Indifi raising fresh funding of Rs 79 crore led by existing backer ICICI Venture
13 Jul 2026, 11:16 AMBritish International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
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Digital lending startup Indifi is raising around Rs 79 crore ($8.3 million) in a new funding round led by existing investor ICICI Venture, the Entrackr reported citing regulatory filings.
Other existing backers British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
ICICI Venture will contribute Rs 29 crore through its India Advantage Fund, while BII, Accel India, and Parul Alok Mittal will invest Rs 27 crore, Rs 14 crore, and Rs 9 crore, respectively.
After the transaction, BII will continue as the largest external shareholder with a 17.1% stake, followed by India Advantage Fund S5 I at 15.33% and Accel India IV (Mauritius) at 10.94%.
Based on Entrackr’s estimates, the transaction values Indifi at approximately Rs 1,418 crore, largely unchanged from its previous funding round in 2023, when the company secured $35 million led by ICICI Venture.
The fresh capital will be deployed towards expanding operations, strengthening infrastructure, meeting working capital needs, repaying debt, and other corporate requirements. The company may also bring in additional capital as part of the ongoing round.
Founded in 2015 by Alok Mittal and Siddharth Mahanot, Indifi offers unsecured business loans to small and medium enterprises through a technology-led lending platform. The company says it has facilitated more than 1.5 lakh loans across 400-plus cities through partnerships with over 80 lending institutions.
Indifi reported a 22.4% increase in operating revenue to Rs 360 crore in FY25 from Rs 294.24 crore a year earlier. However, its net loss expanded 64% to Rs 45.04 crore during the same period.
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