Vegafin Raises $106 Million for AI Lending Platform

Oct 22, 2026
Vegafin Capital raised 10 billion rupees to build an AI based lending platform for small businesses in India. The deal includes its acquisition of Bizloan.

Vegafin Capital raised 10 billion rupees ($106 million) in an investment led by billionaire Azim Premji's family office, according to Bloomberg. The Indian business lending startup will use the funds to build an AI based lending platform for micro, small and medium enterprises.

The deal includes Vegafin's acquisition of Gurugram based fintech Bizloan. Bizloan operates more than 35 branches across India and has a loan book valued at $25 million.

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