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Light Microfinance Secures INR 196 Cr In Series B Round

The funding will be used for geographical expansion into new states to diversify the company’s product lines and continued investments in technology and digital initiatives

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Light Microfinance announced that it has bagged Rs 196 crore in a Series B funding round. British International, UK’s Development Finance Institution (DFI) and Impact investor. The company’s existing investors, Nordic Microfinance Initiative (NMI), Triple Jump BV and Incofin IM also participated in the funding.

The company mentioned that the funding will be used for geographical expansion into new states to diversify the company’s product lines and continued investments in technology and digital initiatives. 

Deepak, founder and managing director of the company, mentioned that the platform has started providing real-time updates and information in various critical areas, including underwriting and cost-cutting. Further, the Series B investment will help Light rapidly expand its fintech offerings across sectors.

Furthermore, he added that the platform has already chalked out a multi-year roadmap and plans to continue building heavily on its cutting-edge technology platform and new products. Moreover, the new RBI guidelines for fintech have placed the company in a very advantageous position, especially when many companies are facing strong headwinds, especially those without a strong balance sheet.

Founded in 2009, Light Microfinance is headquartered in Ahmedabad and has operations across Gujarat, Rajasthan, Madhya Pradesh and Haryana.


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