DC Advisory advises Hiranandani Financial Services on its fund raise of $92m from Vitruvian Partners
Background
- Hiranandani Financial Services (HFS) is a non-banking finance company registered with the Reserve Bank of India
- HFS was founded by Harsh Hiranandani and Neha Hiranandani, and is managed by a professional management team headed by its CEO, Uday Suvarna
- HFS provides small ticket loans against property to Micro, Small and Medium Enterprises (MSME) borrowers to support their business expansion and working capital requirements
- HFS ended the fiscal year, 2025 with c. $320m in assets under management
- Vitruvian Partners is an international investment firm with €20bn AUM that supports entrepreneurs and high growth companies to achieve their goals
Process
- DC Advisory acted as the exclusive financial advisor to HFS on its fund raise of $92m from Vitruvian Partners
- DC Advisory reached out to relevant financial investors as part of the process with receipt of multiple indications of interest
- DC Advisory worked closely with the leadership team at HFS to develop an equity narrative and position it within the relevant buyer universe
- DC Advisory provided full advisory support including the preparation of marketing materials, managing investor interactions, assisting with due diligence, and supporting the investors and their advisors with negotiation and transaction documentation
Outcome
- The transaction closed in August 2025
- This is DC Advisory India's ninth Financial Services transaction in the past 24 months and further demonstrates DC Advisory’s expertise advising companies in the sector
“We are deeply grateful to DC Advisory for their exceptional support and strategic guidance throughout our fundraising journey. The dedication, professionalism, and tireless work ethic of the entire team were remarkable—they consistently went above and beyond at every stage of the process. From shaping a compelling deal narrative to expertly managing multiple investor conversations, they worked seamlessly alongside us, helping our team prepare thoroughly and navigate the transaction with confidence and clarity.”
“We are thankful to Abhijit and the DC Advisory team for their guidance through our fundraising journey. Their market understanding and comprehensive work right from positioning our business to negotiating the transaction has been pivotal in delivering the desired results. We could not have asked for a better team to lead us through this milestone moment in our company’s growth. Thank you for being true partners in every sense of the word.”
“DC Advisory is proud to have advised HFS on this landmark equity raise which marks Vitruvian's foray into the Indian financial services sector. Their investment bears strong testimony to the quality franchise that Uday and team have built. We are grateful to Harsh to have given us this opportunity and looking forward to being partners for many years to come.”
- Financial Services
Disclaimer
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