Mumbai, Sept. 18 -- The aforementioned fund raising proposal is subject to the approval of the shareholders and requisite regulatory and statutory approvals.

The company stated that marquee investors, including Axis Mutual Fund, HDFC Mutual Fund, Massachusetts Institute of Technology, White Oak, 360 One, Groww Mutual Fund, Bandhan Mutual Fund, have participated in the proposed preferential issue.

The company aims to further strengthen its capital position and support its next phase of growth through the fundraise.

The major chunk the additional capital raised will be infused in Si Creva Capital Services, the wholly owned subsidiary of the company to provide Kissht with greater financial flexibility to scale its lending business, streng...