- Lending Platform FlexiLoans Raises $7 Mn In Debt Funding Mumbai-based digital SME lending platform FlexiLoans has raised an institutional debt funding of about $7 Mn (INR45 Cr) from Financial Institution(s). The funding will be used to expand its proprietary loans and supply chain financing segment. Founded by four ISB classmates Deepak Jain, Abhishek Kothari, Ritesh Jain and Manish Lunia in 2016, FlexiLoans is an […]
- Power2SME Raises $10 Mn In Equity Funding From IFC For Expansion Gurugram-based Power2SME, a ‘Buying Club’ for SMEs in India has raised $10 Mn in equity funding from the International Finance Corporation (IFC), the private investment arm of the World Bank. In addition to the investment, IFC will also advise Power2SME to help it expand beyond its current reach in 14 states. It will also improve […]
- Indian Startup Funding Of The Week [Funding Galore 21-26 Aug] We bring you the new edition Funding Galore: Indian Startup Funding of the week. The funding activity in the Indian startup ecosystem. This week 12 Indian startups raised about $244 Mn in funding. (The startup funding calculations are based on the startups that disclosed their funding amounts). Making it the biggest startup funding of the […]
- Riding On The FinTech Wave, Capital Float Rakes In $45 Mn To Take SME Lending To Next Level Bengaluru-based online SME lending platform Capital Float has raised $45 Mn Series C funding, led by Silicon Valley-based Ribbit Capital. The round also saw participation from existing investors SAIF Partners, Sequoia India and Creation Investments. Palo Alto-based Ribbit Capital is a global investment organisation focussed on the finance sector. This is Ribbit Capital’s fourth bet […]
- Indonesia Based P2P Lending Startup Investree Is Banking On Invoice Financing To Crack A $70 Bn Market Experience is the best teacher, mostly. In the case of Adrian Gunadi, co-founder of Indonesia-based startup Investree, experience was the guiding force to venture into the P2P lending space to accelerate credit accessibility and financial inclusion in Indonesia. A country where banks are not largely able to serve SMEs and small consumers. Says Adrian, whose […]
- UAE Hosts First Startup India Summit – Opens Gates for Indian Startups In Middle East India is the third-largest startup ecosystem in the world. It is climbing up to become number two by leading in tech innovation, to reach the next 6 Bn users. The ecosystem is looking to spread its wings far and wide and one such place it’s looking at is the Middle East. Earlier this week, the embassy […]
- Funding Galore: Indian Startup Fundings Of The Week [10 April – 15 April] In one of the biggest deals in Indian startup ecosystem, Flipkart swept in $1.4 Bn from Tencent, eBay, and Microsoft, at a post-transaction valuation of $11.6 Bn. Flipkart will buy eBay India operations as part of this deal. Also, eBay will infuse cash in Flipkart against an equity stake. Next up, Ola’s parent company ANI Technologies […]
- Capital Float Raises $2.3 Mn Funding From Mahindra And Mahindra Financial Services Bengaluru-based online lending platform for SME’s Capital Float has raised $2.3 Mn (INR 15 Cr) from Mahindra and Mahindra Financial Services. The funds have been raised against the allotment of non-convertible debentures (NCDs). Non-convertible debentures do not convert into equity shares, thus, can yield a higher interest rate. Co-founder Sashank Rishyasringa told ET, “The deal […]
- Funding Galore: Startup Fundings Of The Week [6 February – 11 February] Ratan Tata, the Chairman Emeritus of Tata Sons has announced his intentions to invest again in Indian startups. With the Tata Sons vs Cyrus Mistry clash, he was forced to join the group as interim Chairman, thereby pulling him off the startup world for five months. Next up, amidst rising losses in FY 2016-17, Softbank […]
- Lending Platform Capital Float Secures $2.5 Mn From IFMR Capital Bengaluru-based online lending platform Capital Float has raised about $2.5 Mn (INR 17 Cr) from IFMR Capital Finance and its alternative investment fund. Sashank Rishyasringa, co-founder of Capital Float said, “The NCD raise is for strengthening our lending books. This will enable us to fulfil the working capital requirements of SMEs; for both repeat borrowers […]
- With A Less Than 1% Rate Of Defaulters On Its Portfolio, Capital Float Aims To Deep Dive Into The $500 Bn SME Lending Market [Note: This article is part of The Junction Series. We will be covering the FinTech sector in detail at The Junction 2017 in Jaipur. Learn more about The Junction here!] Gaurav Hinduja and Sashank Rishyasringa hardly came from the domain they were trying to revolutionise – online lending. “But we were both excited to come […]
- The Long Road To A Cashless India: Are Indian Fintech Startups Ready? [Note: This article is part of The Junction Series. We will be covering the FinTech sector in detail at The Junction 2017 in Jaipur. Learn more about The Junction here!] In the seventeenth century, Sweden became the first European nation to print paper money. Come the 21st and it looks like it could be one […]