Hero FinCorp began as a financier to customers of its parent, Hero Motocorp, and has expanded into a diversified NBFC offering retail and corporate lending. The company is described in the announcement as one of India’s fastest growing non-bank financial companies. It manages a $3.7 billion loan book and is positioned to broaden product offerings across various segments. Through the recent fundraise HFL sought a value-added capital partner to help execute its growth plans. The business is a key franchise within the Hero Group and intends to scale its financial services operations with strategic external capital.

Total raised

$125M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2022