• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

FlexiLoan acquires Rs. 150Cr fund from debt and equity financing

by Chhavideep Singh
October 29, 2020
in Business
Reading Time: 2 mins read
0
FlexiLoan acquires Rs. 150Cr fund from debt and equity financing
TwitterWhatsappLinkedin

FlexiLoan is a leading digital loaning platform for Small and Medium Enterprises which has recently raised funds worth Rs. 150 Crore in a mix funding round of debt and equity lines from various investors. The funding was led by Falguni and Sanjay Nayar Family Office.

You might also like

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

The SME loan giver has approximately risen over Rs. 500 Crore in the mix equity and debt funding since its inception which was back in 2016. This figure is inclusive of the recent Rs. 150 Crore funding that the company has acquired.

Credits: https://rb.gy/b4vddt

When asked about the plans to proceed with this fresh funding, FlexiLoan commented that it will use these newly acquired funds to scale up their Micro Small and Medium Enterprises lending business. Next, the company has few partnerships and alliances lined up to be made public by this fourth quarter, the new funding shall also be used for offering innovative lending products and services that are differentiated from the rest of the market.

The loan provider has a fully established supply chain which they are looking to grow, along with this there are other co-lending verticals which will be given attention, once both of these operations scale up, the company believes that they will witness significant growth in the post-COVID-19 era of the world, especially India.

FlexiLoan was founded by four Indian Business school pass-outs, Deepak Jain, Manish Lunia, Abhishek Kothari and Ritesh Jain. Founded in 2016, the company aims to provide loans to Small and Medium Enterprises to fulfil their requirements as a business if they are not able to avail loans from banks or other financial institutions. FlexiLoan is their go-to solution for instant loans as a business.

The company claims to have provided more than 35,000 unsecured loans worth Rs. 1000 Crores across more than 1,500 cities and these figures speak for the success and opportunities that the FlexiLoan has provided to SMEs.

Credits: https://rb.gy/feogum

On average, Lending has been a keen area of interest for investment firms and investors. Even with the market being down by 5-10% during the lockdown period, Investment remains as the most attractive and rewarding areas of the financial-technological sector for investment purposes.

FlexiLoan has been ranked amongst the top 100 financial-tech start-ups globally and is one of the biggest digitally lending platforms started with a vision and purpose to provide loans at a click of a button to solve the financial crises that SMEs go through while accessing quick and flexible funds.

Tags: FlexiLoan
Tweet54SendShare15
Previous Post

BigBasket to sell majority stake worth USD 1 billion to Tata Group

Next Post

Blue-collar company, Betterplace raises $10 Mn in Series B funding round led by Jungle Ventures

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: [email protected]

Recommended For You

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

by Anochie Esther
June 15, 2025
0
Boeing 787-8

India’s civil aviation sector is in mourning following one of its deadliest air disasters in recent history. An Air India Boeing 787-8 Dreamliner en route to London’s Gatwick...

Read more

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

by Anochie Esther
June 15, 2025
0
Boeing

In a significant development that reflects the ongoing turmoil within the global aerospace industry, Boeing has laid off up to 180 engineers from its India operations as part...

Read more

NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

by Rounak Majumdar
June 14, 2025
0
NCLT Ahmedabad Admits Gensol Into Insolvency on IREDA’s Plea

The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Gensol Engineering Limited (GEL) and its subsidiary, Gensol EV Lease (GEVL), into insolvency proceedings following a petition by...

Read more
Next Post
Blue-collar company, Betterplace raises $10 Mn in Series B funding round led by Jungle Ventures

Blue-collar company, Betterplace raises $10 Mn in Series B funding round led by Jungle Ventures

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?