Infinity Fincorp has successfully raised $35 million (approximately ₹290 crore) in equity funding, bolstered by investments from Jungle Ventures and Archerman Capital. This marks the second major tranche of funding for the company, following an initial round in March last year, also led by the same investors.
Jungle Ventures contributed $15 million, while Archerman Capital infused $10 million. The remaining $5 million was raised from other investors. Infinity Fincorp CEO Shrikant Ravalkar disclosed that the funding process experienced delays due to pending approvals from the Reserve Bank of India (RBI), which were finally secured in October 2024.
With the closure of this funding round, Infinity Fincorp’s valuation has surged to an estimated $150 million (around ₹1,200 crore). Established in 2016, the company operates a robust network of branches providing microloans secured against property. Its clientele primarily includes small business owners, skilled blue-collar workers, and rural professionals like farmers and cattle owners.
Infinity Fincorp’s assets under management (AUM) currently stand at ₹1,100 crore. The company has set an ambitious target to double this figure to ₹2,400 crore by the end of the financial year.
This funding is expected to drive Infinity Fincorp’s expansion plans, enabling it to deepen its presence in underserved regions and further empower local communities through accessible financial solutions.
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