The Week that Was: Indian Startup News Overview (22th December- 28th December)
- True Credits Secures $75 Million Debt to Expand Digital Lending in India
- CoreEL Technologies Raises $30 Million Series B to Strengthen Aerospace & Defence Capabilities
- Wint Wealth Eyes Rs 700 Crore Valuation with Series B Funding Led by Vertex Ventures
- Zepto Moves Closer to IPO with Rs 11,000 Crore Equity Raise and OFS Plan
- Blinq Mobility Raises Rs 4.3 Crore Pre-Seed to Build Battery-Swappable Urban EVs
The Indian startup ecosystem continues to scale new heights, with multiple ventures across sectors such as Fintech, Aerospace & Defence, Quick Commerce, Electric Vehicles, and Digital Lending securing significant funding. Startups are successfully raising capital to expand operations, enhance product offerings, and strengthen market presence. This week has seen funding across various stages from Pre-Seed, Seed, Series B, to large-scale equity raises and debt financing highlighting strong investor confidence and signaling robust growth potential for India’s dynamic startup landscape.
Funding News: True Credits Raises $75 Million to Scale Digital Lending in India
Company: True Credits
Founders: Vishal Bhatia
About us: True Credits is a digital lending platform operating as an RBI-licensed NBFC, offering loans through the TrueBalance app. The company focuses on fair, transparent, and accessible credit for underserved and credit-invisible borrowers in India.
Founded Year: 2017
Office: India
Sector: Fintech / Digital Lending
Funding Round: Debt Financing
Investors: Community Investment Management (CIM), U.S.-based institutional impact investor
Also Read: The Evolution of B2B Digital Payments in 2026 and Beyond
Balancehero India, the parent company of digital lending platform True Credits, has raised $75 million in debt financing from Community Investment Management (CIM), a U.S. based institutional impact investor. The funding strengthens the company’s balance sheet and supports its next phase of growth in India’s fast-evolving fintech landscape.
True Credits operates as an RBI-licensed NBFC and offers loans through the TrueBalance app. The fresh capital will help the company expand into new markets, introduce additional lending products, and reach a wider base of underserved and credit-invisible customers. The company said the investment aligns with its mission of making credit fair, transparent, and accessible.
Website: https://www.truebalance.io/


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