PE-VC Fund Investments
Lender to SMEs GrowXCD raises Rs.200-Cr led by Blue Earth Capital
Chennai-based fintech startup GrowXCD Finance has raised INR 200 crore in a Series B round led by Swiss-based Blue Earth Capital with participation from Prosus and existing investors including Lok Capital and UC Impower.The firm has allotted 1,56,92,344 Series B CCCPS (compulsorily convertible preference shares) at INR 127.61 apiece.Blue Earth Capital led the round by infusing INR 105 crore (USD 12 million), followed by Prosus with INR 69.4 crore (USD 7.9 million). Existing investor Lok Capital will invest INR 21.3 crore (USD 2.4 million); UC Impower and Anshul Agarwal invested INR 4.26 crore and INR 25 lakh, respectively.Founded in 2022 by Arjun Muralidharan and Sathish Kumar Vijayan, GrowXCD offers small property-backed mortgage loans and short-term unsecured business loans.
Between Nov 2023 and Jan 2025, GrowXCD had attracted about USD 14 M from Lok Capital, Unitus Capital and others.For FY24,GrowXCD had reported about INR 4 Cr in Operating Income and about INR 1 Cr in Net Loss.
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