NeoGrowth Raises Rs 85 Crore from FMO and LeapFrog Investments

9 Oct 2026, 9:12 am · 1h ago · 1 min read · EntrackrNew

Amount

₹85 Cr

Lead

FMO

Mumbai-based digital lender NeoGrowth has raised Rs 85 crore in a mix of equity and debt financing from Dutch development finance institution FMO and existing investor LeapFrog Investments. Founded in 2011 by Dhruv Khaitan and Piyush Khaitan, NeoGrowth provides collateral-free and collateral-backed credit to micro, small, and medium enterprises using digital payments and point-of-sale data analytics. The company previously secured Rs 300 crore in its Series D round in December 2022. NeoGrowth plans to deploy the fresh capital to expand its loan book to nearly Rs 3,000 crore across 25 Indian cities.