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Maybright Ventures operates mPokket, a digital platform for instant microloans to India's students, freshers, and young professionals. It provides financial assistance up to ₹2,00,000, directly to bank accounts, with flexible repayment. Simplifying credit access, it uses digital KYC and income proof, bypassing collateral, and functions as an RBI-registered NBFC.
The company was founded in 2016 by CEO Mr. Gaurav Jalan. His insight arose during US studies, noticing a financial empowerment disparity between Indian and American youth. This motivated him to create a lending service tailored for students and young professionals often underserved by traditional institutions.
Maybright Ventures aims to empower India's youth, promoting responsible financial planning through accessible, short-term loans. The platform supports immediate needs, from education to daily expenses, integrating young individuals into the formal financial ecosystem. It positions itself as a crucial step towards their future financial independence.
Maybright Ventures has 1 tracked investment across 1 company. The latest tracked deal is $7.0M Series B in Freyr Energy in October 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 16, 2023 | Freyr Energy | $7.0M Series B | Rodrigo Madrazo | Lotus Capital, Schneider Electric, VT Capital |
