Infinity Fincorp Solutions, a leading non-banking financial company (NBFC) specializing in customized property loans for micro, small, and medium enterprises (MSMEs), has raised $35 million in a funding round led by Jungle Ventures.
This Singapore-based venture capital firm is a long-standing investor in Infinity and has reinforced its commitment to the company’s growth trajectory through this latest round.
Operating across eight states in India, Infinity Fincorp serves a diverse clientele, including tea stall owners, vegetable vendors, small-scale manufacturers, restaurants, and textile businesses. The company has made significant strides in addressing the financial needs of underserved segments like electricians, plumbers, carpenters, milkmen, and salon owners, offering tailored loan products to empower micro-entrepreneurs.
Founded in 2016 by Shrikant Ravalkar, Infinity Fincorp has demonstrated remarkable growth, surpassing ₹1,000 crore in assets under management (AUM) and setting an ambitious target of ₹1,300 crore by March 2025. This latest funding round follows previous milestones, including an $8 million round led by Archerman Capital and a $26 million investment from Jungle Ventures in May last year.
Infinity’s achievement adds to the growing momentum in the NBFC sector. Other key players in this space have also attracted significant investments recently. For instance, International Finance Corporation (IFC) is considering a $250 million investment in Shriram Finance Limited, while Jaipur-based Finova Capital secured $135 million in Series E funding. Similarly, Clix Capital raised $26.3 million in August, and Avanse Financial Services received $120 million in a round led by Mubadala Investment Company earlier this year.
With the fresh infusion of funds, Infinity Fincorp aims to deepen its reach among financially underserved micro-entrepreneurs, further strengthening its position as a vital enabler of grassroots economic growth in India
