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Shopclues Launches Vendor Financing Platform “Capital Wings” For Over 150k Merchants

Shopclues Launches Vendor Financing Platform “Capital Wings” For Over 150k Merchants

Gurgaon-based online managed marketplace, ShopClues, has announced a financing platform for its vendors by the name “Capital Wings”. The platform which is planned for phased launch will enrol its more than 1,50,000 vendors.

The company has tied up with third party finance providers, Nationalised Banks and NBFCs, to empower its merchant base. The platform will offer working capital to vendors at highly competitive rates and without collateral to enable merchants scale their business.

Speaking on the initiative, ShopClues Co-founder & CEO, Sanjay Sethi said, “Merchant satisfaction is a very important business metric for us at ShopClues. They are equal stakeholders in our success and we wish to help them infuse new blood and energy into their businesses with this financing platform. Those who aspire to grow their ventures manifold, will be provided with a convenient platform where the process from application to loan amount disbursement will be complete within a week.”

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Akanksha Pahwa

Inc42 Staff

Passion for writing and inclination of being updated in technology brings Akanksha together to be a content writer. Her prior experience in PR firms widens her genres in Media planning, Corporate Communication and Research Analyses.

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