Lok Capital invests in GrowXCD, a Fintech Start-up

  • Deal
  • December 1, 2023

JSA advised Lok Capital on its investment in GrowXCD Finance, a Chennai-based startup specializing in financial services for the MSME sector. The Series A funding round, witnessed Lok Capital injecting Rs 50 crore into GrowXCD Finance.

This transaction signifies a crucial expansion in the reach of financial services to the underserved MSME sector, particularly in non-metropolitan regions. GrowXCD Finance’s product portfolio, tailored to low-income households and small businesses, includes innovative financial products like small business mortgage loans, home construction loans, and short-term unsecured loans.

Deal Value: Around USD 6 Million

Our Transaction Team Comprised Lead Partner – Siddharth Mody, Principal Associate – Prerana Chaudhari, Senior Associate – Alister Sequeira