Business
Mumbai Fintech Startup Raises ₹120 Crore in Series B Round
Funding to be used for expansion into tier-2 cities and new lending products.
Sneha Deshmukh
29 Aug 2026, 08:30 am Updated 29 Aug 2026, 08:30 am Mumbai
At a Glance
- What?
- A Mumbai-based fintech startup focused on small-business lending has closed a ₹120 crore Series B round led by two international investors.
- Where?
- Mumbai, Maharashtra
- When?
- 29 Aug 2026, 08:30 am
- Who?
- Sneha Deshmukh
- Why It Matters?
- This story affects the community directly involved and reflects a broader public issue worth tracking.
The company, which offers short-term working capital loans to small retailers, said the funding would go toward expanding operations into 40 additional tier-2 cities over the next 18 months.
"We've proven the model in metro markets. The real opportunity is in cities where formal credit access is still limited," the company's co-founder told The Top Interview.
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#Business#Startups#Mumbai#Fintech
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