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Finnable raises Rs 500 Cr in equity led by Z47 and TVS Cap

YourStory

YourStory · 1d ago

Finnable raises Rs 500 Cr in equity led by Z47 and TVS Cap

Finnable, a digital lender targeting salaried professionals outside the formal credit system, raised Rs 500 crore in an equity round led by Z47 and TVS Capital. The funds will expand its product suite, deepen partnerships with employers and financial institutions, and invest in data science and technology. The company, co-founded by Nitin Gupta and Amit Arora, maintains strong asset quality, achieved profitability with minimal equity burn, and aims to expand its loan book significantly.

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Finnable Raises INR 500 Cr To Expand Lending Portfolio, Strengthen Tech Stack

Inc42 · 7d ago

Finnable Raises INR 500 Cr To Expand Lending Portfolio, Strengthen Tech Stack

Finnable, a personal loan app, has secured INR 500 crore ($56.5 million) in an equity funding round led by existing investors Z47 and TVS Capital. The funding will be used to expand its product portfolio, enhance its technology platform, and expand its customer base. Earlier this year, the startup raised INR 30.5 crore in a Series B round led by TVS Capital and Malpani Group. Finnable provides quick, paperless personal loans up to INR 10 lakhs.

Digital lending fintech Finnable raises Rs 250 crore from Z47, TVS Capital - The Economic Times

Economic Times

Economic Times · 8d ago

Digital lending fintech Finnable raises Rs 250 crore from Z47, TVS Capital - The Economic Times

Digital lending fintech Finnable raised Rs 250 crore in a funding round led by Z47 and TVS Capital, increasing its total capital to Rs 540 crore. The Bengaluru-based startup plans to invest in technology, expand its branch network, and develop new products. Founded in 2015, Finnable offers personal loans and reported a consolidated revenue of Rs 278.49 crore in FY25. The firm also partners with banks for co-lending, primarily offering personal and property loans.

Exclusive: Finnable to raise Rs 250 Cr in new round

Entrackr

Entrackr · 2m ago

Exclusive: Finnable to raise Rs 250 Cr in new round

Exclusive: Finnable to raise Rs 250 Cr in new round Digital lending platform Finnable is set to raise Rs 250 crore (approximately $29 million) in its pre-series C round from Matrix Partners, TVS Capital, and India Nippon Electricals Limited. The company has passed a board resolution and allotted 3,35,238 Pre-Series C preference shares at an issue price of Rs 3,788.35 each and secured Rs 127 crore or $14.7 million. During the first tranche of the pre-series C round of Rs 127 crore, Matrix Partners has injected Rs 125 crore, while India Nippon pumped in Rs 2 crore. The remaining funds are expected to be infused shortly, completing the round. The development comes six months after Ranjan Pai’s family office invested Rs 40 crore in the company. According to Entrackr’s estimates, the company would be valued at Rs 1,300 crore or $150 million post-money. Before this round, MEMG Family Office LLP held 18.69% in Finnable, while Matrix Partners India and TVS Shriram Growth owned 14.53% and 8.05%, respectively. Co-founder and CEO Nitin Gupta retained over 24%. The cap table is set to shift with the fresh infusion from Matrix and TVS, alongside dilution of the founders’ stake. Founded in 2016 by ex-bankers Nitin Gupta, Amit Arora, and Viraj Tyagi, Finnable is a Bengaluru-based fintech startup offering personal loans to salaried professionals. The company is at the AUM of Rs 3,000 crore and has served over 2.7 lakhs customers. Finnable has yet to file its FY25 numbers. In FY24, the company posted a revenue of Rs 181.7 crore with losses of Rs 5.88 crore.

Exclusive: Ranjan Pai’s MEMG-backed Finnable to raise new round

Entrackr

Entrackr · 9m ago

Exclusive: Ranjan Pai’s MEMG-backed Finnable to raise new round

Finnable’s board has approved a special resolution to issue 92,831 preference shares at an issue price of Rs 3,290.95 each, raising Rs 30.55 crore, according to its regulatory filing accessed from the RoC. Digital lending platform Finnable is set to secure Rs 30.55 crore ($3.7 million) in a Series B funding round led by TVS Shriram Growth Fund, with participation from Malpani Retails Private Limited, Harsh Anand Jain, Neha Bagaria, Roopjyot Engineering, and other investors. Finnable’s board has approved a special resolution to issue 92,831 preference shares at an issue price of Rs 3,290.95 each, raising Rs 30.55 crore, according to its regulatory filing accessed from the RoC. TVS Shriram Growth and Malpani Retails will infuse Rs 19.40 crore and Rs 4.70 crore, respectively, while Harsh Anand Jain, Neha Bagaria, and other investors collectively will contribute the remaining Rs 6.45 crore. TVS Shriram Growth Fund is a private equity growth-expansion fund managed by TVS Capital. According to startup data intelligence platform TheKredible, Finnable will be valued at around Rs 866 crore (over $100 million) post-allotment. After the Series B round, MEMG Family Office LLP will hold an 18.69% stake in Finnable, while Matrix Partners India and TVS Shriram Growth will own 14.53% and 8.05%, respectively. Founded in 2016 by ex-bankers Nitin Gupta, Amit Arora, and Viraj Tyagi, Finnable is a Bengaluru-based fintech startup offering personal loans to salaried professionals. As of April 2021, Finnable raised $5.77 million over three funding rounds from 12 investors, including Manipal Global and MEMG Family Office. According to TheKredible, MEMG Group held 18.69% of the company as of the last funding round, while CEO Nitin Gupta retained a stake of over 24%. While Finnable has yet to file its annual report for FY24, the firm recorded over Rs 100 crore in revenue and Rs 19.51 crore loss in FY23.

