Funding · Enterprise Software & IT

Veefin Solutions raises ₹35 crore via NCDs

By Startup Enthusiast · 24 July 2026

What they do

Veefin develops supply chain finance and digital lending software for banks and enterprises

Its board approved raising ₹35 crore via non-convertible debentures through private placement

The company also got shareholder approval to migrate from the SME platform to the mainboard

Veefin Solutions' board approved raising up to ₹35 crore via non-convertible debentures (NCDs).
The company will issue up to 3.5 lakh NCDs with a face value of ₹1,000 each.
The debt will be raised in one or more tranches through private placement.
The board authorised undisclosed persons to finalise the terms of the fundraise.
This is the company's second capital raise since its SME listing in 2023.
Last year, the board had approved a ₹94 crore fundraise via preferential issue of equity shares and convertible warrants.
Shareholders voted unanimously (all 1.1 crore shareholders) in favour of migrating to the mainboard.
Stock exchange clearance for the mainboard migration is still pending.

SME platforms are for smaller companies; mainboard migration reflects growth in scale, financial performance and market presence.
The company has expanded beyond its core business via acquisitions and strategic investments in the past year.
It picked up stakes in White Rivers Media (digital marketing), Walnut AI (GenAI), and EpikInDiFi (lending enablement).

Veefin develops supply chain finance and digital lending software for banks, NBFCs, fintech startups and enterprises.
It was founded in 2020 by Gautam Udani and Raja Debnath.
In FY26, its revenue from operations was ₹345.1 crore, up 339% year-on-year.
Its net profit for FY26 was ₹32 crore, nearly doubled from the previous year.
The company's share price was ₹305.25 at the previous day's close, up 0.78%.