PE-VC Fund Investments
NBFC Mufin Green Finance raises Rs.324-Cr from Sageone Capital, others
Delhi-based, publicly listed non-banking financial company (NBFC) Mufin Green Finance has raised INR 324 crore equity from Sageone Capital, Sandeep Kapadia, DS Group, and the MMG Family Office. NVS Corporate Advisors acted as the lead banker for the fundraise.Founded in 2016 by Kapil Garg and Rajat Goyal, Mufin operates across a portfolio of financial services platforms, including Mufin Pay, Vouchagram India Pvt Ltd, BimaPay, and Hindon Mercantile Ltd, focusing on credit and financial access for underserved segments.The new funds will be used to strengthen the company’s balance sheet and support the expansion of its technology-led lending platforms, such as insurance premium financing through BimaPay and salary advance products for government employees. The funding will also help accelerate disbursements, improve operational efficiencies, and support plans to scale fintech-driven credit solutions.
Between Oct 2022 and Feb 2026, Mufin Green Finance had attracted about USD 73 M from Incofin, BlueOrchard, DFC, Developing World Markets, Lighthouse Canton and others.
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