Anicut Capital instills Rs.35crore Debt Fund in Chennai-based M2P Fintech

M2P Fintech, a Digital marketing infrastructure company has elevated Rs. 35 crore debt from Anicut Capital. This acquisition seems to be the very first debt round for the Chennai-headquartered company.

According to the company’s regulatory filing sourced from RoC shows, the official panel of the M2P Fintech has reported a resolution to issue 350 NCD – Non convertible debentures at an issue cost of Rs. 10,00,000 each to raise Rs. 35 crore.

In the month of January 2022, the firm has lifted $56 million in a equity round directed by Insight Partners at a total valuation of $600 million.

M2P Fintech has been seizing companies at continuous intervals which are seemed to be fostered at amplifying it API infrastructure. Similarly, in last year December, the company seized Goals101. Also it carried over the validation startup Syntizen in the month of July.

As well, in June 2022, M2P presented a partial exit to its initial investor early backer 8i Ventures. The early-stage backer ensured to have gained 36X multiple on its initial investment with IRR of 415 percent in two years.

Whereas the company is so far to complete its financial numbers of FY23. In 2022, the revenue of the company hiked 4.6X to Rs. 194 crore in FY22. As per the report of TheKredible - Startup data intelligent platform, the losses of company inflamed 6.2X to Rs. 41 crore throughout the fiscal year from Rs. 6.6 crore in FY21.