Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million) in a Series C funding round led by Accion, Nuveen, and Fundamentum, with participation from existing investor Maj Invest. The funds will be utilized to scale operations, enhance product offerings, and strengthen technological infrastructure, aiming to increase its assets under management (AUM) from Rs 2,000 crore to Rs 3,500 crore. Flexiloans, founded in 2016, focuses on providing loans to micro, medium, and small enterprises, and has disbursed over Rs 7,000 crore in loans across India. The company has maintained profitability for the last three years and plans to target a loan disbursement of Rs 5,000 crore in FY25. Co-founder Deepak Jain emphasized that the fresh capital will allow for further growth and operational scaling, with an eye toward potential public listing in the future.