Summary
- Khaitan & Co. has successfully advised Beams Fintech Fund on a significant INR 215 crore equity fundraise for Business Nextgen Finance Private Limited (BNF).
- BNF, a technology-led non-banking financial company, aims to provide secured credit to MSMEs in underserved markets across India.
- The fundraise was spearheaded by Beams Fintech Fund I, with contributions from Baring Private Equity India Fund 6, Saison Capital Pte. Ltd., UNLEASH 1st Investment Partnership, and other investors.
- This investment could enhance BNF's capacity to support MSMEs, potentially transforming the financial landscape for small businesses in India.
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