FlexiLoans Secures ₹150 Crore in Funding
Indian lending startup FlexiLoans has raised ₹150 crore in a combination of equity and debt funding, marking a significant milestone in its growth trajectory. The equity funding round was spearheaded by the Falguni and Sanjay Nayar Family Office, the investment entity of prominent business figures Falguni Nayar, the founder of Nykaa, and her husband Sanjay Nayar, who serves as the India head of American private equity behemoth KKR.
Strategic Investment in Fintech Innovation
Commenting on the investment, a spokesperson from the Nayar Family Office lauded FlexiLoans.com for its robust fintech platform, strategic business partnerships, and meticulous underwriting processes. Emphasizing the vast potential of digital lending in India, particularly in the aftermath of the COVID-19 pandemic, the investment underscores the family office’s confidence in FlexiLoans’ capabilities to capitalize on this burgeoning market opportunity.
Expansion Plans and Growth Trajectory
With this latest infusion of capital, FlexiLoans has now amassed a total of ₹500 crore in equity and debt funding, positioning itself for accelerated growth and market expansion. Established in 2016 by graduates of the Indian School of Business—Abhishek Kothari, Deepak Jain, Manish Lunia, and Ritesh Jain—the startup aims to ramp up its SME lending operations while diversifying into supply chain financing and co-lending verticals.
Strategic Vision for Future Growth
Deepak Jain, co-founder of FlexiLoans.com, articulated the company’s strategic vision for the future, highlighting its commitment to profitability, sustainable growth, and risk management. Jain underscored the significance of the long-term capital infusion from the Nayar Family Office, citing it as a pivotal factor in the company’s decision-making process.
Recognition and Accolades
FlexiLoans’ stellar performance and innovative approach have earned it global recognition, with the startup being named among the ‘Emerging 50′ FinTechs globally. This recognition, as outlined in a report jointly released by KPMG and H2 Ventures, underscores FlexiLoans’ position as a trailblazer in the fintech landscape, further validating its growth trajectory and market potential.
