Khaitan & Co advised TVS Capital Funds Private Limited on its investment in Saarathi Finance and Credit Private Limited as part of Saarathi’s INR 475 crore (~USD 57 million) Series A funding round.
Funding round sees participation from TVS Capital, Paragon Partners, Lok Capital, and Evolvence India to support Saarathi’s mission of driving financial inclusion
About Saarathi:
Saarathi Finance, a fast-emerging non-banking financial company (NBFC), is focused on lending to underserved and unbanked segments of the Indian economy. Through a tech-enabled platform and alternative credit models, Saarathi provides credit access to micro and small enterprises, informal workers, and low-income households—segments typically overlooked by traditional lenders.
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Deal Significance:
This landmark Series A round is among the largest early-stage financings in India’s financial inclusion and impact lending space. The capital will help Saarathi scale its credit offerings, invest in data-led underwriting tools, and deepen its geographic footprint. The deal also reflects a renewed investor interest in mission-aligned fintech and NBFC models addressing India’s credit gap in Tier 2 and 3 markets.
Khaitan & Co Deal Team:
Partners: Vivek Sriram, Varun Narayan
Senior Associate: Karthik Sridhar
The firm advised on the entire transaction lifecycle—including deal structuring, regulatory compliance, negotiation support, and documentation.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
