Premji Invest, Norwest and Lok Capital Commit Up to Rs.1,000 Crore to Vegafin
The investors will fund Vegafin, an AI-driven platform focused on MSME lending. The source reports the commitment is tied to Vegafin's majority stake in Bizloan.
New Delhi, Oct. 21 -- Premji Invest, Norwest, and Lok Capital will invest up to Rs.1,000 crore in Vegafin, an artificial intelligence (AI)-driven platform focused on micro, small, and medium enterprise (MSME) lending. The firm was founded and promoted by ICICI Bank veteran Bijith Bhaskar.A portion…