VC Fund Investments
MSME financier FinAGG raises $11-M fromTata Capital, Blue Orchard
Noida-based FinAGG Technologies , a cash-flow financier for small and medium businesses (SMBs), has raised USD 11 million in a Series A funding round led by Tata Capital Limited and Switzerland-based investment firm Blue Orchard. Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partners participated in the round. Additionally, Gray Matter Capital invested through non-convertible debentures.The supply chain financing company plans to use the new funding to expand its omnichannel presence, enhance global outreach, and invest in product innovation.Founded in 2019 by Nipun Kohli and Srini Ramki, FinAGG Technologies offers working capital assistance to over 85,000 SMBs through integrations with public digital infrastructure solutions such as Unified Payments Interface (UPI), Aadhaar, and GSTN, among others. FinAGG also services financial institutions. FinAGG claims to have disbursed loans upwards of INR 5,200 crore to date.
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