India, July 7 -- Bengaluru-based non-banking financial company (NBFC) InPrime Finserv has raised INR 50 Cr (about $6 Mn) in its Series A1 round.

The round, led by Pravega Ventures, saw participation from existing investors - Z47, InfoEdge Ventures and Kettleborough VC.

The NBFC plans to deploy the fresh capital to expand its presence beyond metro cities, targeting aspirational customers with stable incomes.

The NBFC has set its sights on empowering micro and nano entrepreneurs, self-employed professionals, small retailers, and the ones engaged in farming or allied sectors.

Founded in 2021 by Rajat Singh, Manish Raj and Sneh Thakur, InPrime provides business loans without collateral. It employs a hybrid model to evaluate customer needs...