Chennai headquartered Shrinithi Capital Pvt. Ltd. primarily focussing into commercial vehicle and two-wheeler loans has raised Rs. 300 crore as co- lending facility from IndoStar Capital Finance Ltd. IndoStar Capital Finance Ltd. is a 10,000 crore net worth company owned by Everstone Capital and Brookfield investment, Canada. Shrinithi Capital Pvt. Ltd. has announced about the tie up … Read more
DMI Finance Private Limited (DMI Finance) announced the completion of a $47 million equity investment round on Tuesday, including Sumitomo Mitsui Trust Bank Limited as a new investor. Established in 1925, SuMi Trust Bank is Japan’s largest trust bank with JPY 224 trillion (~USD 1.95 trillion) of custody assets and JPY 87 trillion (~USD 760 … Read more
FincFriends Pvt.Ltd, an NBFC, has raised $1 million in debt funding from Eclear Leasing & Finance Pvt. Ltd, a major lending NBFC. The company intends to use the financing approved by lenders in tranches for business expansion, growth, and cash flow efficiency. FincFriends has its own lending platform and app, RupeeRedee, which it uses to … Read more
LivFin India Private Limited, situated in Delhi, has raised $2 million in venture loan from BlackSoil, a significant NBFC and notable credit player. Livfin, a Delhi-based fintech NBFC, has been providing supply chain finance to mid-to-large corporations since January 2018, by setting up programmes to lend to their suppliers/vendors and distributors/dealers/retailers using a ‘Anchor’-based financing … Read more
Innoviti Payment, an enterprise payments solution provider, has received Rs 80 crore in the first close of its ongoing Series D round, which is a mix of debt and equity. Trifecta Debt Fund, Patni Advisors, and Bessemer Venture Partners participated in the round. This round also included Sanjoy Bhattacharya, Bharat Jaisinghani, and a slew of … Read more
BlackSoil, a new-age, sector-agnostic alternative lending platform, has raised $70 million for its NBFC using non-convertible debentures (NCDs). The funds raised in this round will primarily be used for lending activities, including a variety of loan products, to fund mid- and growth-stage startups in the startup ecosystem. Deep Tech, B2B Tech, Enterprise SaaS, FinTech, HealthTech, … Read more
Moneyboxx Finance Limited (Moneyboxx), a BSE-listed non-banking finance company that provides small-ticket loans to micro and small businesses in Tier-III towns and below, received INR 14.41 crores in equity capital from non-promoter investors through a private placement. Given the large unmet credit gap for micro enterprises, the company has improved its financial position with this … Read more
In a Series F round of funding, SK Finance, a Jaipur-based NBFC, raised Rs 400 crore (about $53 million) from IIFL Wealth and other new investors. TPG Growth, Norwest Venture Partners, Baring India, and Evolvence India Fund are among the investors in Ess Kay Fincorp, which was founded in 1994 and originally known as Ess … Read more
Capital Trust Limited (Capital Trust), a digitally enabled non-banking finance company (NBFC), specialising in providing income–generating micro business loans in tier 3-5 regions, recently enhanced its branch network by opening 71 New branches. Out of these, 20 New branches were opened in Eastern UP; 21 in Bihar; 13 in Jharkhand; 11 in Madhya Pradesh and … Read more
