Mumbai, June 19 -- Premji Invest, the family office of Wipro founder chairman Azim Premji, is looking to back former ICICI Bank banker Bijith Bhaskar to set up a tech-driven non-banking finance company (NBFC), according to a person close to the matter.

The firm, which makes early and growth-stage investments in start-ups, is looking to pick up a 20% stake in the NBFC, which will focus on secured small business loans.

TheNBFC, which has not been given a name yet, is looking to raise around Rs.500 crore from Premji Invest and a couple of other investors, added the person cited earlier.

"There is a great need for tech-driven data-led NBFC which focuses on secured lending," he said. "Being fully digital, data and tech driven, this will be ...