+
Flexiloans Raises Rs 3.75 Bn in Series C to Expand MSME Lending
ECONOMY & POLICY

Flexiloans Raises Rs 3.75 Bn in Series C to Expand MSME Lending

Digital lending platform Flexiloans has secured Rs 3.75 billion in its Series C funding round, aimed at scaling operations and strengthening access to credit for micro, small, and medium enterprises (MSMEs) across India.

The round saw participation from existing investors Fundamentum, Accion Digital Transformation, Nuveen, and Maj Invest, alongside new investor British International Investment (BII), the UK’s development finance institution. This follows a Rs 2.90 billion raise in September 2024, taking the company’s total fundraising to Rs 6.65 billion within six months.

Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, Flexiloans offers a digital-first approach to MSME lending, leveraging technology and alternative data for rapid loan approvals. The company has disbursed over Rs 100 billion across 2,100 cities and towns, with 66 per cent of its loan book concentrated in Tier II and III locations. More than 10 per cent of its loans have supported women entrepreneurs.

The platform has remained profitable for the last three years and currently manages assets worth over Rs 23 billion. From FY22 to FY25, it reported a compound annual growth rate (CAGR) of 83 per cent.

The Series C funding includes both primary equity to support expansion and secondary transactions offering partial exits to early backers. The funds will be utilised to enhance product offerings, including secured and short-term working capital loans, and to further invest in technology infrastructure.

The company is targeting an AUM of Rs 40–50 billion over the next 12 to 18 months.

News source: Banking & Finance

Digital lending platform Flexiloans has secured Rs 3.75 billion in its Series C funding round, aimed at scaling operations and strengthening access to credit for micro, small, and medium enterprises (MSMEs) across India.The round saw participation from existing investors Fundamentum, Accion Digital Transformation, Nuveen, and Maj Invest, alongside new investor British International Investment (BII), the UK’s development finance institution. This follows a Rs 2.90 billion raise in September 2024, taking the company’s total fundraising to Rs 6.65 billion within six months.Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, Flexiloans offers a digital-first approach to MSME lending, leveraging technology and alternative data for rapid loan approvals. The company has disbursed over Rs 100 billion across 2,100 cities and towns, with 66 per cent of its loan book concentrated in Tier II and III locations. More than 10 per cent of its loans have supported women entrepreneurs.The platform has remained profitable for the last three years and currently manages assets worth over Rs 23 billion. From FY22 to FY25, it reported a compound annual growth rate (CAGR) of 83 per cent.The Series C funding includes both primary equity to support expansion and secondary transactions offering partial exits to early backers. The funds will be utilised to enhance product offerings, including secured and short-term working capital loans, and to further invest in technology infrastructure.The company is targeting an AUM of Rs 40–50 billion over the next 12 to 18 months.News source: Banking & Finance

Next Story
Infrastructure Urban

Companies in GIFT City IFSC Cross 400 Mark

As of July 31, 2025, a total of 409 companies are operating in the Gujarat International Finance Tec City – International Financial Services Centre (GIFT IFSC), Finance Minister Nirmala Sitharaman informed Parliament.In a written reply in the Lok Sabha, she highlighted that the number of firms in GIFT IFSC has grown nearly fivefold in less than five years — from 82 on October 1, 2020, to 409 by July 2025.The centre now hosts a wide range of entities, including those in banking, asset management, and allied services, alongside other financial segments.To support GIFT IFSC’s growth, the go..

Next Story
Infrastructure Urban

GMDA to Prepare Fresh DPR for Naurangpur Sewage Treatment Plant

The Gurugram Metropolitan Development Authority (GMDA) will prepare a fresh detailed project report (DPR) for the proposed 40 million litres per day (MLD) sewage treatment plant (STP) at Naurangpur. The move comes after it was found that a high-tension power line and a 24-metre-wide road pass through the site allocated for the project, requiring a revised plan.According to officials, the original 3.65-acre land parcel transferred from the Municipal Corporation of Manesar (MCM) was reduced to 2.89 acres following the road development. The presence of the power line further divided the land into..

Next Story
Infrastructure Transport

PM Inaugurates Bihar Highway and New Ganga Bridge

Prime Minister Narendra Modi will inaugurate a key highway project on Friday, connecting Aunta (Mokama) and Simaria (Begusarai), featuring a newly built 1.865-km bridge across the Ganga.The project establishes direct road connectivity between Mokama in Patna district and Begusarai. The bridge has been constructed parallel to the old two-lane rail-cum-road Rajendra Setu, which is currently under repair and restricts heavy vehicle movement.The new bridge will allow heavy vehicles to avoid a detour of nearly 100 km while travelling between north Bihar districts such as Begusarai, Supaul, Madhuban..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?