Latest news with #InPrimeFinserv
Time of India
3 days ago
- Business
- Time of India
ETtech Deals Digest: Startups raise $62 million this week, down 34% on-year
Startups raised around $62.1 million during the week of July 5 to 11, marking a 34.3% drop from the $94.5 million raised during the same period last year, according to data from amount also marked a 72% decrease over the $221.4 million raised last activity, too, remained muted this week, with 16 transactions recorded during the period. This was nearly half of the 30 deals seen in the corresponding week last year. Khetika : Mumbai-based healthy foods company Khetika raised $18 million in a funding round from Narotam Sekhsaria Family Office and Anicut Capital. The round also saw participation from existing investors such as Incofin India Progress Fund, Rajasthan Gum Pvt. Ltd. and Shree Ram India Gums Ltd. Arteria Technologies : Supply chain collaboration software-as-a-service (SaaS) and financing platform Arteria Technologies raised around $11.7 million from ICICI Venture, the investment arm of ICICI Bank , in a funding round. The funding was a mix of primary and secondary capital. InPrime Finserv : Tech-enabled non-banking finance company (NBFC) InPrime Finserv raised around $6 million in a funding round led by Pravega Ventures. The round witnessed participation from existing investors Z47, InfoEdge Ventures, and Kettleborough VC.
Entrepreneur
7 days ago
- Business
- Entrepreneur
InPrime Finserv Raises INR 50 Cr Led by Pravega Ventures to Expand Credit Access
The funds will be deployed to deepen the company's presence in underserved regions across India, often referred to as 'Bharat', and broaden access to structured credit for the emerging middle class. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bengaluru-based NBFC InPrime Finserv has secured INR 50 crores (USD 6.02 million) in a Series A1 funding round led by Pravega Ventures, with continued support from existing investors Z47, InfoEdge Ventures, and Kettleborough VC. The funds will be deployed to deepen the company's presence in underserved regions across India, often referred to as 'Bharat', and broaden access to structured credit for the emerging middle class. Founded in 2021 by Sneh Thakur, Manish Raj, and Rajat Singh, InPrime Finserv is focused on empowering Informal Prime Households—micro and nano entrepreneurs, self-employed professionals, small retailers, and those in agriculture—through customized credit products delivered via a tech-first, risk-conscious approach. "InPrime's tech-first, self-service platform — reinforced by local field teams — lays the digital railroads these entrepreneurs deserve," said Rajat Singh, Co-founder and CEO of InPrime. "Our customers are the lifeblood of India's informal economy. When they grow, India accelerates toward its USD 10-trillion ambition — and we're proud to stand shoulder-to-shoulder with them." The company, operating under STK Credit Private Limited, offers a multi-product, multi-channel credit experience, and leverages tools like its vernacular Credit-O-Meter to identify high-intent borrowers. It has already disbursed INR 100 crores in credit to 7,500+ households. Rajat Singh, Co-founder and CEO, InPrime Finserv, said, "Our Prime customers — the emerging middle class driving India's informal economy — bring relentless drive and determination that keeps local economies humming. Yet, when it's time to fund their next leap, they are forced to stitch together loans, one painful step at a time." "We are fixing that. InPrime's tech-first, self-service platform — reinforced by local field teams — lays the digital railroads these entrepreneurs deserve, delivering formal-economy-grade service and real control in one place. When they grow, India accelerates toward its USD 10-trillion ambition — and we're proud to stand shoulder-to-shoulder with them," he added. In the coming 12 months, InPrime aims to expand to 50 locations across Karnataka, Uttar Pradesh, Rajasthan, and Haryana, while also strengthening its product offerings, exploring secured lending, and forging co-lending partnerships to diversify its capital base. "Expanding credit access for the real economy is core to India's path to becoming a developed nation. InPrime is applying first-principles and digital first thinking for Bharat's small businesses, upgrading the approach with their aspirations," said Avnish Bajaj, Founder and Investor, Z47. "The founding team of Rajat, Sneh, and Manish have an enviable through cycle track record of executional excellence in serving this customer set with deep empathy and are building a generational institution in financial services."
Time of India
07-07-2025
- Business
- Time of India
InPrime Finserv raises Rs 50 crore in Series A1 funding led by Pravega Ventures
BENGALURU: InPrime Finserv , a tech-enabled NBFC focused on India's emerging middle class, has raised Rs 50 crores in a Series A1 funding round. The round was led by Pravega Ventures with continued backing from existing investors Z47, InfoEdge Ventures, and Kettleborough VC. The capital will power InPrime expanding into deeper geographies — often referred to as 'Bharat' — where aspirational, credit-deserving households remain underserved by traditional finance. Founded in 2021 by Sneh Thakur, Manish Raj, and Rajat Singh , InPrime Finserv is focused on serving India's Informal Prime Households—aspirational customers with stable incomes and a strong drive for upward mobility. This segment includes micro and nano entrepreneurs, self-employed professionals, small retailers, and those engaged in farming and allied agri sectors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote The founding team brings deep experience in lending and financial services with past Leadership roles at Ujjivan Small Finance Bank . Rajat Singh, Co-founder and CEO, InPrime Finserv, said in a statement, 'Our Prime customers — the emerging middle class driving India's informal economy — bring relentless drive and determination that keeps local economies humming. Yet, when it's time to fund their next leap, they are forced to stitch together loans, one painful step at a time. We are fixing that. InPrime's tech-first, self-service platform — reinforced by local field teams — lays the digital railroads these entrepreneurs deserve, delivering formal-economy-grade service and real control in one place. When they grow, India accelerates toward its $10-trillion ambition — and we're proud to stand shoulder-to-shoulder with them.' Live Events A spokesperson from Pravega Ventures said in a statement, "India's emerging middle class is the engine of the country's next economic chapter. InPrime is building where it truly matters. They're expanding access and reimagining what a credit experience should look like for this segment. Their first-principle thinking, sharp customer insight and disciplined execution make them exactly the kind of company we back at Pravega' said . Since inception, InPrime has served over 7,500 households by providing nearly Rs 100 crore of credit to the emerging middle class. Over the next 12 months, the company aims to expand its footprint to around 50 locations, resulting in a presence across Karnataka, Uttar Pradesh, Rajasthan, and Haryana.
