Beams Fintech Fund leads ₹215 crore investment in MSME lender BNF. The round includes Baring Private Equity India, Saison Capital, and Unleash as co-investors.
Amount Raised
₹2.15 Billion
Round Type
Private Equity
IndiaFinancial ServicesFinanceFintechCryptocurrencyLendingBankingInvestors
Description
Beams Fintech Fund has led a ₹215 crore equity investment in Business Nextgen Finance Private Limited (BNF), a non-banking financial company specializing in secured lending to micro, small and medium enterprises. The round also included marquee investors Baring Private Equity India, Saison Capital Pte Ltd, and Unleash. Beams Fintech Fund and its affiliates will collectively hold more than 26 percent of BNF's paid-up equity share capital on a fully diluted basis. The transaction has received prior approval from the Reserve Bank of India.
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