Former Meesho Executive’s AI-Led Fintech Startup Oolka Raises $7 Mn Former Meesho Executive’s AI Startup Oolka Raises $7 Mn

Inc42 · 1m ago

Former Meesho Executive’s AI-Led Fintech Startup Oolka Raises $7 Mn Former Meesho Executive’s AI Startup Oolka Raises $7 Mn

Utkrishta Kumar’s new AI-led fintech venture Oolka has raised $7 Mn in its seed funding round co-led by Lightspeed India and Z47

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

YourStory

YourStory · 1y ago

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

Non-bank financial institution Northern Arc Capital has raised Rs 229 crore ($31 million) from anchor investors ahead of its upcoming initial public offering (IPO). The funds were collected by issuing over 87 lakh equity shares at Rs 263 each to anchor investors including SBI General Insurance, Kotak Mahindra Life Insurance, and Goldman Sachs. Northern Arc Capital's IPO, which consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 277 crore, is set to open for public subscription on September 16.

OYO's Innov8 raises Rs 110 Cr at Rs 1,000 Cr valuation

YourStory

YourStory · 9m ago

OYO's Innov8 raises Rs 110 Cr at Rs 1,000 Cr valuation

Innov8, a flexible workspace provider owned by OYO, raised Rs 110 crore at a Rs 1,000 crore valuation by diluting 10% equity. The oversubscribed round was led by family offices, including Mankind Pharma and Rupa Group. The funds will expand Innov8's centers to 100, support acquisitions, and technology upgrades. Currently operating over 30 centers, Innov8 aims to add 4 million square feet in Tier I cities like Delhi, Mumbai, and Bengaluru, strengthening financial stability and expansion.

Z47 stake in Ola Electric falls below 2% after recent partial exit

Entrackr

Entrackr · 3m ago

Z47 stake in Ola Electric falls below 2% after recent partial exit

Z47 stake in Ola Electric falls below 2% after recent partial exit Ola Electric’s early backers, Z47 (formerly Matrix Partners India) and Tiger Global Management, have trimmed their stakes in the Bengaluru-based company during the April–June 2025 quarter, as per stock exchange disclosures filed for the period. Z47 reduced its holding from 2.72% to 1.93%, a cut of approximately 0.81 percentage points. Based on an average share price of Rs 41, the VC firm is estimated to have earned around Rs 147–150 crore from the sale. Tiger Global also marginally reduced its stake from 3.45% to 3.24%, with an estimated Rs 39–45 crore. Its remaining stake, held via Internet Fund III, is currently valued at Rs 587 crore. The reduction in its stake in Ola Electric comes as Z47 actively explores secondary stake sales in other portfolio companies, including OfBusiness, Razorpay, and Dailyhunt’s parent VerSe. Despite the partial exits, both Z47 and Tiger Global remain on Ola Electric’s cap table with meaningful minority stakes. SoftBank, AlphaWave, Temasek, and Citigroup are some notable investors in the EV firm. Ola Electric’s revenue continues its downward spiral with yet another sharp drop in the latest quarter. Its revenue from operations decreased by 49.6% to Rs 824 crore in Q1 FY26, compared to Rs 1,644 crore in Q1 FY25. Its grew 23.3% year-on-year to Rs 428 crore during the same period. The company is currently trading at Rs 40.7 per share (as on 02 PM) with a total market capitalization of Rs 17,925 crore ($2.1 billion). Ola Electric also slipped to the third spot in July with 17,848 registrations, down 57% YoY, as its market share fell to 17.35%. Meanwhile, Ather Energy narrowed the gap with 16,231 units and a 15.78% share. The dip adds to Ola Electric’s mounting challenges as rivals like TVS and Bajaj consolidate their positions at the top.

SarvaGram Bags INR 565 Cr To Expand Its Lending Play

Inc42 · 1y ago

SarvaGram Bags INR 565 Cr To Expand Its Lending Play

SarvaGram, a lending tech startup, has raised INR 565 Crores ($67 million) in a Series D funding round led by Peak XV Partners. Existing shareholders, including Temasek, Elevar Equity, TVS Capital, and Elevation Capital, also participated in the round. The funding brings SarvaGram's total funding to INR 950 Crores.

LoanTap raises Rs 74 Cr to expand MSME supply chain financing

YourStory

YourStory · 5m ago

LoanTap raises Rs 74 Cr to expand MSME supply chain financing

LoanTap, a digital lending platform, has raised Rs 74 crore in a pre-Series C round to enhance its supply chain financing for small retailers. The funding includes Rs 54 crore in equity led by July Ventures and Rs 20 crore in venture debt. LoanTap's supply chain financing division, LT Credit, has financed over 4.5 lakh invoices worth Rs 1,000 crore for more than 50,000 retailers in two years, aiming to fund one million invoices next year.

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