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Gurugram-based Indifi raises Rs 340 crore in funding

Digital financial services company Indifi Technologies on Wednesday said it has raised Rs 340 crore in funding, including Rs 140 crore of equity funding from investors like CX Partners and OP Finnfund Global Impact Fund I

Gurugram-based Indifi raises Rs 340 crore in funding
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Gurugram-based Indifi raises Rs 340 crore in funding 

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Digital financial services company Indifi Technologies on Wednesday said it has raised Rs 340 crore in funding, including Rs 140 crore of equity funding from investors like CX Partners and OP Finnfund Global Impact Fund I.

CX Partners and OP Finnfund Global Impact Fund I (the first Finnish global emerging markets impact fund) along with existing investors CDC Group (the UK's development finance institution), Omidyar Network, Flourish Ventures, Elevar Equity and Accel invested 140 crore in series D round of equity capital raise for Indifi Technologies, a statement said.

The company has also secured Rs 165 crore in debt financing from Vivriti, Northern Arc, SIDBI, along with other lenders, it added.

Additionally, US DFC (United States International Development Finance Corporation) has guaranteed Rs 35 crore of funding to Indifi. The series D round brings Indifi's total equity fund raise to date at over Rs 350 crore.

Indifi said it is also in advance conversation with select global funds for participation in the series D raise. Indifi operates an online lending platform that offers business loans to micro, small and medium enterprises (MSMEs) that have limited access to credit from financial institutions.

Dwaipayan Bhattacharjee
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