Exclusive: Clix Capital Raises $6 Mn Debt Funding From DCB Bank

Delhi NCR-based Clix Capital has secured a debt funding of $6 Mn from DCB bank. As per the regulatory filing of the non-banking financial company, it is allotting around 5,000 non-convertible debentures (NCDs) with a face value of INR 100,000 each to the bank with a tenure of 36 months. 

Clix Capital will utilise the fresh debt for its working capital needs to grow its business.

In FY24, Clix Capital has secured a total investment of INR 4,458 Cr, of this, it secured around $20 Mn from the Global Climate Partnership Fund for onward lending for sustainable projects. 

Founded in 2016 by Pramod Bhasin and Anil Chawla, Clix Capital offers business loans, loans against property, school financing, among others. For business financing, the NBFC offers SME/MSE loans, working capital loans, unsecured business loans, among others. 

Earlier this year, Karnataka Bank Ltd (KBL) and Clix Capital entered a partnership to provide loans to the MSME sector via digital platform Yubi Co (formerly known as CredAvenue). 

Of late, a number of digital lenders have raised debt funding. Earlier this month, Delhi NCR-based AVIOM Housing Finance secured $10 Mn in debt funding from BlueOrchard Microfinance Fund. 

Another digital lender axio raised $6 Mn venture debt from Alteria Capital in April. Earlier this year, agriculture financing startup Sammunati also raised $9 Mn in debt funding from Singapore-based Impact Investment Exchange (IIX). 

Talking about financials, Clix Capital’s standalone revenue stood at INR 679 Cr in the financial year 2022-23 (FY23). Its revenue from operations stood at INR 637.5 Cr in FY22. The NBFC posted a profit of INR 24.4 Cr in FY23 as against a loss of INR 93.3 Cr in FY22.

To date, Clix Capital has secured $180 Mn in funding and counts AION Capital Partners, and Global Climate Partnership Fund among its backers.