Archive · 19 Jun 2025
Premji Invest to Back Tech-Driven NBFC Led by Ex-ICICI Banker
Imagine a company that helps small businesses get loans, but it's run using the latest technology.
Premji Invest, a company that invests money, wants to help start this new lending company.
They plan to invest in a new company that will be run by a former banker.
This new company will give loans to small businesses, using technology to make it easier and faster.
Premji Invest is also investing in other companies, like ones that make solar panels and medicines, showing they're interested in different types of businesses.
Premji Invest plans to invest in a new tech-driven NBFC led by former ICICI Bank banker Bijith Bhaskar.
The NBFC will focus on secured small business loans.
Premji Invest aims to acquire a 20% stake, with the NBFC seeking ₹500 crore from investors.
Bhaskar is applying for an NBFC license with the Reserve Bank of India (RBI).
Premji Invest recently invested in Premier Energies, Indegene, and other companies.
- Who
- Premji Invest, led by Azim Premji, and former ICICI banker Bijith Bhaskar are involved.
- What
- Premji Invest is investing in a tech-driven NBFC focused on secured small business loans.
- When
- The plans were recently announced, with the NBFC still in the process of obtaining a license.
- Where
- The specific location of the NBFC wasn't mentioned.
- Why
- To capitalize on the growing market for secured small business loans and data-led NBFCs.
- Investor
- Premji Invest
- Target
- Tech-driven NBFC
- Focus
- Secured small business loans
- Stake
- 20%
- Funding Goal
- ₹500 crore
- Key Person
- Bijith Bhaskar (former ICICI banker)
- License Status
- Applying for NBFC license