NBFC Bizloan Secures INR 35 Cr From Dell Foundation, BLinC Invest

NBFC Bizloan Secures INR 35 Cr From Dell Foundation, BLinC Invest

SUMMARY

The Series A round was led by Michael & Susan Dell Foundation and BLinC Invest, marking a significant boost for the MSME lending operations

The company has disbursed INR 774 Cr across 26 branches and aims to serve 2,500+ micro enterprises in the next 12 months

The funding will help Bizloan expand its presence in underserved markets and enhance its tech-driven lending platform using its proprietary ABC methodology

Gurugram-based NBFC startup Bizloan has raised INR 35 Cr ($4.22 Mn) in a Series A funding round led by Michael & Susan Dell Foundation and BLinC Invest.

Resurgent India acted as the financial advisor to Bizloan in this fundraise.

The company plans to use the capital to expand its footprint in underserved markets, enhance its suite of loan products, and strengthen its technology infrastructure. It aims to serve more than 2,500 micro and nano enterprises in the next 12 months.

Founded by Rahul Jain, Abhishek Mishra, and Vikram Diwan, Bizloan is an RBI-registered NBFC that provides credit solutions to micro, small and medium enterprises (MSMEs). The startup has so far disbursed INR 774 Cr in loans across 26 branches, supporting more than 3,000 entrepreneurs across Haryana, Uttar Pradesh, Delhi NCR, Karnataka, and Rajasthan.

“The current investment will help us enter the next phase of growth by expanding our footprint in Bharat. We are actively investing in technology to drive operational efficiency,” Jain told Inc42.

Bizloan employs its proprietary ABC (Asset, Behaviour, Cashflow) methodology to evaluate borrowers, particularly those from informal income backgrounds or new to credit.

“Indian Tier 2 and Tier 3 cities are witnessing high growth and increasing urbanisation, creating a significant need for micro-entrepreneurs to expand their business. This has resulted in a monumental credit gap,” said Amit Ratanpal, founder and managing director of BLinC Invest.

“Supporting small businesses is crucial for economic growth. This funding marks a crucial step in our mission to empower micro and nano enterprises with capital and financial tools they need,” Rakesh Goyal, director at Michael & Susan Dell Foundation, said.

The funding comes amid increased activity in the MSME lending space, with several players securing significant investments in recent months.

In January 2025, FlexiLoans secured INR 290 Cr in its Series C round from investors including Accion, Maj Invest, Nuveen and Fundamentum. The company has disbursed over INR 7,000 Cr across 2,100 towns and cities.

Last year, August 2024, Delhi NCR-based Clix Capital raised INR 220 Cr from Apollo Global Management and other investors. The company reported an AUM of over INR 6,000 Cr and has expanded its operations to more than 2,100 pin codes across India.

NeoGrowth secured $11.2 Mn in debt funding from Symbiotics Group in July 2024.The surge in funding for MSME-focused lenders aligns with the government’s push to support small businesses. The Union Budget 2024-25 introduced new measures for MSMEs, including a credit guarantee scheme to facilitate collateral-free term loans for machinery and equipment purchases.

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