Prayaan Capital Raises Rs 110 Crore Series A Funding Led by Peak XV Partners

Prayaan Capital, a Chennai-based non-banking finance company led by former Five-Star Business Finance CEO Rangarajan Krishnan, has raised Rs 110 crore in a Series A funding round led by Peak XV Partners. The capital will support building a technology-driven lending platform, expanding the team, and increasing presence in key MSME markets. Prayaan aims to address the estimated Rs 300 billion credit gap faced by underserved micro, small, and medium enterprises in India by combining customer insights with digital tools.