Capital Float Raises INR 50 Cr Debt Round From Triodos IM

Capital Float Raises INR 50 Cr Debt Round From Triodos IM

SUMMARY

Capital Float has raised INR 50 Cr in debt for a period of 3 years from Triodos Microfinance Fund and Triodos Fair Share Fund

Since January 2021, Capital Float has raised over INR 200 crores in debt

Launched in 2013 by Gaurav Hinduja and Sashank Rishyasringa, Capital Float is an NBFC that lends to SMEs to help them scale up

Bengaluru-based lending tech startup Capital Float has raised INR 50 Cr in debt for a period of 3 years from Triodos Microfinance Fund and Triodos Fair Share Fund, financial inclusion funds managed by Triodos Investment Management (Triodos IM). Triodos IM is a wholly-owned subsidiary of Netherlands-based Triodos Bank.

Since January 2021, Capital Float has raised over INR 200 crores in debt. These funds are being strategically deployed towards scaling up growth in credit delivery, as the company has doubled its base over the last 8 months to over 2 Mn customers. The company operates a Buy Now Pay Later product, in partnership with leading online platforms and brands. It also offers a full suite of financial planning and management tools through its Walnut app, including small-ticket credit facilities for self-employed entrepreneurs and salaried professionals.

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