Clix Capital, a New Delhi, India-based nonbank financial company (NBFC,) secured INR 220 Cr in equity capital.
The round was led by existing investors Apollo Global Management, Pramod Bhasin and Anil Chawla.
The company intends to use the funds to strengthen its lending capabilities across the MSME, Education, and Healthcare Equipment sectors, enhance its credit profile & significantly invest in new age AI & ML technologies.
Co-founded by industry veterans, Pramod Bhasin and Anil Chawla in 2016 through the acquisition of the lending and leasing business of GE Capital, and led by Rakesh Kaul, CEO, Clix Capital is a NBFC with a focus on leveraging technology and analytics to offer innovative lending solutions to India’s MSME sector. The company offers lending solutions in the form of Secured and Unsecured Business Loans, Healthcare Equipment Finance, Mortgage Finance, and Educational Infrastructure Lending.
The company has achieved AUM CAGR over 30%, having supported thousands of MSMEs in their growth ambitions and job creation efforts. The company’s current AUM stands over INR 6,000 Cr with GNPA of less than 2% and has surpassed INR 26,000 Cr in total lifetime disbursements. With a workforce of more than 1,000 employees and phygital presence, Clix Capital has expanded its operations in over 2,100 pin codes pan India.
FinSMEs
01/08/2024