Infinity Fincorp Solutions and Dexif have raised fresh funding. Separately, former BharatPe COO Dhruv Dhanraj Bahl has launched its maiden VC fund with a target corpus of $14.4 million.
Infinity Fincorp raises $8m from Archerman Capital
Infinity Fincorp Solutions, an NBFC specialising in tailored property loans for MSMEs, has secured an additional $8 million from Archerman Capital.
The funding comes as an extension to the $26-million funding round led by Jungle Ventures, a Singapore-based independent VC firm, earlier this month. This brings the total funding raised in the round to $34 million.
The company plans to use the funds to accelerate credit to micro entrepreneurs and small businesses in tier 3 and 4 cities and towns across India.
Founded by Shrikant Ravalkar in 2016, Infinity currently operates a total of 88 branches across eight states in India, the company’s total loan book stands at Rs 800 crore across 20,000+ customers as of March 2024, and this figure is projected to grow to Rs 1,300 crore by March 2025.
RTP Global invests $4m in Dexif’s seed round
RTP Global on Thursday said it has invested $4 million in fintech firm Dexif’s seed funding round.
With the newly secured funding, Dexif is set to broaden its technological capabilities, invest in talent, and scale the business.
“The fixed income market, while actively traded, often faces challenges related to price discovery, accessibility for all investors, and transparency. Technology-driven ecosystems like Dexif can provide critical solutions to these issues, enhancing the market’s overall attractiveness and functionality for a broader range of investors,” Nishit Garg, partner at RTP Global’s Asia investment team, said.
RTP Global has a portfolio of over 110 startups including Cred, DeHaat, MPL, and Practo.
Former BharatPe COO launches $14m VC fund
Eternal Capital, founded and managed by former BharatPe COO Dhruv Dhanraj Bahl, has launched its maiden VC fund with a target corpus of Rs 120 crore ($14.4 million).
The early-stage fund also includes a greenshoe option of another Rs 120 crore, bringing its total capacity to Rs 240 crore.
Eternal Capital has received commitments from marquee operators and entrepreneurs such as Suhail Sameer (ex-CEO, BharatPe), Deep Kalra (founder, MakeMyTrip), Tarun Mathur (co-founder, PolicyBazaar), Vikas Gupta (CEO, VLCC), Adarsh Menon (president, ZoomCar), Nalin Negi (CEO, BharatPe), Sameer Chugh (founder, Mosambee), and Saurabh Vashishtha, Kunal Suri, and Amit Bagaria (founders, SimSim), among other names.
“We are one of the first & few operator-led VC firms in India. Globally, operator-led funds have outperformed more traditional peers due to their ability to connect easily, engage deeply, and add incremental value to the founders and the ventures they back.’ Bahl said.
