Private Equity PE-VC Fund Investments
NBFC Credit Wise Capital raises Rs.200-Cr led by Trident Growth Partners
Source Credit Wise Capital (opens in a new tab)Yourstory (opens in a new tab)
Mumbai-based NBFC (non-banking financial company) Credit Wise Capital has raised INR 200 crore in its first institutional funding round, led by Trident Growth Partners, which will infuse INR 120 crore for 18% stake. The remaining INR 80 crore will be contributed by family offices and other investors. The fresh funds will be used by the company for strengthening lending solutions across smaller cities.Founded in 2018 by Aalesh Avlani, Credit Wise Capital focuses on loans to buy two-wheelers.
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For FY24,Credit Wise Capital had reported about INR 110.41 Cr in Operating Income and about INR 3.68 Cr in PAT.