Latest news with #AaleshAvlani
Entrepreneur
08-07-2025
- Business
- Entrepreneur
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. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Credit Wise Capital, a leading non-banking financial company (NBFC) specialising in two-wheeler and MSME lending, has raised INR 200 crore in its first institutional funding round, led by Trident Growth Partners (TGP). Of the total investment, INR 120 crore was contributed by TGP, a private equity firm focused on India's consumption-led growth. The capital infusion will be deployed to strengthen Credit Wise Capital's presence in tier II to tier IV cities across India. The company plans to triple its assets under management (AUM) over the next three years, expand its secured lending portfolio, and enhance its proprietary technology stack to accelerate credit inclusion for underserved communities. "This capital will enable us to reach more customers, strengthen our tech stack, and bring formal finance closer to those who have been excluded for too long," said Aalesh Avlani, Co-founder of Credit Wise Capital. "Our mission has always been to make credit simple, fast, and human; and with Trident's support, we are ready to scale that promise and accelerate financial inclusion in Bharat." Founded in 2018 by Aalesh Avlani and Gurpreet Singh Sodhi, Credit Wise Capital offers two-wheeler loans, loans against property (LAP), and licenses its proprietary SaaS-based credit platform to other NBFCs and financial institutions. Operating through a 'phygital' model—combining physical networks with digital underwriting—the company has built a robust presence in over 215 cities across 10 Indian states. As of March 2025, the firm's AUM stood at INR 645 crore, a 32% increase from INR 489 crore the previous year. With over 200,000 two-wheeler loans disbursed and a healthy capital adequacy ratio of 31.2%, Credit Wise Capital is emerging as a key player in India's financial inclusion landscape. "We are delighted to welcome Trident Growth Partners as a strategic partner who shares our long-term vision," added Gurpreet Singh Sodhi. "Their investment reaffirms our belief in leveraging technology and disciplined operations to create a transformative impact on the lending ecosystem." Trident Growth Partners' Managing Partner Atul Gupta noted, "Credit Wise Capital represents exactly the kind of founder-led business we look to back—solving real-world problems with tech-enabled scale. We're proud to support their journey toward becoming a full-stack financial partner for emerging India." With this funding, Credit Wise Capital is poised to expand deeper into Bharat, offering affordable, tech-enabled financial solutions where they are needed most.
Time of India
08-07-2025
- Business
- Time of India
Credit Wise Capital to raise Rs 200 crore through share sale
Credit Wise Capital (CWC), a non-bank lender with a focus on two-wheeler financing , is in the process of raising Rs 200 crore by selling shares in its first ever institutional investment . Bengaluru-based private equity fund Trident Growth Partners has led this funding round with Rs 120 crore for about 18% stake in 2019-born lending start-up, people aware said. The balance Rs 80 crore is being funded by large family offices and other investors. With this, CWC has expanded its net worth to Rs 275 crore. 'Trident Growth Partners is the first institutional investor on board, joining us as a long-term strategic partner,' Aalesh Avlani, co-founder of CWC, told ET. The capital will help the company grow business and strengthen its tech stack. Live Events This marks Trident Growth Partners' second investment in the non-banking space, managing partner Atul Gupta told ET. The private equity player raised Rs 1000 crore at the first close of its debut fund earlier this year. CWC, which started lending in 2021 with Mumbai as the first market, had Rs 646 crore assets under management at the end of March, up 32% from Rs 489 crore a year back. The company's capital adequacy ratio stood at 31.2%, with a gearing of 2.3x and the number of two wheelers financed had crossed over 200,000. "The aim is to take it to Rs 4,500 crore by March 2030 with a 50:50 split between two wheeler loans and micro loans against property," Avlani said. The company started offering Rs 5-10 lakh loans against property (LAP) to its existing borrowers only last month. "The two-wheeler will be the acquisition strategy. It'll be my high ROA product, and microlap will be my high AUM product," Avlani said. CWC follows a branchless model but its technology helped it to cater to customers in 215 cities across 10 states at present.
Economic Times
08-07-2025
- Business
- Economic Times
Credit Wise Capital to raise Rs 200 crore through share sale
Credit Wise Capital, a two-wheeler financier, is securing Rs 200 crore through its initial institutional funding. Synopsis Credit Wise Capital (CWC), a two-wheeler financing-focused non-bank lender, is raising Rs 200 crore through its first institutional investment round led by Trident Growth Partners, who invested Rs 120 crore for an 18% stake. The funding will fuel business growth and enhance CWC's tech capabilities. Credit Wise Capital (CWC), a non-bank lender with a focus on two-wheeler financing, is in the process of raising Rs 200 crore by selling shares in its first ever institutional investment. ADVERTISEMENT Bengaluru-based private equity fund Trident Growth Partners has led this funding round with Rs 120 crore for about 18% stake in 2019-born lending start-up, people aware said. The balance Rs 80 crore is being funded by large family offices and other investors. With this, CWC has expanded its net worth to Rs 275 crore. 'Trident Growth Partners is the first institutional investor on board, joining us as a long-term strategic partner,' Aalesh Avlani, co-founder of CWC, told capital will help the company grow business and strengthen its tech marks Trident Growth Partners' second investment in the non-banking space, managing partner Atul Gupta told ET. The private equity player raised Rs 1000 crore at the first close of its debut fund earlier this year. ADVERTISEMENT CWC, which started lending in 2021 with Mumbai as the first market, had Rs 646 crore assets under management at the end of March, up 32% from Rs 489 crore a year company's capital adequacy ratio stood at 31.2%, with a gearing of 2.3x and the number of two wheelers financed had crossed over 200,000. ADVERTISEMENT "The aim is to take it to Rs 4,500 crore by March 2030 with a 50:50 split between two wheeler loans and micro loans against property," Avlani company started offering Rs 5-10 lakh loans against property (LAP) to its existing borrowers only last month. ADVERTISEMENT "The two-wheeler will be the acquisition strategy. It'll be my high ROA product, and microlap will be my high AUM product," Avlani said. CWC follows a branchless model but its technology helped it to cater to customers in 215 cities across 10 states at present. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
