Funding · Financial Services
Moneyboxx raises ₹33.4 crore via share allotment
By Startup Enthusiast ·
- Date
- Company
- Moneyboxx Finance
- What it does
- Small business loans for micro enterprises
- Kind
- Funding
- Amount
- ₹33.4 crore
- Stage
- preferential allotment
- Sector
- Financial Services
What they do
Moneyboxx Finance is a listed NBFC (non-bank lender) providing small business loans to micro enterprises in semi-urban and rural India
What happened
It raised ₹33.4 crore through a preferential allotment of 44 lakh equity shares at ₹76 each, entirely from promoters and existing shareholders
Why it matters
The funds will expand branches, support AUM (assets under management) growth, and enhance technology-led underwriting and risk management
The details
- Moneyboxx Finance raised ₹33.4 crore through a preferential allotment of 44 lakh equity shares at ₹76 per share.
- The share price includes a face value of ₹10 and a premium of ₹66.
- The entire FY26 equity raise came from promoters and existing shareholders.
- Proceeds will fund branch expansion, support AUM growth, and improve technology-led underwriting and risk management.
- This brings total equity capital raised since inception to ₹303.9 crore.
- The company is a listed NBFC (non-bank financial company) focused on small business loans.
The bigger picture
- The fundraise signals promoter confidence in the company's growth trajectory.
- It comes as Moneyboxx expands its branch network across 12 states.
- The focus on technology-led underwriting aims to improve credit assessment in rural markets.
- The company's phygital model (physical and digital) supports deep on-ground distribution.
About the business
- Moneyboxx Finance provides small business loans to micro enterprises in semi-urban and rural India.
- It operates 150+ branches across 12 states, including Tamil Nadu, Gujarat, Punjab, Andhra Pradesh, Karnataka, Chhattisgarh, and Telangana.
- Loan amounts range from ₹1 lakh to ₹25 lakh.
- The company uses a phygital model combining physical branches with digital tools.
- It offers Vyapaar Loans (secured and unsecured), Renewable Energy Loans, and the Sikka App.
- Cumulative disbursements exceed ₹22,450 million, with 60% women borrowers and 223,000+ borrowers funded.
- It introduced muzzle recognition technology for cattle identification to support rural credit and insurance.
What happens next
- Expand branch presence across existing states.
- Support AUM growth through increased lending.
- Enhance technology-led underwriting and risk management systems.
The deal
- Type
- Preferential allotment
Investors
- Promoters and existing shareholders (investor) — Existing shareholders of Moneyboxx Finance who participated in the preferential allotment.
Founders
- Deepak Aggarwal, Co-Founder and Co-CEO
- Mayur Modi, Co-Founder
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