Bizloan, a Gurugram-based Non-Banking Finance Company (NBFC), has successfully garnered INR 35 crore in Series A funding. This financing round was spearheaded by the Michael & Susan Dell Foundation alongside BLinC Invest, with Resurgent India acting as the financial advisor.
Advancing Financial Inclusion for MSMEs
Established in 2016 by Rahul Jain, Abhishek Mishra, Girish Chawla, and Vikram Diwan, Bizloan operates as an RBI-registered NBFC-Type 2, specifically targeting India’s 5.5 crore micro, small, and medium enterprises (MSMEs). The organization’s core mission is to streamline credit access for these businesses. To date, Bizloan has disbursed INR 774 crore in loans via its 26 operational branches, positively impacting over 3,000 entrepreneurs across regions such as Haryana, Uttar Pradesh, NCR, Karnataka, and Rajasthan.
The recently secured funding will enable Bizloan to scale its operational presence into underserved Tier II and Tier III cities, aiming to address the pronounced credit accessibility gaps faced by smaller enterprises that are frequently marginalized by conventional financial institutions.
Strategic Utilization of Funds
The capital raised will be strategically deployed across three pivotal domains:
- Geographic Expansion: Aiming to serve over 2,500 micro and nano enterprises in underpenetrated areas within the forthcoming year.
- Product Innovation: Developing and launching tailored financial products that address the specific needs of MSMEs.
- Technological Enhancements: Investments in advanced technological frameworks will refine Bizloan’s proprietary ABC (Asset, Behaviour, Cashflow) methodology, which is instrumental in assessing borrowers with informal income streams or limited credit histories.
Executive Vision
Rahul Jain, Chief Executive Officer of Bizloan, articulated his confidence in the transformative potential of this funding:
“This investment provides us with a robust platform to accelerate our growth trajectory. By extending our footprint to smaller towns and cities, we aim to simplify credit access for underserved MSMEs. Additionally, we remain committed to fortifying our technological capabilities to drive operational efficiencies and cultivate sustainable business practices.”
Investor Perspectives
This investment underscores the steadfast confidence of leading investors in Bizloan’s vision and market approach.
Amit Ratanpal, Founder and Managing Director of BLinC Invest, emphasized the untapped economic potential of India’s smaller urban centers:
“Tier II and Tier III cities hold significant promise for India’s economic growth. However, the limited availability of formal credit channels remains a barrier for micro-entrepreneurs in these regions. Bizloan’s data-driven and innovative underwriting methodologies are uniquely positioned to address this challenge.”
Rakesh Goyal, Director at the Michael & Susan Dell Foundation, highlighted the broader socioeconomic implications of this investment:
“Micro and nano enterprises are critical drivers of economic growth and employment generation. Yet, their access to formal financial resources remains constrained. This funding will play a crucial role in empowering these businesses, enabling them to expand operations, enhance household incomes, and create sustainable employment opportunities.”
Sectoral Context
The MSME lending ecosystem in India has experienced a surge in investor interest. In January 2025, FlexiLoans secured INR 290 crore in Series C funding, while Clix Capital raised INR 220 crore in August 2024. These developments align with the Indian government’s policy focus on promoting small businesses, as emphasized in the Union Budget 2024-25.
Path Forward
Bizloan’s innovative approach to financial inclusion, supported by cutting-edge technology and strategic investor backing, positions it as a significant player in the MSME lending landscape. By addressing systemic credit gaps and expanding its operational scale, the company is set to catalyze sustainable growth among unorganized enterprises, further contributing to the broader economic development of India.
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