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Incred Financial Services, a retail-focused non-banking financial company (NBFC), is aiming to raise $125-150 million in funding at a valuation of up to $1.5 billion. The funds will be used to expand Incred's loan book, particularly in the areas of personal loans, education loans, and SME loans. The company is seeking to dilute around 10% stake in this fundraising round.
BII, OP Finnfund Global Impact Fund I, Omidyar Network, Flourish Ventures, and CX Partners also participated in the round.
Private equity firm Warburg Pincus has acquired a controlling stake in Vistaar Finance, an NBFC lending to micro, small and medium enterprises in India, the ......
PE firm Warburg Pincus has acquired a 90% stake in India’s Vistaar Finance, which lends to small and medium businesses in the country.
Pune-based Bike Bazaar Finance, which focuses on financing pre-owned as well as new two wheelers and counts investors such as Elevar Equity, Faering Private Equity ......