The company closed the Series B round which saw investments from Peak XV, Lightspeed Ventures, TVS Capital, and Lightrock, among others
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Clix Capital plans to utilise these funds to strengthen its lending capabilities across the MSME, Education, and Healthcare Equipment sectors, enhance its credit profile and significantly invest in new age AI & ML technologies
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The company aims to expand its branch network to over 160 branches and achieve assets under management (AUM) of Rs 1,400 crore by March 2025
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This funding round, the first for Amica Finance, follows Jupiter receiving an NBFC license from the Reserve Bank of India (RBI) last year, allowing it to lend from its own book
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