Indifi raises $36.8m in Series E funding round

By Leandra Monteiro

Indifi, a technology platform that gathers and analyses data of businesses to judge their creditworthiness announced that it has raised INR 290 Crores ($36.8 million) in Series E funding led by ICICI Venture.

The round also saw participation from existing investors, including British International Investment, Finnfund, Omidyar Network India, Flourish Ventures, and CX Partners.

The company aims to use the latest fundraise to double down on its mission, fuelling it expansion and enabling it to develop innovative products tailored to the unique needs of the underserved MSME segment.

The company said in a statement via Linkedin, “We extend our heartfelt gratitude to our new investors and existing investors, our partners, advisors, and the incredible Indifi community for their continued trust in us and the unwavering support throughout our journey so far. We look forward to building an inclusive MSME ecosystem in India, nurturing its full potential and creating opportunities for all. Thank you for being an invaluable part of the Indifi family!”

Indifi is a technology platform that gathers and analyses data of businesses from various sources and draws insights to judge their creditworthiness, their past and current performance in context of the industry they are operating in. This differentiated approach helps find businesses that are low on risk and high on promise thus opening up possibilities for those who earlier had no access to short or long-term business funding.