NeoGrowth Raises ₹85 Cr to Expand Digital Lending Capabilities

NeoGrowth has raised ₹85 crore in fresh funding to expand its digital lending operations and strengthen its presence in India’s small business financing market. The funding will help the company reach more businesses and support its next phase of growth.

The company provides loans to small and medium-sized businesses through a technology-based lending model. It uses business data and digital tools to assess borrowers and offer financing to enterprises that may have limited access to traditional bank loans.

Founded by Dhruv Khaitan and Piyush Khaitan, NeoGrowth operates as a non-banking financial company (NBFC). Its lending solutions cater to businesses across multiple sectors, helping them access funds for working capital and other business needs.

With the latest funding, NeoGrowth aims to strengthen its lending capabilities and expand its reach. As small businesses continue to seek easier access to credit, digital lending platforms are becoming an important part of India’s financial services sector.