INVA-AI-HERALD
𝗜𝗡𝗩𝗔-𝗔𝗜-𝗛𝗘𝗥𝗔𝗟𝗗 🤖 𝗔𝗜 𝗡𝗘𝗪𝗦 1. 🇮🇳 𝗩𝗲𝗴𝗮𝗳𝗶𝗻 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗨𝗽 𝘁𝗼 ₹𝟭,𝟬𝟬𝟬 𝗖𝗿𝗼𝗿𝗲 𝘁𝗼 𝗕𝘂𝗶𝗹𝗱 𝗮𝗻 𝗔𝗜-𝗙𝗶𝗿𝘀𝘁 𝗠𝗦𝗠𝗘 𝗟𝗲𝗻𝗱𝗶𝗻𝗴 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 📰 𝗪𝗛𝗔𝗧 𝗛𝗔𝗣𝗣𝗘𝗡𝗘𝗗 !! Indian lending startup Vegafin has secured an investment commitment of up to ₹1,000 crore from Premji Invest, Norwest and Lok Capital. The company, founded by former ICICI Bank executive Bijith Bhaskar, plans to build a technology-led lending platform for micro, small and medium enterprises. The initiative includes acquiring a majority stake in Bizloan, a Gurugram-based non-banking financial company focused on secured MSME loans. Vegafin aims to combine AI-driven underwriting, digital workflows and data-based credit assessments with on-ground distribution to improve lending operations. The investment commitment is intended to support platform development and expansion. 🧠 𝗪𝗛𝗔𝗧 𝗖𝗔𝗡 𝗜𝗧 𝗗𝗢? Vegafin aims to use AI and business data to assess MSM...