Key Metrics
- No. of Employees38
- Founded Year 2022
- Company StagePrivate Limited Company
- Total Funding₹100.02 Cr
- Industry
- Headquarter
- Company StatusActive
About GrowXCD
GrowXCD, a Reserve Bank of India (RBI)-registered Non-Banking Finance Company, currently operates through six branches situated in Tamil Nadu. Their mission at GrowXCD is to expedite the economic advancement of MSMEs and low-income households by facilitating access to capital. They prioritize the development of credit infrastructure, ensuring the smooth flow of institutional capital into retail assets secured by mortgages.
Business Model
GrowXCD is a Non-Banking Financial Company (NBFC) that provides loans to two main customer groups: micro, small, and medium enterprises (MSMEs) and low-income households. Its loan products include small mortgage loans secured by property and short-term unsecured loans for businesses.
Top Competitors
CC
Clix CapitalU74999DL2017FTC313537
IF
Iifl FinanceU65993MH2006PLC166475
IN
IndialendsU74999DL2013PTC249324
LO
LoantapU67100MH2016PTC280879
GrowXCD Funding Details
Funding Highlights
Latest Funding RoundSeries A
Total Funding Raised₹100.02 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors1
Investors
- Lok Capital
Note:
Valuation as on Nov 27, 2023
Funding Details
Funding History
Funding Per Year
GrowXCD Financial Details
Financial Highlights
FY 2023-24 Revenue₹3.76 Cr
FY 2023-24 Expenses₹5.03 Cr
FY 2023-24 Profit/Loss-₹88.56 Lakh
Net Cash Flow From Operations-₹28.45 Cr
Full Financial Details
Financial Comparison
Revenue Breakdown
Expense Breakdown
Shareholding Structure
Financial Ratio
GrowXCD Key People
People Metrics
Current Core Team2
Board Members/Directors5
GrowXCD Documents