Bengaluru-based NBFC InPrime Finserv has raised ₹50 crore (approximately $6 million) in its Series A1 funding round, as it looks to scale operations beyond India’s metro cities. The round was led by Pravega Ventures, with continued backing from existing investors Z47, InfoEdge Ventures, and Kettleborough VC.
Founded in 2021 by Rajat Singh, Manish Raj, and Sneh Thakur, InPrime aims to provide accessible financial services to aspirational customers such as micro-entrepreneurs, self-employed individuals, small retailers, and those in agriculture and allied sectors. The company’s focus is on underserved, creditworthy individuals outside traditional urban markets.
The latest fundraise will be used to deepen InPrime’s footprint in non-metro geographies, delivering collateral-free business loans and loans against property through its hybrid distribution model. Loan amounts range from ₹50,000 to ₹3 lakh, with repayment tenures of 6 to 36 months and a fixed annual interest rate of 25%.
InPrime leverages a tech-first, self-service digital platform, supported by local field teams, to streamline credit access and enhance customer engagement. The company received its Certificate of Registration (CoR) from the Reserve Bank of India (RBI) in April 2023, officially authorizing it to operate as an NBFC.
“InPrime’s tech-first, self-service platform — reinforced by local field teams — lays the digital railroads these entrepreneurs deserve, delivering formal-economy-grade service and real control in one place. When they grow, India accelerates toward its $10-trillion ambition — and we’re proud to stand shoulder-to-shoulder with them,” said CEO Rajat Singh.
Prior to this round, InPrime had raised $3 million in January 2024, bringing its total funding to over $10 million since inception.
The company’s growth aligns with a broader trend of startups entering the NBFC space to tap into India’s underpenetrated lending segment. In March 2025, Flipkart became India’s first ecommerce player to receive an NBFC licence. Others like Kuhoo Finance and Vayana Network have also joined the ranks this year.
According to Inc42’s market analysis, India’s fintech industry is expected to reach a $2.1 trillion valuation by 2030, growing at an 18% CAGR from 2022. Within this, lending tech is projected to dominate with a $1.3 trillion share, driven by increasing digital adoption and the rise of alternate credit platforms like InPrime.
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