4.Funding News: Mahaveer Finance Raises Rs 200 Crore in First VC Round to Drive Tech-Led Growth

Startup: Mahaveer Finance

Founder: S. Mahadevan

About us: Mahaveer Finance is a Chennai-based non-banking financial company (NBFC) focused on empowering underserved communities with vehicle and small business loans. The company emphasizes personalized service and technology-driven lending, particularly targeting first-time borrowers across rural and semi-urban India.

Founded Year: 1981

Office: Chennai, Tamil Nadu

Sector: Financial Services / Lending (NBFC)

Funding Round: First Venture Capital Round

Investors: BII (British International Investment), Zephyr Peacock, and existing investors

Chennai-headquartered Mahaveer Finance has secured Rs 200 crore in its first-ever VC round led by British International Investment (BII) and Zephyr Peacock, with participation from existing backers. The funding will support digital infrastructure upgrades, loan book expansion, and deeper penetration into underserved markets.

A trusted name in NBFC lending for over four decades, Mahaveer Finance is evolving into a tech-forward financial institution focused on first-time formal credit borrowers especially for used vehicle financing. It currently serves over 50,000 customers and plans to triple its reach with this new capital infusion.

Website: https://mahaveerfinance.com