Moneyboxx Finance secures Rs 176 Crore to drive growth and expand rural outreach

Quick Summary:

Moneyboxx Finance has secured Rs 176 crore via equity shares and warrants to fuel its growth strategy.

This capital will bolster the company's efforts in rural India by providing essential financial support to micro-entrepreneurs.

With substantial net worth growth, Moneyboxx aims for an AUM exceeding INR 2,500 crore by FY26.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: Equity shares Rs 176 crore Business loans Micro entrepreneurs Moneyboxx Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-14 @ 20:44:55 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 628 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 22506845

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 22 posts per day

Year Established: 1838

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