Other Deals - Listed Firms
B2B fintech solutions provider Veefin raises Rs.51-Cr in equity, Rs.43-Cr in debt
Mumbai-based listed fintech SaaS company Veefin Solutions has raised INR 94.1 crore (about USD 11 million) through equity shares (13 lakh equity shares at INR 390 each to raise INR 50.7 crore) and convertible warrants (11.1 lakh convertible warrants worth INR 43.4 crore). The equity shares will be allotted to SR Global Fund, Piyush Avlani, Yayatikumar Bhatt, and 48 others, while the convertible warrants are issued to promoters Raja Debnath and Gautam Udani as well as non-promoters Tushar G. Agrawal and Priti Ashit Mehta.Founded in 2020, Veefin Group offers supply chain financing and digital lending solutions. It caters to banks, financial institutions, fintech firms, B2B (business-to-business) marketplaces, and large corporations.For FY25, Veefin’s profit more than doubled (112%) to INR 20.5 Cr compared to INR 9.7 Cr in the previous fiscal year. Meanwhile, its revenue from operations stood at INR 80.44 Cr in FY25, up 222% from INR 24.99 Cr in FY24.
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