Prayaan Capital Secures Rs 110 Crore in Series A Funding Led by Peak XV

• Prayaan Capital raised Rs 110 crore in Series A funding, led by Peak XV Partners.
• The MSME lender plans to build a technology-led lending platform and expand credit access to underserved small businesses in India.
• Rangarajan Krishnan, former joint MD and CEO of Five-Star Business Finance, recently acquired a controlling stake in Prayaan Capital.
• The capital will be used to develop the lending platform, expand the team, and increase presence in key MSME markets.
• The funding addresses an estimated $300 billion credit gap faced by MSMEs, leveraging technology for underwriting and distribution.