Tech
FinReach raises Rs 21.9 Cr led by Colossa Ventures
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FinReach Solutions has raised Rs 21.9 crore (around $2.6 million) in a fresh round led by Colossa Ventures, along with existing investors Michael & Susan Dell Foundation, Omidyar Network Fund Inc, and Caspian SME Impact Fund IV.
The company had earlier raised Rs 32.5 crore (around $3.9 million) from its existing investor group.
The new capital will be used to scale operations, expand guarantee facilitation, and strengthen the company’s risk and technology stack to support larger volumes of credit assessments.
Founded in December 2020 by Suvalaxmi…
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