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Clix Capital, a modern non-banking finance company, has secured Rs 220 crore in an equity funding round. The funding was primarily provided by its current investors Apollo Global Management, Pramod Bhasin, and Anil Chawla.
The company based in Gurugram intends to use the cash to enhance its lending capabilities in the MSME, education, and healthcare equipment sectors, as well as make substantial investments in advanced technologies.
The organisation currently manages assets worth more than Rs 6,000 crore, while the percentage of gross bad loans is less than 2%. The company's Assets Under Management (AUM) amounted to Rs 4,484 crore in March 2023. The company has disbursed a total of Rs 26,000 crore in loans to the MSME sector.
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Clix Capital has grown its personnel to over 1,000 individuals and expanded its operations to include more than 2,100 pin codes across India.
Clix Capital, previously named GE Money Financial Services, was established by the GE Group to carry out lending activities in India.
About Clix Capital
Founded in 2016 by Pramod Bhasin and Anil Chawla, Clix Capital a smart, contemporary lending firm that uses technology to make loans simpler, faster, and more accessible for our customers.
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