StartupsINVESTAnnounced
Vegafin secured up to ₹1,000 crore commitment and acquired majority stake in Bizloan
Gurugram, Haryana21 Oct 2026
Premji Invest, Norwest and Lok Capital committed up to ₹1,000 crore to Vegafin, an AI-driven MSME lending platform, according to a joint statement. The article says part of the capital has been used for Vegafin to acquire a majority stake in Gurugram-based NBFC Bizloan, with the remaining funds intended for platform development and expansion.
Why it matters
The funding and majority acquisition provide capital and an operating NBFC base to expand secured MSME lending using more digital and data-led credit assessment.
VegafinBizloan