FlexiLoan has raised Rs 290 crore in its Series C funding round. The round attracted prominent global and domestic investors such as Accion, Nuveen, Fundamentum and Maj Invest with Unitus Capital serving as the exclusive advisor for the transaction.
This latest funding boost increases FlexiLoans’ total equity raised to Rs 636 crore, complementing the Rs 2,000 crore already secured in debt funding. The fresh capital will be used to scale operations, enhance product offerings and strengthen the company’s technological infrastructure.
Deepak Jain, Co- Founder, Flexiloans, expressed enthusiasm over the successful funding round, stating, “We are pleased to have secured Rs 290 crore in our Series C round from global blue-chip private equity funds that share our vision to empower MSMEs across India. This capital will enable us to expand our reach and further financial inclusion for underserved MSME businesses.”
Founded in 2016 by Deepak Jain, Ritesh Jain and Manish Lunia, FlexiLoans offers a fully digital approach to lending, providing term loans ranging from Rs 2 lakh to Rs 25 lakh, as well as supply chain financing from Rs 25 lakh to Rs 10 crore.
Radhika Shroff, Managing Director- Impact Investing, Nuveen, said, “With over 60 million small businesses in India needing working capital, FlexiLoans delivers a proven digital solution to scale financial inclusion, particularly in underserved Tier II and Tier III cities.”
FlexiLoans is poised to reach disbursements of Rs 5,100 crore by FY25, further solidifying its position as a leading digital lending platform for MSMEs across India.
