Finnable set to raise ₹250 crore in pre-Series C; secures ₹127 crore first tranche

Anish Dhawan

| 2025-09-19 | Business Stories, Funding Feed

Finnable, Matrix Partners, India Nippon Electricals, TVS Capital, Ranjan Pai, MEMG, consumer lending, fintech funding, startup investment, Bengaluru startups

Consumer lending platform Finnable is lining up a ₹250 crore pre-Series C round, with ₹127 crore already raised in the first tranche, according to a board resolution filed with the Registrar of Companies. The tranche includes ₹125 crore from Matrix Partners and ₹2 crore from India Nippon Electricals Ltd., with the remaining capital expected to close to complete the round.

Who’s backing the round?

The filing indicates participation from Matrix Partners, TVS Capital, and India Nippon Electricals. The first tranche has been completed, while additional funds are slated to come in to round off the planned ₹250 crore raise.

Valuation and recent history

Entrackr’s estimate pegs Finnable’s post-money valuation at around ₹1,300 crore (approximately $150 million) for this round. The development follows a ₹40 crore investment about six months ago from Ranjan Pai’s MEMG family office.

As per the most recently referenced cap table, MEMG Family Office LLP held 18.69% in Finnable, with Matrix Partners India at 14.53% and TVS Capital at 8.05%. These proportions are expected to shift once the ongoing round fully closes.

What Finnable does?

Founded in 2016 by ex-bankers Nitin Gupta, Amit Arora, and Viraj Tyagi, the Bengaluru-based company offers personal loans to salaried professionals. According to information cited in the filing, Finnable has served over 2.7 lakh customers and reports assets under management (AUM) of about ₹3,000 crore.