Bengaluru-based NBFC InPrime Finserv has raised ₹50 crore (~$6.02 million) in a Series A1 funding round led by Pravega Ventures.
The round also saw participation from existing investors Z47, InfoEdge Ventures, and Kettleborough VC. The funding follows InPrime’s earlier raise of $4.55 million and signals investor confidence in its differentiated approach to serving India’s aspirational informal segment.
The company said it will deploy the fresh capital to deepen its geographic presence across Tier 2 and Tier 3 markets, particularly in Karnataka, Uttar Pradesh, Rajasthan, and Haryana. Over the next 12 months, InPrime plans to expand operations to 50 locations as part of its mission to reach underserved households with formal credit.
Founded in 2021 by Sneh Thakur, Manish Raj, and Rajat Singh, InPrime Finserv operates as a tech-enabled non-banking financial company (NBFC) catering to “informal prime” households — a segment that includes nano and micro entrepreneurs, self-employed professionals, agri workers, and small retailers. These are customers with stable income and strong upward mobility, yet historically overlooked by traditional lending models.
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Since inception, InPrime claims to have disbursed nearly ₹100 crore in credit to over 7,500 households, addressing the growing credit needs of India’s emerging middle class.
The company also intends to pursue strategic co-lending partnerships to further diversify its capital base and scale operations efficiently.
