Digital SME lending platform FlexiLoans on Wednesday said it has raised Rs 150 crore in a mix of equity and debt lines from multiple investors, with the Falguni and Sanjay Nayar Family Office leading the fund infusion.
FlexiLoans claims to have disbursed over 30,000 unsecured loans worth over Rs 800 crore across 1,400+ cities pan-India. According to the startup, FlexiLoans has 100+ partnerships with India’s leading ecommerce ecosystems, payment gateways, and supply chain ecosystems.
Deepak Jain, Co-founder of FlexiLoans.com, said, “With this strong commitment by existing investors and industry veterans, FlexiLoans.com is now poised to enter the next phase of its growth journey that we have clearly crafted on the lines of profitability, growth, and risk control. We chose to accept this bid over other term sheets we had from a few institutional investors, given the long-term nature of this capital.”