Latest news with #FlexiLoans
Time of India
5 days ago
- Business
- Time of India
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. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Schlechter Stuhlgang? Diese Methode funktioniert wie "auf Knopfdruck" Darmschutz Ratgeber Undo 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." Live Events 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.
Entrepreneur
5 days ago
- Business
- Entrepreneur
FlexiLoans Raises INR 375 Crore in Series C Round to Boost MSME Lending
he round was led by existing investors including Fundamentum, Accion Digital Transformation Fund, Nuveen, and Maj Invest, while British International Investment (BII), the UK's development finance institution, joined as a new backer You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Digital lending platform FlexiLoans has raised INR 375 crore in fresh equity funding as part of its Series C round, according to a press release issued by the company. The latest tranche adds to the INR 290 crore raised in September 2024, taking the total capital infusion to INR 665 crore over the last six months. The round was led by existing investors including Fundamentum, Accion Digital Transformation Fund, Nuveen, and Maj Invest, while British International Investment (BII), the UK's development finance institution, joined as a new backer. The investment mix includes both primary capital to drive operational expansion and secondary transactions that provided liquidity to early investors. Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, FlexiLoans operates as a digital-first NBFC focused on serving India's underserved MSME sector. The firm said the fresh funds will be used to scale operations, broaden its suite of credit products, and strengthen its technology platform aimed at small businesses, particularly in non-metro areas. Less than 10 per cent of the estimated 60 million MSMEs have access to formal credit. FlexiLoans targets this credit gap, with 66 per cent of its loan book spread across Tier II and Tier III cities. "We are pleased to have secured an additional INR 375 crores from our existing investors and are proud to welcome BII to our cap table," said Deepak Jain, co-founder of FlexiLoans. "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." FlexiLoans operates without physical branches, using a fully digital infrastructure to approve and disburse loans—often within 48 hours—by leveraging alternative data and digital partnerships. The firm has disbursed over INR 10,000 crore across more than 2,100 towns and cities. Its current assets under management (AUM) stands at INR 2,300 crore, with a compound annual growth rate (CAGR) of 83 per cent from FY22 to FY25. Srini Nagarajan, managing director and head of Asia at BII, said: "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." Unitus Capital acted as the exclusive advisor to the transaction.
