Hero FinCorp raises Rs 260 crore in a pre-IPO placement round, reducing their fresh issue size. The funding will support future lending activities.
Hero FinCorp raises Rs 260 crore in a pre-IPO placement round, reducing their fresh issue size. The funding will support future lending activities.
06/15/25, 5:33 AM
Location
new delhiMoney raised
₹260 million
Industry
fintech
finance
Round Type
seed
Investors
Lc Hercules (Cayman), Yugal Chit Fund, Renu Sehgal Trust, Laksh Vaaman Sehgal, Virender Uppal, Tiger Laser Pte, Paramount Products, Vivek Chaand Sehgal, Ap Properties, Mohan Exports, Rvg Jatropha Plantation, Shahi Exports, Otter Ltd, Link Investment Trust, Apis Growth Ii (Hibiscus) Pte. Ltd, Ahvf Ii Holdings Singapore Ii Pte. Ltd
Hero FinCorp has raised Rs 260 crore in a pre-IPO round, leading to a decrease in their fresh issue size. The total IPO size has adjusted to Rs 3,408 crore. The funds will be used to bolster the company's capital for future lending needs. This funding involves multiple investors who participated in the round.
Company Info
Location
new delhi, delhi, india
Additional Info
Hero FinCorp is an NBFC offering a diversified suite of financial products catered primarily to the retail, micro, small and medium enterprise (MSME) customer segments in India. Since its inception in 1991, the company has grown its customer base to 1.18 crore as of March 2024. As of that date, Hero FinCorp had assets under management (AUM) of Rs 51,821 crore.