Explore the latest news, in-depth reports, and executive analysis tagged with #Msme.
The round also saw participation from Baring Private Equity India, Saison Capital Pte. Ltd. and UNLEASH, along with other investors.
The shares were picked up by a clutch of institutional investors, including Integrated Core Strategies (Asia), Singularity Large Value Fund III and F3 Advisors.
The funding round also saw participation from Luthra Group and follow-on investments from existing investors SVL-SME Fund (managed by SBI Ventures Limited), Rainmatter Capital, and 8X Ventures Fund I.
Eversource Capital and FMO, a Dutch entrepreneurial development bank participated in the funding round.
The startup will use the funds for developing a tech-based lending platform and expanding their customer base in India.
Out of the total allocation of 3.52 crore equity shares to the anchor investors, 76.74 lakh equity shares were allocated to two domestic mutual funds through a total of 4 schemes.
MSME lender Aye Finance's initial public offering (IPO) is set to open for bidding next week, February 9-11.
The union minister also proposed to top up the Self-Reliant India Fund with Rs 2,000 crore to continue support to micro enterprises.
![The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]](/upload/theheadandtale.com/2026/01/1769028277_4da8f25e96_lap_bl.jpg)
After regulatory tightening, fintech lending adapted through MSMEs and LAP – creating growth that looks safer, but may not be.
The dispute centres on what a person aware of the development describes as a dramatic collapse in Lendingkart's lending operations under the current management.
PhonePe partners with SIDBI to facilitate credit access to micro merchants through digital lending solutions integrated with Udyam Assist platform.
The profit during the financial year, ended March 31, 2025, stood at Rs 171 crore, compared to Rs 161 crore in FY24.
After posting a profit of Rs 62 crore in FY24, the nbfc Kinara Capital swung to a loss of Rs 351 crore in FY25.
Indifi’s cost of bad debt written off surged two times to Rs 45 crore in FY24.
Aye Finance's largest shareholder Elevation Capital (formerly SAIF Partners) is not participating in the offer for sale.
Revenue from co-lending - which accounted for 54% of the operating revenue - jumped by 88% to Rs 591 crore in FY24.
The deal, which includes an investment of up to Rs 252 crore ($30 million), is awaiting regulatory approval.
