The funding includes an equity component of Rs 140 crore led by CX Partners and OP Finnfund Global Impact Fund I, and Rs 200 crore in debt financing from Vivriti, Northern Arc, SIDBI, and other lenders, the company said.
The company may extend its Series D round by raising more capital, it said.
“Indifi is also in advance conversation with select global funds for participation in the Series D raise,” it said.
Indifi will use the funds to serve more customers, identify additional segments of micro, small and medium enterprises (MSMEs), and for technology and product development, the company said in a statement.
With this funding round, the company has raised Rs 350 crore in total equity financing.
“Although India is home to numerous MSMEs, most of them lack access to…