Bizloan, a non-banking finance company (NBFC), has raised ₹35 crore in a Series A funding round led by the Michael & Susan Dell Foundation and Blinc Invest. The company provides loans to small and mid-sized businesses, especially in Tier II and Tier III cities.
With this funding, Bizloan plans to expand its branch network from 30 to 60 locations and enhance its technology. Since its inception, it has disbursed ₹774 crore in loans, supporting over 3,000 entrepreneurs. By making credit more accessible, Bizloan aims to bridge financial gaps and help small businesses grow across India.
What is Bizloan?
Bizloan is a non-banking finance company (NBFC) that provides credit solutions to small and mid-sized businesses, particularly in Tier II and Tier III cities of India. Founded in 2016 by Rahul Jain, Abhishek Mishra, and Vikram Diwan, the company focuses on funding micro, small, and nano enterprises (MSMEs) that face challenges in securing loans from traditional banks.
Bizloan evaluates borrowers using its ABC (Asset, Behaviour, Cashflow) credit model, which helps assess businesses with informal income backgrounds. Recently, the company raised ₹35 crore in a Series A funding round, co-led by the Michael & Susan Dell Foundation and Blinc Invest.
With this investment, Bizloan plans to expand its branch network from 30 to 60 locations and improve its technology infrastructure to enhance loan processing and accessibility. Since its inception, it has disbursed ₹774 crore in loans, supporting over 3,000 entrepreneurs across Haryana, Uttar Pradesh, Rajasthan, and Karnataka.
The company aims to double its loan book to ₹300 crore in the next year, further strengthening its role in bridging financial gaps for underserved businesses and driving economic growth in India.
Why is This Funding Significant?
This funding is significant because it will enable Bizloan to expand its reach, enhance its technology, and provide more financial support to underserved businesses. With the ₹35 crore raised in Series A funding, the company plans to double its branch network from 30 to 60 locations, focusing on new markets like North Karnataka, North Haryana, Uttarakhand, and Uttar Pradesh.
This expansion will help more than 2,500 micro and nano enterprises access credit, which is often difficult to secure from traditional banks. Additionally, Bizloan will use a portion of the funds to upgrade its technology infrastructure, streamlining the loan application and approval process for small businesses.
The company’s goal of doubling its loan book to ₹300 crore in the next year demonstrates its ambition to play a crucial role in India’s growing MSME sector. Furthermore, the involvement of the Michael & Susan Dell Foundation and Blinc Invest highlights investor confidence in Bizloan’s business model and impact-driven approach.
With a proven track record of disbursing ₹774 crore in loans and maintaining a low NPA rate, this funding will further strengthen Bizloan’s ability to bridge financial gaps and empower small businesses across India.
How Will the Funds Be Used?
The ₹35 crore raised in Bizloan’s Series A funding will be used primarily for expansion, technology enhancement, and business growth. A significant portion of the funds will be allocated to doubling Bizloan’s branch network from 30 to 60 locations, focusing on new markets such as North Karnataka, North Haryana, Uttarakhand, and additional areas in Uttar Pradesh.
This expansion will allow the company to serve more micro, small, and nano enterprises (MSMEs) that struggle to access traditional financing. Another key focus of the funding is technology enhancement. Bizloan aims to streamline its loan application and approval process by investing in advanced digital tools and data-driven credit assessment models.
This will improve operational efficiency and make loan disbursal faster and more accessible for small business owners. Additionally, the company plans to use the funds to scale its loan book from ₹165 crore to ₹300 crore in the coming year.
By providing more loans to underserved businesses, Bizloan aims to bridge the financial gap for small entrepreneurs and support economic growth in Tier II and Tier III cities.
Founders’ Perspective
Bizloan’s founders believe that the Series A funding will be a crucial step in expanding their reach and supporting small businesses in India. Rahul Jain, Co-Founder and CEO of Bizloan emphasized the importance of this investment, stating, “This current fundraising is basically a growth fund. Part of it would also be used for technology, but basically, this is a growth fund.“
He further highlighted the company’s mission to serve businesses in Tier II and Tier III cities, explaining, “At Bizloan, we fund in Bharat. We provide credit to customers who don’t have a documented income, which is our key niche and what we understand well.”
Jain also outlined their expansion strategy, saying, “Currently, we are in Haryana, UP, parts of Rajasthan, and Karnataka. We want to expand our network to 60 branches next year and double our loan book to ₹300 crore.”
The founders see this funding as an opportunity to bridge the financial gap for micro, small, and nano enterprises by leveraging technology and expanding their market presence, ultimately empowering more businesses across India.
Key Takeaways
- Successful Fundraising – Bizloan has raised ₹35 crore in Series A funding, co-led by the Michael & Susan Dell Foundation and Blinc Invest.
- Expansion Plans – The company plans to double its branch network from 30 to 60 locations, focusing on North Karnataka, North Haryana, Uttarakhand, and Uttar Pradesh.
- Support for Small Businesses – Bizloan aims to assist over 2,500 micro and nano enterprises in the next year by providing accessible financing.
- Technology Enhancement – A portion of the funds will be invested in digital infrastructure to streamline loan application and approval processes.
- Loan Book Growth – The company plans to increase its loan book from ₹165 crore to ₹300 crore in the coming year.
Conclusion
Bizloan’s successful ₹35 crore Series A funding marks a significant milestone in its journey to empower micro, small, and nano enterprises (MSMEs). With plans to expand its branch network to 60 locations and enhance technology-driven lending solutions, the company is poised for rapid growth.
By focusing on underserved markets in Tier II and Tier III cities, Bizloan aims to double its loan book to ₹300 crore and support over 2,500 small businesses in the next year. With strong investor backing and a commitment to innovation, Bizloan is set to become a key player in India’s evolving financial ecosystem.
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