• FlexiLoans raised ₹375 Cr in its ongoing Series C round, led by Nuveen and joined by BII and other investors.
  • The NBFC has disbursed over ₹10,000 Cr in loans across 2,100 towns and cities and aims to grow its AUM to ₹6,000 Cr.

Non-Banking Financial Company (NBFC) FlexiLoans has raised ₹375 Cr in its ongoing Series C funding round, combining both primary and secondary transactions.

The round was led by existing investor Nuveen, with continued backing from Fundamentum, Accion Digital Transformation, and Maj Invest. A new entrant, British International Investment (BII), also joined the cap table.

This latest infusion follows a previous tranche of ₹290 Cr raised six months ago, bringing the total Series C funding to ₹665 Cr.

According to the company, the new funding includes primary equity to support operational expansion and secondary transactions for partial exits of early high-net-worth individual (HNI) investors.

“It’s only the HNI shareholders who came in the first few rounds are given partial exits,” said cofounder Deepak Jain, clarifying that no institutional investors are exiting

Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, FlexiLoans is an online lending platform that serves SMEs and underserved segments with fast, flexible financing solutions.

The company plans to use the capital to scale operations, enhance its product suite, and upgrade its tech infrastructure.

FlexiLoans claims to have disbursed loans worth over ₹10,000 Cr across 2,100 Indian cities and towns, including ₹3,300 Cr in FY25 alone.

Its current AUM stands at ₹2,300 Cr, growing at a CAGR of 83% from FY22 to FY25, and is projected to reach ₹6,000 Cr.

The investment comes amid increased investor interest in NBFCs, as startups seek regulatory independence through NBFC licences.

Recent months have seen players like Flipkart, Jio Financial Services, and Vayana entering or expanding within the NBFC space. FlexiLoans, which has raised ₹746 Cr in equity and over ₹2,000 Cr in debt to date, says it has been profitable for three consecutive years.

Edited by Annette George