Premji Invest, Norwest and Lok Capital Plan Up to ₹1,000 Crore Investment in Vegafin: Report

Azim Premji’s investment firm Premji Invest, along with Norwest and Lok Capital, plans to invest up to ₹1,000 crore in Vegafin Capital to build an artificial intelligence-led lending platform for micro, small and medium enterprises (MSMEs), according to a Bloomberg report published on October 21. Vegafin, founded by former ICICI Bank executive Bijith Bhaskar, has signed definitive agreements to acquire a majority stake in Gurugram-based non-banking financial company (NBFC) Bizloan.