Ajay Ramanathan - Author at VCCircle
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Ajay Ramanathan

Ajay writes on the banking, financial services, and insurance segment. He is keen on analysing the multi-fold impact of any news development, and putting it across in the long-form.

Gold-loan NBFC Indel Money taps Kotak fund for $11 mn debt

Finance

22 January, 2026

Gold-loan NBFC Indel Money taps Kotak fund for $11 mn debt

Gold loan-focused Indel Money has raised Rs 100 crore (around $11 million) in debt from Kotak Credit Opportunities Fund......

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Roha Group taps private credit funds for housing finance arm

Finance

21 January, 2026

Roha Group taps private credit funds for housing finance arm

​The Roha Group, which began as a food ingredients and industrial colours manufacturer more than five decades ago, has......

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PE-backed Auxilo Finserve eyes bigger domestic education pie, with global tensions rising

Finance

21 January, 2026

PE-backed Auxilo Finserve eyes bigger domestic education pie, with global tensions rising

Auxilo Finserve, which has four private equity firms on its captable, is banking on its domestic education, and ......

Centrum-backed Modulus Alts floats third private credit fund

Finance

20 January, 2026

Centrum-backed Modulus Alts floats third private credit fund

Private credit investor Modulus Alternatives has rolled out its third performing private credit fund with a target ......

Wonder Home Finance raises $55 mn from Growtheum Capital

Finance

20 January, 2026

Wonder Home Finance raises $55 mn from Growtheum Capital

Wonder Home Finance, part of the RK Group, has raised $55 million (around Rs 500 crore) from Singapore-based private ......

Mufin Green Finance snags $12 mn from European development financier

Finance

20 January, 2026

Mufin Green Finance snags $12 mn from European development financier

Non-bank lender Mufin Green Finance Ltd, which is backed by Belgium-based impact investor Incofin, is raising up to $12 ......

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Bottomline: CASHe's NBFC unit Bhanix Finance pivots to co-lending as NPAs rise

Finance

20 January, 2026

Bottomline: CASHe's NBFC unit Bhanix Finance pivots to co-lending as NPAs rise

Bhanix Finance and Investment, the parent company of fintech firm CASHe, has transitioned from a balance-sheet lender to......

BII-backed Namdev Finvest raises $37 mn from FMO, others

Finance

19 January, 2026

BII-backed Namdev Finvest raises $37 mn from FMO, others

Jaipur-based Namdev Finvest, a non-banking financial company (NBFC) which counts British International Investment (BII) ......

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LKP Finance firms up game plan in new avatar as Gyftr, scouts for acquisitions

TMT

16 January, 2026

LKP Finance firms up game plan in new avatar as Gyftr, scouts for acquisitions

​LKP Finance Ltd, which has given up its non-banking finance company licence and is renaming itself to Gyftr Ltd as ......

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Former Five-Star Business Finance CEO Krishnan takes over MSME lender as Accion exits

Finance

14 January, 2026

Former Five-Star Business Finance CEO Krishnan takes over MSME lender as Accion exits

Rangarajan Krishnan, a former CEO of Mumbai-listed lender Five-Star Business Finance Ltd, has acquired a controlling ......