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Moneyboxx Finance raises Rs 176 Cr through preferential equity and warrants

YourStory LogoYourStory1d ago

Moneyboxx Finance raises Rs 176 Cr through preferential equity and warrants - YourStory

Quick Summary:

The funding is expected to double Moneyboxx's net worth, enhancing its ability to achieve assets under management target of over Rs 2,500 crore by FY26.

The company aims to expand its branch network to over 160 branches and achieve an AUM target of Rs 1,300 crore by March 2025, up from Rs 730 crore in March 2024.

With 123 branches across 11 states, the NBFC provides secured and unsecured business loans to small entrepreneurs, with a focus on women, livestock-rearing communities, and new borrowers.


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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 12:14:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 255 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22493487

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About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 8 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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The story "Moneyboxx Finance raises Rs 176 Cr through preferential equity and warrants" was covered 1 days ago by YourStory, a news publisher based in India.

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