India’s Saarthi Finance raises $55.5m in funding round

The NBFC plans to lend to MSMEs.

Saarthi Finance, a newly licensed greenfield non-banking financial company (NBFC) from India, has raised a total of ₹475 crores (about $55.5m) in its inaugural funding round.

The company plans to use the capital for lending to micro, small, and medium enterprises (MSMEs) in semi-urban and rural regions, particularly those in Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Rajasthan,and Uttar Pradesh.

TVS Capital Funds, Lok Capital, Evolvence Equity Partners, and Paragon Partners joined the funding round.

(US$1 = IDR85.50; as of 29 May 2025, Google)

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