Premji Invest, Norwest and Lok Capital Plan Up to ₹1,000 Crore Investment in Vegafin: Report

Premji Invest, Norwest and Lok Capital plan to invest up to ₹1,000 crore in Vegafin Capital, according to a Bloomberg report published on October 21. Vegafin, founded by former ICICI Bank executive Bijith Bhaskar, has signed agreements to acquire a majority stake in Gurugram-based NBFC Bizloan, subject to regulatory approvals. Vegafin plans to use AI-driven underwriting and data-based credit assessments to lend to MSMEs faster and at lower cost.

Source: Analytics India ↗