Avendus Capital Advises Vistaar Financial Services on Its INR 1,360 cr Investment Led by Motilal Oswal Alternates, Abc Impact and Others

Vistaar Financial Services Pvt. Ltd. (Vistaar), today announced an investment of INR 1,360 cr, including INR 870 cr of primary capital, to support its next phase of growth. The round was led by Motilal Oswal Alternates and saw participation from multiple investors, including Singapore-headquartered Asia impact investor, ABC Impact, among others.

Avendus Capital acted as the exclusive financial advisor to Vistaar and its shareholders on the transaction.

Deal Value

INR 1,360 cr

Service

Private Equity

Sector

Financial Institutions Group

Date

August 2025

We are delighted to welcome our new financial partners who share our mission of enabling credit access to underserved micro-enterprises across semi-urban and rural India. We remain deeply grateful to Warburg Pincus for their unwavering support and strategic guidance. This investment allows us to deepen our grassroot presence, drive customer-centric innovation, product diversification, and strengthen brand positioning as we continue to create greater value for all our stakeholders.

Avijit Saha

Managing Director & CEO, Vistaar Financial Services

We are pleased to partner with India’s leading MSME lender, that is addressing a critical financial gap in underserved segments. Under Avijit’s leadership, Vistaar has transformed remarkably, demonstrating robust growth and profitability. With the continued backing of Warburg Pincus and the addition of marquee investors, we believe Vistaar is poised to unlock its next phase of growth and deepen its impact across India’s credit landscape. This transaction further fortifies Avendus’ leadership position in MSME and broader retail lending space.

Anshul Agarwal

Managing Director & Head, Financial Institutions Group Investment Banking, Avendus Capital

About Vistaar Financial Services

Vistaar Financial Services Pvt. Ltd. (Vistaar), India’s leading micro-enterprise lender. Since commencing operations in 2010, Bengaluru-based Vistaar has successfully expanded its presence across 12 states operating through a robust network of more than 250+ branches, while maintaining a strong focus on financial inclusion and credit quality. Today, the company manages over INR 5,000 cr in AUM, with a capital adequacy ratio exceeding 50% along with a credit rating of A+ (Stable), delivering mid-teens’ ROE as of FY25.