Private Equity PE Fund Investments
Lender to emerging middle class InPrime Finserv raises Rs.50-Cr led by Pravega Ventures
Bengaluru-based non banking financial company (NBFC) InPrime FinServ has raised INR 50 crore (around USD 6.02 million) in a Series A1 funding round led by Pravega Ventures. Existing investors Z47, InfoEdge Ventures and Kettleborough VC also participated in the round.Co-founded in 2021 by Sneh Thakur, Manish Raj, and Rajat Singh, InPrime Finserv offers customized financial products to emerging middle class customers.
Company website ↗ (opens in a new tab)
Between Oct-22 and Dec-23, InPrime FinServ had attracted about USD 4.59-M from Info Edge, Kettleborough VC, Z47 and others.For FY24, InPrime FinServ had reported about INR 1.48 Cr in Operating Income and about INR 4.40 Cr in Net Loss.