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VERTICES PARTNERS, CAM act on Prayaan Capital ₹110 crore Series A fundraise

The funds will be used by Prayaan Capital to build a lending platform, expand its team, and grow its presence across key MSME markets in India.

Bar & Bench

Prayaan Capital Private Limited has raised ₹110 crore ($12.1million) from a Series A fundraise led by Peak XV Partners.

VERTICES PARTNERS advised Prayaan Capital on this fundraise.

The transaction was led by Vinayak Burman (Founder and Managing Partner) and Manu Varghese (Partner), along with a team that included Shagun Rathi (Senor Associate) and Associates Srishti Singh and Stuti Jain.

Vinayak Burman, Manu Varghese
Also read:VERTICES, SAMVĀD act on Rangarajan Krishnan acquiring controlling stake in Prayaan Capital

Cyril Amarchand Mangaldas advised Peak XV Partners on this fundraise.

The funds will be used by Prayaan Capital to build a lending platform, expand its team, and grow its presence across key MSME markets in India. The company plans to focus on loans to micro, small and medium enterprises (MSMEs), a segment that continues to face a large funding shortfall.

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