The startup raised the funding from Falguni and Sanjay Nayar Family Office and will utilize it to scale up its micro SME lending
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Digital lending startup FlexiLoans on Wednesday announced it has raised INR 150 crore through a mix of equity and debt lines. The fund has been raised from Falguni and Sanjay Nayar Family Office.
With the current funding, the Mumbai-based startup has raised INR 500 crore in a mix of both equity and debt since its inception in 2016 and banking relationships with over 13 financial institutions.
The startup will utilize the fresh capital infusion in scaling its micro SME lending and has significant alliance partnerships that will be announced this quarter by offering lending products. The startup