On Tuesday, a digital lending Indian start-up Flexiloans raised USD 20.3 million (150 crore INR) in a mix of debt and equity financing. The vision of ‘Loans at click’, Flexiloans is steadily making its vision come true.
The funding round was led by numerous investors, with the infusion funding from the Falguni and Sanjay Nayar family office. The other round of investors, Vikram Sud, former head of operations Citibank along with former CEO of HDFC bank Anil Jaggia has also invested in the company.
Established in 2016 by alums of Indian School Of Business Abhishek Kotari, Deepak Jain, Manish Lunia, and Ritesh Jain.
The digital lending start-up lends growth capital to small and medium-sized enterprises (SMEs). Flexiloans has raised around USD 68 million (500 crore INR) after founded in 2016, according to a statement. The company has disbursed loans to 30,000+ worth INR 800 crore across 1400 cities in India.