Saarathi Finance Raises Rs 475 Cr to Finance MSMEs in Bharat's Underpenetrated Markets
• Saarathi Finance raises Rs 475 crore in Series A to address MSME credit gap in rural and semi-urban India.
• Backed by TVS Capital, Lok Capital, and others, the greenfield NBFC targets inclusive growth for Bharat.
• Funds to support underserved MSMEs across six Indian states, promoting financial inclusion and economic empowerment.
Saarathi Finance, a newly established greenfield NBFC with a vision to empower India's micro, small, and medium-sized enterprises (MSMEs), has raised Rs 475 crore as a part of its first financing round.
The capital will help plug the huge credit gap of MSMEs, namely in under-penetrated semi-urban and rural segments of Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Rajasthan, and Uttar Pradesh promoting inclusive growth for Bharat.
The marquee investors who participated in the Series A round were TVS Capital Funds, Lok Capital, Evolvence Equity Partners, Paragon Partners, and a panel of prominent angel investors, who invested around Rs 350 crore collectively.
The remaining amount came from the founders Vivek Bansal (CEO) and Sunil Daga (Co-founder) at a valuation of over Rs 900 crore.
We are now empowered to drive faster our mission of extending inclusive financial access to small and medium businesses in India. With genuine gratitude towards our investors, team, and well-wishers, we now embark on this transformational journey," said Vivek Bansal.
Gopal Srinivasan, MD and TVS Capital Funds Chairman, said, "Saarathi Finance symbolizes the inclusive growth that we believe is key to India's journey to become a $10 trillion economy. Their focus on semi-urban and rural MSMEs speaks wonderfully to our vision of empowering grassroots entrepreneurship."
Rajat Bansal, Managing Director, Lok Capital, added, "We have been following closely the development of secured micro-enterprise lending over the years and are of the view that innovation alongside capital is a key differentiator. Saarathi can be a next-generation leader in this space."
• Backed by TVS Capital, Lok Capital, and others, the greenfield NBFC targets inclusive growth for Bharat.
• Funds to support underserved MSMEs across six Indian states, promoting financial inclusion and economic empowerment.
Saarathi Finance, a newly established greenfield NBFC with a vision to empower India's micro, small, and medium-sized enterprises (MSMEs), has raised Rs 475 crore as a part of its first financing round.
The capital will help plug the huge credit gap of MSMEs, namely in under-penetrated semi-urban and rural segments of Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Rajasthan, and Uttar Pradesh promoting inclusive growth for Bharat.
The marquee investors who participated in the Series A round were TVS Capital Funds, Lok Capital, Evolvence Equity Partners, Paragon Partners, and a panel of prominent angel investors, who invested around Rs 350 crore collectively.
The remaining amount came from the founders Vivek Bansal (CEO) and Sunil Daga (Co-founder) at a valuation of over Rs 900 crore.
We are now empowered to drive faster our mission of extending inclusive financial access to small and medium businesses in India. With genuine gratitude towards our investors, team, and well-wishers, we now embark on this transformational journey," said Vivek Bansal.
Gopal Srinivasan, MD and TVS Capital Funds Chairman, said, "Saarathi Finance symbolizes the inclusive growth that we believe is key to India's journey to become a $10 trillion economy. Their focus on semi-urban and rural MSMEs speaks wonderfully to our vision of empowering grassroots entrepreneurship."
Rajat Bansal, Managing Director, Lok Capital, added, "We have been following closely the development of secured micro-enterprise lending over the years and are of the view that innovation alongside capital is a key differentiator. Saarathi can be a next-generation leader in this space."
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