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Fintech startup FinAGG raises $11 million in funding from Tata Capital, BlueOrchard
PRIVATEJan 29, 2024•over 2 years ago
Amount Raised
$11 Million
Round Type
Funding Round
NoidaSoftware Development
Investors
Prime Venture PartnerSmall Industries Development Bank Of India (Sidbi)Blue OrchardTata Capital
Description
FinAGG Technologies, a fintech startup that provides working capital solutions to micro, small and medium enterprises, raised $11 million in a Series A round of funding led by Schroders-backed BlueOrchard and Tata Capital. The Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partner also participated in the equity-based round. The company has also raised another million dollars by buying out the shares of early employees at the firm.
Company Information
Company
FinAGG Technologies
Location
Noida, Uttar Pradesh, India
About
FinAGG is a young Fin-Tech organisation, on a path to create and help finance India’s largest Distributor and Retailer network.
Founded and led by experienced professionals, who have been leaders in the finance Industry. Our Founders have been part of VC funded organisations earlier and have successfully exited it to large global companies.
FinAGG’s platform is trusted by over 20 of the largest corporate Houses in India. In such a short span of time Finagg has been disrupting the lending market. FinAGG has kept the SME/MSME and retailers of Atmanirbhar Bharat at the forefront of their vision, and are championing them as they represent the backbone of a large portion of the creation and consumption ecosystem throughout the country.
NoidaSoftware Development