Lok Capital has made an investment of ₹50 crore in GrowXCD Finance's Series A fundraise.
JSA advised Lok Capital in this investment deal.
The transaction team consisted of Siddharth Mody (Lead Partner), Prerana Chaudhari (Principal Associate) and Alister Sequeira (Senior Associate).
GrowXCD Finance is a Chennai-based startup specializing in financial services for the MSME sector. GrowXCD Finance's product portfolio, tailored to low-income households and small businesses, includes innovative financial products like small business mortgage loans, home construction loans, and short-term unsecured loans.
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