New Delhi, Eleven, a diversified group with interests in healthcare, financial services, and energy, on Monday said it has invested Rs 216 crore into its financial services business, including its NBFC arm.With the latest infusion, the group's total investment in the business rose to Rs 470 crore over the last four years through a mix of primary and secondary investments, Eleven said in a statement.Also read: Omaxe to plug Rs 6,200 cr in new dedicated hospitality vertical, plans 19 hotels in 5 statesThe investment reflects Eleven's continued focus on building a scaled financial services franchise, the company said, adding that its NBFC arm SVCL, has served more than 19 lakh customers cumulatively and disbursed over Rs 10,000 crore in credit since inception.The company has strategically transitioned from an MFI-led model to a diversified NBFC platform, with a sharper focus on MSME lending, it said.Alongside this investment, Eleven has announced the launch of Eleven Tech, a technology-led financial services platform that will provide integrated solutions to banks, NBFCs and other financial institutions across disbursement, collections, legal and recovery operations, it said.As part of this strategy, Eleven has onboarded Monu Ratra as Co-founder and CEO of Eleven Tech.
Eleven invests Rs 216 cr into financial services biz, total investment rises to Rs 470 cr
Diversified group Eleven has injected Rs 216 crore into its financial services arm, pushing total investment to Rs 470 crore over four years. This strategic move aims to bolster its scaled financial services franchise, with its NBFC, SVCL, having served over 19 lakh customers and disbursed Rs 10,000 crore. Eleven also launched Eleven Tech, a new platform for financial institutions, appointing Monu Ratra as its CEO.
Eleven invests Rs 216 crore and launches Eleven Tech, a B2B SaaS platform for disbursement/collections/recovery across banks and NBFCs. The MFI-to-platform pivot signals MSME lending infrastructure consolidation via software, capitalizing on Rs 10K+ crore deployed.








