PE-VC Fund Investments
Lender to MSMEs Prayaan Capital raises Rs.110-Cr led by Peak XV
Chennai-based Prayaan Capital has raised INR 110 crore in its Series A funding round, led by Peak XV Partners.Founded in 2018 by Madhan Mohan and Akash Chelvam, Prayaan Capital is an NBFC (non-banking financial company) which offers secured business and housing loans to MSMEs (micro, small and medium enterprises), traders, and service enterprises. In Jan 2026, Rangarajan Krishnan acquired a controlling stake in Prayaan Capital.The company plans to use the new capital to build its lending platform, expand its team, and grow presence across key MSME markets in India.
In Jan 2020, Prayaan Capital had attracted about USD 1.2 M from Accion International and others.For FY25, Prayaan Capital had reported about INR 17 Cr in Operating Income and about INR 2.46 Cr in Net Loss.
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