.2 min read through Final Upgraded: Sep 11 2024|12:14 AM IST.Digital borrowing platform FlexiLoans has actually raised Rs 290 crore in Set C financing from worldwide and residential capitalists, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organization, Nuveen, as well as existing real estate investor Maj Invest.FlexiLoans, which gives to business with a money flow-based loan model, will definitely utilize the clean funds to increase its own operations, improve its own product offerings, and boost its technological structure, the provider stated in a launch.The new funds is going to help the business increase its own assets under administration (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has actually disbursed over Rs 7,000 crore in finances across greater than 2,100 towns as well as metropolitan areas.." While as an NBFC our experts will definitely always keep increasing funds as and when demanded, this funding ought to do our company to develop to Rs 3,500 crore in AUM," claimed Deepak Jain, co-founder, FlexiLoans.The organization is targeting to pay out around Rs 5,000 crore in finances in FY25.In the next 3-4 years, the provider may try to go public, Jain pointed out. "We intend to perform it at the right time when our experts reached the ideal dimension and scale," he stated, including that the provider has actually been profitable for the final three years and also is actually targeting double-digit revenue in the current fiscal year as well as triple-digit revenues in the next fiscal year." Our debt cost is around 3.3 per cent since the June one-fourth. Our team have constantly stayed sub-5 percent as for credit scores costs are actually worried," he stated.Unitus Capital worked as the unique advisor to the deal.Before this round, the company raised resources from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funding, in addition to various other famous loved ones workplaces.First Posted: Sep 11 2024|12:14 AM IST.