NBFC

The funds will be deployed to drive innovation-focused growth initiatives and reinforce the company's lending capabilities to meet the rising credit demand from young, salaried, and digitally adept consumers.

The fresh capital aims to fuel expansion across two-wheeler financing, secured loans, and tech-driven credit enablement in tier II - IV Indian cities.

The fresh funds will be used to deepen its operational reach, enhance technological infrastructure, and introduce new personal credit products tailored to underserved consumers with limited access to formal credit.

The fresh capital will be deployed to strengthen Mahaveer's presence in South India, bolster its proprietary tech infrastructure, and serve a broader base of underserved customers who often rely on informal moneylenders.

This fundraising has led the company to reduce its fresh issue size to INR 1,840 crore from the previously planned INR 2,100 crore.

According to RBI data, credit growth to NBFCs decelerated sharply to 7.8 per cent in November 2024, down from 19 per cent a year earlier.

Funds will be used to scale EV mobility financing and leasing solutions for the MSME sector.

Between FY21 and FY24, NBFCs recorded a 32 per cent compound annual growth rate (CAGR) in MSME lending, albeit on a smaller base, compared to 20.9 per cent for private banks and 10.4 per cent for public sector banks.

As a wholly owned subsidiary of TapFin, GoGreen Capital will provide customised lending solutions to empower startups, MSMEs, fleet operators, and commercial businesses in the clean mobility, solar, and battery circularity sectors.

The funding will help the company expand its rooftop solar financing solutions, focusing on residential and MSME customers, particularly in Tier II and Tier III cities.

Niyogin Fintech Limited will separate its non-banking financial company, Niyogin Finserv Limited (newly incorporated 100 per cent subsidiary) and its 51 per cent subsidiary, iServeU.

The round was led by the Michael & Susan Dell Foundation and BLinC Invest, with Resurgent India serving as an advisor.

The fresh funds will enable Namdev Finvest to expand operations, serve underserved rural borrowers, and advance clean mobility and renewable energy initiatives, aligning with DFIs' goals of sustainability and inclusive financing.

The IPO comprises a fresh issue of equity shares worth INR 600 crore and an offer for sale (OFS) of equity shares aggregating up to INR 2,200 crore by existing shareholders.

The company is on track to grow its AUM to INR 1,300+ crore by March 2025, driven by a mission to bridge the vast credit gap within India's MSME sector.

With the raised funds, the Bengaluru-based brand aims to expand its lending portfolio, providing private schools and vocational students in Tier II and Tier III cities with essential financial support for infrastructure enhancement and skill-based learning initiatives.

This strategic acquisition aims to enable Bandhan Group to broaden its global presence, adding new operational hubs in the US, UK, and India.

The newly secured capital will be directed toward expanding Finova's loan book, investing in technology, and enhancing its geographic footprint.

Moneyboxx aims to expand to 160 branches and reach an AUM of INR 1,300 crore by March 2025, up from INR 730 crore in March 2024.

The IPO will remain open for public subscription until September 19, while anchor investors can participate starting September 13.

The Gurugram-based company plans to utilise these funds to strengthen its lending capabilities across the MSME, education, and healthcare equipment sectors and significantly invest in new-age technologies.