House of Hiranandani-backed NBFC firm HFS raises Rs 800 crore; CEO says, 'Mission to empower small entrepreneurs...'

Hiranandani Financial Services (HFS), a Non‑Banking Financial Company (NBFC) focused on empowering micro and small‑business entrepreneurs, today announced its maiden external equity fundraise of Rs 800 crore (approximately $91.5 million).

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As part of the transaction, funds managed by Vitruvian Partners, a global investment firm that backs high-growth companies, invested through Vitruvian’s Singapore platform and acquired a minority stake in HFS.

The funding will strengthen HFS’s presence in India’s MSME financing sector, expand its footprint across underserved Tier III and Tier IV markets, deepen secured lending, and fund continued investments in technology and talent, the release notes.

HFS, which is backed by House of Hiranandani, said it will expand its footprint across India’s underserved Tier III and Tier IV markets and deepen its secured lending capabilities. The company further said the fresh infusion of capital will accelerate its loan disbursements, drive technology investments, and scale its presence in high‑potential MSME clusters.

Harsh Hiranandani, Founder of Hiranandani Financial Services, said, “This investment is a strong validation of our mission to empower India’s small entrepreneurs with quick, reliable and tech-driven credit access. It advances our journey to build one of India’s most trusted NBFC platforms for MSMEs.”

“We already have a strong promoter in House of Hiranandani and are excited to now have a global investment firm like Vitruvian Partners backing us. The credit gap in micro and small enterprises is large, and this fundraise will help us accelerate our journey and expand our reach to support more small businesses in their growth,” said Uday Suvarna, CEO of Hiranandani Financial Services.

Alongside a D2C model, the firm leverages data from multiple sources, automated credit rule engines, mobile-first assisted onboarding, and real-time KYC to underwrite borrowers quickly and efficiently.