Prayaan Capital, led by Rangarajan Krishnan, former JMD and CEO of Five-Star Business Finance, has successfully raised Rs 110 crore in a Series A round led by Peak XV Partners. This funding will support the development of Prayaan Capital’s cutting-edge lending platform, team expansion, and market growth within India’s MSME sector.
Rangarajan Krishnan aims to revolutionize MSME lending by merging traditional underwriting expertise with a technology-centric strategy spanning sourcing, underwriting, and collections. The company intends to bridge the estimated $300 billion credit gap faced by small businesses in India.
Prayaan Capital’s vision combines branch-led distribution strengths with a tech-enabled operational model. By harnessing digital tools and in-depth customer insights, the company seeks to enhance credit accessibility and serve small enterprises more efficiently.
Specializing in technology-driven MSME lending, Prayaan Capital is dedicated to empowering underserved entrepreneurs in India through a blend of expert underwriting and advanced technology.
Source: Entrackr : Latest Posts