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Founded
2022
Headquarters
Chennai (India)
Status
Series A
Company Details
GrowXCD is a Non-Banking Financial Company (NBFC) that provides loans primarily to micro, small, and medium enterprises (MSMEs) and low-income households.
Business Model
GrowXCD operates by offering small mortgage loans secured by property and short-term unsecured loans to its target customer groups. The company focuses on developing credit infrastructure to facilitate the flow of institutional capital into retail assets, thereby enhancing access to credit for underserved segments.
Products and Services
The company’s offerings include mortgage-backed loans for MSMEs and unsecured loans for individuals and small businesses.
Differentiation
GrowXCD sets itself apart by prioritizing financial inclusion for low-income households and MSMEs, leveraging technology to streamline loan processing and enhance customer experience.
Key Metrics
Total Equity Funding
$12.9 million
No. of Funding Rounds
3
Latest Funding Round
$5.8Million, Series A
as of January 30, 2025
Post Money Valuation
$16.5Million
as of N/A
Funding Multiple
2.2
as of N/A
Investors
Lok Capital
and 1 moreEmployee Count
54
Similar Companies
FincFriends
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| January 30, 2025 | Series A | $5.8Million | - | - | - | Lok Capital, UC Impower |
| October 5, 2023 | Series A | $6.5Million | $16.5Million | $296.0K | -6.0x | Lok Capital, JSA |
| November 2, 2022 | Angel | $665.0K | $2.3Million | $50.5K | 30.8x | - |