With participation from Archerman Capital and Magnifico, Infinity Fincorp Solutions, an NBFC that specializes in customized real estate loans for MSMEs, has raised $35 million from renowned investor Jungle Ventures.

According to a statement from the company, this investment, which got RBI approval in October 2024 has significantly increased Infinity's net worth to Rs. 530 crores.

Infinity Fincorp, established in 2016 by Shrikant Ravalkar, offers credit to a variety of enterprises located in Tier III and IV cities. As of November 2024, its Assets Under Management (AUM) had exceeded Rs. 1,000 crores, indicating a 33% increase since March 2024.

"With Infinity's net worth at Rs. 530 crore and capital adequacy at 62% as opposed to a regulatory requirement of 15%, this fundraise significantly bolsters our capital position," stated Shrikant Ravalkar, Founder, MD, and CEO of Infinity.

According to Shrikant Ravalkar, the company is expected to reach more than Rs. 1,300 crores in AUM by March 2025 with this momentum.

The company predicted that its FY25 profit would reach Rs. 47 crores, up from its FY24 profit of Rs. 26 crores.

"Infinity stands out due to its high-quality portfolio and disciplined approach, even though the market as a whole face’s challenges. Our decision to double down on Infinity is a testament to their exceptional execution and ability to deliver in the MSME-secured lending space," stated Arpit Beri, Partner, India Investments at Jungle Ventures.

At the moment, Infinity operates in eight states and provides loans to small business owners such as tea shop owners, vegetable vendors, electricians, plumbers, and manufacturers. Infinity has paid out Rs. 562 crores in the past year.