Infinity Fincorp Solutions, an NBFC specialising in tailored property loans for MSMEs, has raised $35 million from marquee investor Jungle Ventures and saw participation of Archerman Capital and Magnifico.

This investment, which received RBI nod in October 2024, has catapulted Infinity’s net worth to ₹530 crore, the company said in a statement.

“This fundraise significantly bolsters our capital position with Infinity’s net worth at ₹530 crore and capital adequacy at 62 per cent as against a regulatory requirement of 15 per cent,” said Shrikant Ravalkar, Founder, MD & CEO of Infinity.

Founded in 2016 by Shrikant Ravalkar, Infinity Fincorp provides credit access to a diverse range of businesses in Tier III and IV cities. It has surpassed ₹1,000 crore in Assets Under Management (AUM) as of November 2024, a 33 per cent growth since March 2024.

Growth track

With this momentum, the company is on track to grow its AUM to ₹1,300+ crore by March 2025, said Shrikant Ravalkar.

The company has reported a profit of ₹26 crore for FY24 and has forecast an increase to ₹47 crores for FY25.

“Aided by the capital raise, our AUM crossed the ₹1,000-crore milestone,” he added. “We remain committed to serving the vast untapped MSME landscape of India which has a potential credit gap of ₹78 lakh crore. With our in-house capabilities to serve the Indian MSMEs and access to growth capital from our marquee investors, we will deepen our footprint and accelerate our mission of extending credit to MSMEs across the country.”

Arpit Beri, Partner, India Investments at Jungle Ventures, said, “Our decision to double down on Infinity is a testament to their exceptional execution and ability to deliver in the MSME-secured lending space. While the broader market faces challenges, Infinity’s disciplined approach and high-quality portfolio stand out.”

Currently operating in eight States, Infinity lends to micro-entrepreneurs like tea shop owners, vegetable vendors, electricians, plumbers, and small manufacturers. Infinity has disbursed ₹562 crore over the last 12 months.