Fund News
Fintech co. Oxyzo launches credit fund targeting Rs.3,000-Cr; makes first close
Gurugram-based fintech unicorn Oxyzo has launched Oxyzo Credit Fund I (OCF-I), a credit fund and a Category II Alternative Investment Fund facilitated by its subsidiary, Oxyzo Investment Manager Pvt Ltd. OCF-I has completed its first close, drawing investments from high-net-worth individuals, family offices, and institutional investors. Tourism Finance Corporation of India (TFCI) has approved an investment of up to 5% of OCF-I's total corpus.OCF-I aims to provide secured credit to mid-sized, investment-grade companies to support their growth capital requirements. The fund management arm intends to scale its assets to approximately INR 3,000 crore over the next four to five years across various strategies, with a focus on ESG-compliant companies.Co-founded by Ruchi Kalra in 2017, the company operates as a technology-led NBFC (non-banking financial company), lending to small and medium enterprises (SMEs), and has expanded into structured credit and fund management through its new subsidiary.
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