{"id":98990,"date":"2023-04-03T16:43:00","date_gmt":"2023-04-03T11:13:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=98990"},"modified":"2023-04-03T16:39:51","modified_gmt":"2023-04-03T11:09:51","slug":"biz-moneyboxx-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-moneyboxx-3\/","title":{"rendered":"Moneyboxx raises Rs 24 crore equity capital"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1572518784\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Moneyboxx Finance, which provides business loans to micro entrepreneurs in smaller towns, on Monday said it has raised equity capital of Rs 24 crore by way of private placement from non-promoter investors.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3075190435\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With this funding round, the company said it has raised capital of Rs 48.4 crore in 2022-23 (including warrants of Rs 3.36 crore) and a total capital of Rs 93.5 crore since its inception.<\/p><p>&#8220;The company has strengthened its capital position with the recent equity fund raises and plans to use the funds for expanding its scale of operations and tap growth opportunities, given the huge unmet credit gap for micro enterprises in the loan segment under Rs 10 lakh,&#8221; Moneyboxx said in a release.<\/p><p>&#8220;The equity fund raise along with growing and continuous support from our lenders will help us to further our cause of supporting the deserving micro enterprises and ensuring sustainable economic progress for them with various beyond-lending impact initiatives,&#8221; Deepak Aggarwal, Co-founder of Moneyboxx, said.<\/p><div class=\"trade-content_5\" id=\"trade-862232746\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Its AUM (asset under management) reached Rs 345 crore in March 2023, growing by 185 per cent over last year, driven by improving branch productivity and expansion.<\/p><p>Moneyboxx has doubled its branch network to 61 branches across six states in 2022-23 and is targeting 100 branches and AUM of Rs 1,000 crore in current financial year(2023-24).<\/p><p>It provides unsecured and secured business loans of Rs 1-7 lakh to individual borrowers for livestock, kirana, traders as well as micro-manufacturers in Tier-III and below towns. PTI NKD ANU ANU<\/p><div class=\"trade-after-content\" id=\"trade-2407877452\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Moneyboxx Finance, which provides business loans to micro entrepreneurs in smaller towns, on Monday said it has raised equity capital of Rs 24 crore by way of private placement from non-promoter investors. With this funding round, the company said it has raised capital of Rs 48.4 crore in 2022-23 (including warrants of Rs 3.36 crore) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":81083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-98990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Moneyboxx raises Rs 24 crore equity capital - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Moneyboxx Finance, which provides business loans to micro entrepreneurs in smaller towns, on Monday said it has raised equity capital of Rs 24 crore by way of private placement from non-promoter investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-moneyboxx-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moneyboxx raises Rs 24 crore equity capital\" \/>\n<meta property=\"og:description\" content=\"Moneyboxx Finance, which provides business loans to micro entrepreneurs in smaller towns, on Monday said it has raised equity capital of Rs 24 crore by way of private placement from non-promoter investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-moneyboxx-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-03T11:13:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/money-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/money-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-moneyboxx-3\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-moneyboxx-3\/\",\"name\":\"Moneyboxx raises Rs 24 crore equity capital - 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