Social VC Investments
Lender to MSMEs Bizloan raises Rs.35-Cr from MSDF, Blinc Advisors
Bengaluru-based Bizloan has raised INR 35 crore (USD 4.22 million) in Series A round led by Michael & Susan Dell Foundation and BLinC Invest. Resurgent India acted as the financial advisor to Bizloan in this fundraise.Founded by Rahul Jain, Bizloan, a non-banking financial company (NBFC), provides credit to micro, small and medium enterprises (MSMEs). The startup has so far disbursed INR 774 crore in loans across 26 branches, supporting more than 3,000 entrepreneurs across Haryana, Uttar Pradesh, Delhi NCR, Karnataka, and Rajasthan.The company will use the capital to expand its footprint in underserved markets, enhance its suite of loan products, and strengthen its technology infrastructure. It aims to serve more than 2,500 micro and nano enterprises in the next 12 months.
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