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Hero FinCorp raises Rs 260 crore in a pre-IPO placement round, reducing their fresh issue size. The funding will support future lending activities.

Jun 15, 2025•about 2 months ago

Amount Raised

₹260 Million

Round Type

seed

New DelhiFintechFinance

Investors

Lc Hercules (Cayman)Yugal Chit FundRenu Sehgal TrustLaksh Vaaman SehgalVirender UppalTiger Laser PteParamount ProductsVivek Chaand SehgalAp PropertiesMohan ExportsRvg Jatropha PlantationShahi ExportsOtter LtdLink Investment TrustApis Growth Ii (Hibiscus) Pte. LtdAhvf Ii Holdings Singapore Ii Pte. Ltd

Description

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 Information

Company

Hero FinCorp

Location

New Delhi, Delhi, India

About

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.

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