Total amount raised
$182.9 Millions
Latest funding date
Location
FlexiLoans has successfully raised significant funding across multiple rounds, with notable investors including Accion and Maj Invest Equity. The platform specializes in providing flexible and quick financing solutions to SMEs in India.
Keep reading to explore the intricacies of FlexiLoans' fundraising journey and the investors backing this innovative platform.
What Is FlexiLoans?
FlexiLoans, founded in 2016, is based in Mumbai, Maharashtra, India. The company was established by Abhishek Kothari, Deepak Jain, Manish Lunia, and Ritesh Jain. FlexiLoans employs between 251-500 people, focusing on providing quick and flexible financing solutions to SMEs.
How Much Funding Has FlexiLoans Raised?
- Venture Round
- Amount Raised: $15M
- Date: October 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch and establish the platform in the market.
- Debt Financing
- Amount Raised: $7M
- Date: December 2017
- Lead Investors: Financial Institutions
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and expand lending capabilities.
- Venture Round
- Amount Raised: ₹1.5B
- Date: October 2020
- Lead Investors: Falguni and Sanjay Nayar Family Office
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological infrastructure.
- Debt Financing
- Amount Raised: $62M
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational needs and growth initiatives.
- Series B
- Amount Raised: $28M
- Date: June 2022
- Lead Investors: Maj Invest Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and product offerings.
- Debt Financing
- Amount Raised: ₹600M
- Date: February 2024
- Lead Investors: Vivriti Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance lending capacity and support business growth.
- Debt Financing
- Amount Raised: ₹750M
- Date: August 2024
- Lead Investors: JM Financial
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and increase loan disbursements.
- Series C
- Amount Raised: ₹2.9B (approximately $35M)
- Date: September 2024
- Lead Investors: Accion, Fundamentum, Nuveen
- Valuation at Round: Estimated at ₹1,200 crore (approximately $143M)
- Motivation Behind the Round: To expand operations, enhance product offerings, and strengthen technological infrastructure.
Total Amount Raised: $147M
Current Valuation: $143M
Key Investors
- Accion
- Details: Accion is a global non-profit organization dedicated to financial inclusion. It invests in companies that provide financial services to underserved populations.
- Investment Focus Areas: Financial inclusion, fintech, microfinance.
- Notable Investments: Konfio, Creditas, Coda Payments.
- Fundamentum
- Details: Fundamentum is a growth-stage investment fund co-founded by Nandan Nilekani. It focuses on scaling technology-driven companies in India.
- Investment Focus Areas: Technology-driven companies, growth stage, Indian startups.
- Notable Investments: PharmEasy, Spinny, Moglix.
- Nuveen
- Details: Nuveen is a global investment manager that provides investment solutions across various asset classes. It is the investment manager of TIAA.
- Investment Focus Areas: Real estate, private equity, fixed income.
- Notable Investments: Rivian, Impossible Foods, SpaceX.
- JM Financial
- Details: JM Financial is a leading financial services group in India. It offers a range of services including investment banking, asset management, and lending.
- Investment Focus Areas: Financial services, asset management, investment banking.
- Notable Investments: India Infoline, Motilal Oswal, Edelweiss.
- Vivriti Asset Management
- Details: Vivriti Asset Management specializes in debt financing and structured finance. It provides credit solutions to various sectors.
- Investment Focus Areas: Debt financing, structured finance, credit solutions.
- Notable Investments: Northern Arc Capital, Caspian Impact Investments.
What's Next for FlexiLoans?
FlexiLoans is poised to capitalize on the burgeoning digital lending market, particularly by expanding its operations and product offerings. With a recent infusion of Rs 290 crore, the company aims to disburse Rs 5,100 crore in loans this fiscal year, targeting underserved MSMEs. This growth is bolstered by partnerships with major e-commerce platforms and a robust digital infrastructure.
Future fundraising opportunities appear promising, given the strong investor confidence demonstrated in the Series C round. The company may explore additional equity and debt financing to support its ambitious growth targets. However, challenges such as managing credit costs and navigating regulatory landscapes remain. Balancing rapid expansion with sustainable profitability will be crucial for FlexiLoans' continued success.
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