NeoGrowth secures ₹85 crore to boost digital lending for Indian MSMEs
NeoGrowth has raised ₹85 crore ($8.8 million) in a debt‑and‑equity round led by FMO with LeapFrog Investments participating. The proceeds will fund expansion of its digital lending platform, deepen market presence across India, and increase credit access for micro, small, and medium enterprises.
The platform manages nearly ₹2,000 crore in assets under management and has served more than 400,000 businesses to date.
NeoGrowth previously raised ₹300 crore in equity in 2022, with FMO contributing over half of that round. Existing backers include Omidyar Network, Lightrock, Khosla Impact, Accion Frontier Inclusion Fund–Quona Capital and 360 ONE Asset.
What we know
NeoGrowth secured ₹85 crore ($8.8 million) in a debt‑and‑equity round led by FMO with participation from LeapFrog Investments.
NeoGrowth manages nearly ₹2,000 crore in assets under management and has engaged with more than 400,000 businesses.
It has disbursed over ₹16,000 crore in loans to date.
During FY26 NeoGrowth added 17 branches, bringing its total branch network to 46 locations in India.
The lender raised nearly ₹2,000 crore in debt from 18 lenders between April 2025 and July 2026.