankers.
The fresh capital will be used to expand operations, enhance product offerings, and strengthen technology infrastructure.
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Deepak Jain
, Co-founder, Flexiloans, said in a statement, 'We are pleased to have secured an additional Rs 375 crores from our existing investors and are proud to welcome BII to our cap table. This round not only enabled us to return capital to our early investors, but also gives us the firepower to double down on our mission—empowering underserved MSMEs across India with fast, accessible financing to grow, scale, and thrive. With a total of Rs 665 crores raised over the past six months, we are well-positioned to accelerate our growth and deepen our impact.'
Srini Nagarajan, Managing Director and Head of Asia, British International Investment, said in a statement, "We are delighted to support FlexiLoans in their mission to empower MSMEs across India with its innovative digital-only model. Financial inclusion is a key part of our strategy, and this investment underscores our commitment to supporting underserved businesses and entrepreneurs. By providing accessible financing, we aim to unlock new economic opportunities and drive sustainable growth in Tier 2 and Tier 3 cities, contributing to a more inclusive economy."
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India's MSME sector, which contributes about 30% to the country's GDP (around $1Tn), remains significantly underserved. With over 60 million MSMEs and fewer than 10% having access to formal credit, the firm aims to bridge this gap—particularly in Tier 2 and Tier 3 cities where access to working capital finance is limited. As the Indian economy continues to grow, the demand for MSME working capital financing is expected to rise sharply, presenting a substantial opportunity for FlexiLoans.
The firm has developed innovative, customised credit products that serve a broader and more diverse MSME base—maximising capital supply and accelerating financial inclusion across India
Till date, the firm has disbursed over Rs 10,000 crores in loans across 2,100+ towns and cities, with an AUM of Rs 2,300+ crores and 83% CAGR growth (FY22–FY25). It has supported 50,000+ MSMEs via 170k+ loans, with 66% in Tier 2, 3 and beyond, and over 10% of its loan book comprising women borrowers. The company has remained profitable for the past three consecutive years.
Unitus Capital acted as the exclusive advisor for the transaction.
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