Indifi Appoints Sangram Singh As CEO To Accelerate Growth And Innovation

Indifi Technologies, a digital technology platform for lending to the MSME sector appointed Sangram Singh as its chief executive officer (CEO).  

The move will reinforce its commitment to sustained growth, innovation, and providing enhanced financial services to the MSME sector, the company said in its release.  

With the most recent inroads being instant business loans and enabling working capital finance to D2C brands, Indifi has disbursed over 96,000 loans across 400+ cities, amounting to a total disbursement value of over Rs 5100 crore, it added. 

As the CEO of the company, Sangram will play a pivotal role in advancing the core franchise by overseeing crucial functions such as product development, distribution, partnerships, technology, risk management, and treasury operations. With vast experience in banking and fintech, gained from leadership positions at Axis Bank, Freecharge, Citibank, and GE Capital India, Sangram is well-equipped to drive Indifi into its next phase of growth. His strategic foresight and extensive industry knowledge are expected to provide a significant advantage as the company charts its path forward, the company said.   

Alok Mittal, will continue to serve in his executive role as co-founder and MD and along with Siddharth Mahanot, will spearhead the creation and scaling of innovative product offerings, notably in secured lending and transaction-based financing.    

Speaking on the appointment, Singh said, “The digital MSME ecosystem is a cornerstone of India's economy, offering a unique opportunity for leveraging data and platforms as small businesses increasingly integrate technology. This dynamic presents significant prospects for expanding financial services, particularly in enhancing credit access to the small business segment. I am excited to be part of this journey with Alok and Siddharth and look forward to introducing innovative solutions for our business partners and customers and exploring new horizons that contribute significantly to the development of India’s online lending landscape.” 

Gurugram-based company secured $35 million in its Series E funding round last June. The round was spearheaded by funds managed and advised by ICICI Venture, with participation from existing investors such as British International Investment, OP Finnfund Global Impact Fund I, Omidyar Network India, Flourish Ventures, and CX Partners, as reported by Entrackr.  

In a recent mixed round of equity and debt funding, the company successfully raised $47 million. The funding was led by CX Partners and OP Finnfund Global Impact Funds I.