Veefin Group raises ?136 cr for product development and acquisitions; aims a further ?155 cr by Jan 2025

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Veefin Group raises ?136 cr for product development and acquisitions; aims a further ?155 cr by Jan 2025

_{//business-finance.news-articles.net/content/202 .. uisitions-aims-a-further-155-cr-by-jan-2025.html}
^{Published in Business and Finance on Thursday, December 19th 2024 at 6:20 GMT by Business Line}

Veefin Group of Companies has raised
136 crore in a recent funding round. It has also announced that it is set to raise a further
155 crore in its next funding round in FY25. The fund, raised from capital market investors, will be primarily focused on fostering growth, scaling its products and expanding its footprint.

Veefin Solutions, a Mumbai-based fintech company specializing in digital lending and supply chain finance, has raised Rs 136 crore in a funding round led by investors including Oister Global, with participation from existing investors like Accel and Quona Capital. The company plans to utilize these funds to enhance its product offerings, expand its market presence, and invest in technology development. Additionally, Veefin aims to raise another Rs 155 crore in FY25 to further fuel its growth and expansion, focusing on both domestic and international markets. This funding will support Veefin's strategy to become a leading player in the supply chain finance sector by improving its technological capabilities and extending its reach.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/companies/veefin-group-raises-rs-136-crore-in-funding-plans-to-raise-rs-155-crore-in-fy25-for-growth-and-expansion/article69004193.ece ]

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