Beams Fintech Fund Joins Infinity Fincorp’s Captable

SUMMARY

Infinity Fincorp has onboarded the private equity firm as part of its $40 Mn extended Series A funding round

The NBFC startup raised $35 Mn in a Series A round three months back led by Jungle Ventures, along with participation from Archerman Capital and Magnifico

The startup provides small ticket loans ranging between INR 3 Lakh and INR 5 Lakh to underserved micro-entrepreneurs like tea shop owners, vegetable vendors and restaurants among others

Mumbai-based non-banking financial company (NBFC) Infinity Fincorp Solutions has onboarded Beams Fintech Fund to its captable as a part of its $40 Mn (around INR 342 Cr) extended Series A funding round.

This comes three months after the startup raised $35 Mn in its Series A funding round led by existing investor Jungle Ventures, along with participation from Archerman Capital and Magnifico.

The NBFC plans to deploy the fresh proceeds to expand its micro, small and medium enterprises (MSMEs) lending offerings.

Founded in 2016 by Shrikant Ravalkar, Infinity Fincorp addresses challenge of cash flow requirements for small-sized businesses and self-employed individuals in the country.

The startup provides small ticket loans ranging between INR 3 Lakh and INR 5 Lakh to underserved micro-entrepreneurs like tea shop owners, vegetable vendors and restaurants among others.

It offers loans against property and the amount can also go up to INR 5 Cr depending on the value of the property. The startup also offers loans to MSMEs under the Emergency Credit Line Guarantee Scheme.

The startup claims to have served over 30,000 customers and has its presence in more than 130 locations in the country.

Beams Fintech Fund is a mid-sized PE fund which claims to manage an asset under management of INR 900 Cr and includes the likes of InsuranceDekho, Credgenics, Progcap and Niyo among its portfolio.

“With the micro-LAP segment expected to grow at a CAGR of 15-20% over the next 5-10 years, we believe Infinity Fincorp has the potential to be a category leader in the Micro-LAP segment,” said Sagar Agarvwal, founder and partner at Beams Fintech Fund.

In May last year, Infinity raised $34 Mn from Jungle Ventures, Archerman Capital and Magnifico.

Investors in the Indian startup ecosystem have been bullish on the broader fintech sector.

According to Inc42’s annual funding report, the fintech sector emerged as the most funded sector in 2024 with a total funding of $ 2.5 Bn in over 162 deals. However, the funding amount declined 16% from $3 Bn in the previous year.

Entering 2025, the fintech sector has remained a blue eyed boy for the investors. As per Inc42’s India Tech Startup Funding Report, 2025, fintech dominated the funding trends in the first quarter of 2025 with a total funding of $739 Mn in 33 deals. Last week also, fintech emerged as the most funded sector with smallcase and Lendingkart bagging $50 Mn and $25.5 Mn respectively.