Techfino raises Rs 65 Cr from Stellaris, Saison Capital

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Here’s the summarized information extracted from the provided text:

Startup Details

  • Startup Name: Techfino
  • Location: Bengaluru, India

Founders

  • Jayaprakash Patra (ex-ICICI Bank, ING)
  • Rajesh Panda (ex-Standard Chartered)
  • Ratikant Satapathy (ex-Bajaj Finance)

Funding Details

  • Funds Raised: Rs 65 crore (approximately $7.5 million)
  • Funding Investors:
    • Stellaris Venture Partners
    • Saison Capital (the venture arm of Credit Saison)

Fundraise Series and Date

  • Fundraise Series: Not explicitly mentioned (Assuming this is a seed or early stage based on typical funding structures)
  • Date: Not mentioned in the provided text

Business Model and Focus

  • Business Model: Secured MSME lending primarily through Loan Against Property (LAP) to MSMEs in tier II and III cities, along with education loans via a B2B2C model.
  • Operational Areas: Karnataka, Gujarat, Madhya Pradesh, Andhra Pradesh

Additional Details

  • Asset Under Management (AUM): Over Rs 200 crore
  • Loan Disbursal: Over 1 lakh loans
  • Profitability: Profitable since inception
  • Expansion Plans: Doubling branches and scaling operations over the next 3-5 years.

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2025-06-18 05:37:13