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Tech-enabled NBFC firm InPrime Finserv raises Rs 50 crore funding

  • InPrime Finserv, an NBFC firm focused on serving India’s emerging middle class, has raised Rs 50 crore in a Series A1 funding round led by Pravega Ventures.
  • The Bengaluru-based firm plans to use the fresh capital to expand into underserved markets beyond metro centers, catering to creditworthy households overlooked by traditional lenders.
  • InPrime Finserv targets 'Informal Prime Households,' including micro and nano entrepreneurs, self-employed professionals, small retailers, and individuals in farming and allied sectors, having disbursed nearly Rs 100 crore in loans since inception.
  • The firm intends to expand to 50 locations in the next year, enhance its product suite, and explore co-lending partnerships to diversify capital sources, aiming to reimagine the credit experience for India’s emerging middle class.

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