PE-VC Fund Investments
Digital lending platform Finnable to raise Rs.250-Cr
Bengaluru-based digital lending platform Finnable is to raise INR 250 crore (about USD 29 million) in a pre-Series C round from existing investors Z47 (formerly Matrix Partners India), TVS Capital, and others including India Nippon Electricals Ltd.Founded in 2016 by Nitin Gupta, Amit Arora, and Viraj Tyagi, Finnable offers personal loans to salaried professionals. The company claims to have an Assets Under Management (AUM) of INR 3,000 crore, having served over 2.7 lakh customers.In FY24, the company reported a revenue of INR 181.7 crore with losses of INR 5.88 crore.
Between May 2021 and Feb 2025, Finnable had attracted about USD 39 M from MEMG Family Office, TVS Capital, Z47 and others.
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