India, April 29 -- Cleantech-focussed non-banking finance company Metafin has raised $10 Mn (around INR 85 Cr) in its Series A round led by Temasek's subsidiary, Vertex Ventures Southeast Asia and India.

The round also saw participation from venture debt firm Northern Arc, AU Small Finance Bank and existing investors such as Prime Venture Partners and Varanium Capital.

Metafin cofounder and director Aditya Shah told Inc42 that the fresh proceeds will primarily be poured into growing the NBFC's business and achieving 10,000 solar installations in rural parts of the country. A part of the capital will also be deployed to build its tech stack and bolstering the senior leadership team.

Founded in 2018 by Shah and Sandeep Chopra, Metafin op...