.2 min checked out Final Improved: Sep 11 2024|12:14 AM IST.Digital borrowing platform FlexiLoans has actually raised Rs 290 crore in Series C funding coming from worldwide and also residential real estate investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organization, Nuveen, as well as existing capitalist Maj Invest.FlexiLoans, which offers to business through a cash flow-based loaning style, will certainly utilize the fresh capital to grow its own procedures, improve its own item offerings, and enhance its technological commercial infrastructure, the provider stated in a launch.The new resources is going to assist the provider grow its assets under control (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has actually disbursed over Rs 7,000 crore in loans throughout greater than 2,100 towns as well as metropolitan areas.." While as an NBFC we will certainly always keep raising funds as and also when demanded, this financing must be good enough for us to expand to Rs 3,500 crore in AUM," claimed Deepak Jain, co-founder, FlexiLoans.The company is actually targeting to pay out around Rs 5,000 crore in finances in FY25.In the following 3-4 years, the company could aim to go public, Jain mentioned. "We want to perform it at the correct time when our experts hit the appropriate dimension as well as scale," he said, adding that the business has paid for the final 3 years and also is targeting double-digit earnings in the present financial year as well as triple-digit revenues in the following financial year." Our credit scores cost is actually around 3.3 percent since the June quarter. Our experts have consistently stayed sub-5 per-cent as far as credit costs are worried," he claimed.Unitus Capital acted as the unique consultant to the purchase.Heretofore sphere, the company increased financing from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Resources, together with various other noticeable household offices.First Released: Sep 11 2024|12:14 AM IST.