Clix Capital raises Rs 220 crore equity from existing investors including Apollo Global
Clix Capital has raised Rs 220 crore in fresh equity capital. This investment round was led by existing investors — Apollo Global Management, Pramod Bhasin and Anil Chawla.
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“This infusion will further energize the teams in fulfilling our purpose of serving the underserved MSMEs across India,” said Rakesh Kaul, CEO of Clix Capital. “This comes at an opportune time, given the government’s thrust on the MSME sector and its vision for Viksit Bharat.”
The company plans to utilise these funds to strengthen its lending capabilities across the MSME, Education, and Healthcare Equipment sectors, enhance its credit profile & significantly invest in new age AI & ML technologies
“Our investment in Clix Capital has seen significant value creation and we are delighted to have participated in this equity round. We see ample headroom for growth in Clix Capital’s journey as it expands its footprint in India’s growing MSME sector,” said Utsav Baijal, Partner and Head of India Private Equity, Apollo Global Management.
Over the last few years, Clix Capital has grown its assets under management at a CAGR of over 30%. The company’s current AUM stands over Rs 6,000 crore with GNPA of less than 2% and has surpassed Rs 26,000 crore in total lifetime disbursements.
With this equity raise, Clix Capital expects to cross Rs 10,000 Cr AUM in the next 18-24 months. This infusion
