India, Jan. 28 -- Bengaluru-based lending tech startup Bizloan has raised INR 35 Cr ($4.22 Mn) in a Series A funding round led by Michael & Susan Dell Foundation and BLinC Invest.

Resurgent India acted as the financial advisor to Bizloan in this fundraise.

The company plans to use the capital to expand its footprint in underserved markets, enhance its suite of loan products, and strengthen its technology infrastructure. It aims to serve more than 2,500 micro and nano enterprises in the next 12 months.

Founded by Rahul Jain, Bizloan is an RBI-registered NBFC that provides credit solutions to micro, small and medium enterprises (MSMEs). The startup has so far disbursed INR 774 Cr in loans across 26 branches, supporting more than 3,000 en...