Indifi raises Rs 40 crore in debt from BlackSoil Capital
30 Mar 2026, 03:29 PMThe fresh capital will be used to strengthen the platform's lending capabilities and support its growth,
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Indifi Technologies, a technology-driven digital lending platform focused on small and medium enterprises (SMEs), has raised Rs 40 crore in debt from BlackSoil Capital.
The fresh capital will be used to strengthen the platform's lending capabilities and support its growth, a statement said.
The Gurugram-based company, which was founded by Alok Mittal and Siddharth Mahanot in 2015, provides unsecured business loans to SMEs across India. It said that it leverages data analytics and technology partnerships to extend credit to businesses with limited access to traditional financing.
"The capital will allow us to deepen our reach and serve more entrepreneurs who are the backbone of the Indian economy," said Mittal, co-founder and executive chairman, Indifi.
Indifi has disbursed over 150,000 loans across more than 400 cities, and has partnered with more than 80 active lending institutions.
The company's revenue grew 22% to Rs 378 crore in the fiscal ended March 31, 2025.
Indifi has raised funding of over $100 million from investors including CDC Group, Accel, ICICI Ventures and Omidyar Network.
Established in 2016, BlackSoil is an alternative credit platform that is backed by investors including FMO, Gray Matters Capital, and Triodos Investment Management.
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