GrowXCD Finance, a Chennai-based lender to small businesses, has raised about 200 crore rupee (US$22.54 million) in new funding from investors including Blue Earth Capital and Prosus Ventures.

Blue Earth Capital led the round with 105 crore rupee (US$11.83 million), while Prosus contributed 70 crore rupee (US$7.89 million), said founder and managing director Arjun Muralidharan.

Lok Capital, which first invested in GrowXCD in November 2023, increased its stake with a 21 crore rupee (US$2.36 million) investment, and UC Impower added 4 crore rupee (US$480,890).

GrowXCD, founded in 2022, lends to micro, small, and marginal enterprises and salaried workers across southern India and Puducherry, operating 67 branches.

The company’s net worth has reached 308 crore rupee (US$34.72 million) following the equity raise.

GrowXCD’s assets under management currently stand at 300 crore rupee (US$33.81 million), with plans to grow to 500 crore rupee (US$56.36 million) by March 2026.

🔗 Source: The Economic Times