Integrated pooling and supply chain solutions company Leap India has announced that the company has secured Rs 104 Cr in debt from CDC Group. A company statement said, “With a two-fold mission to connect the grain supply chain from farm to business, and to transform itself into a robust agri-silos and logistics platform, Leap India…
Stride Ventures, one of India’s leading venture debt funds, has led a debt round of INR 25 crore in MediBuddy – India’s leading digital healthcare platform. MediBuddy helps its users consult specialist doctors, order medicines and book lab tests from the comfort of their homes. It is also a partner to several leading corporate customers…
Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. Ltd., recently raised debt capital worth 5 million US dollars from WaterEquity, a USA-based impact investment asset manager. The organization has touched the lives of more than 8 lakh individuals, a majority of them being women borrowers, according to the release. Pahal has been working towards providing funding…
Shriram Transport Finance Company Ltd, India’s largest player in commercial vehicle finance, has raised Rs 350 crore ($48.3 million) in a debt funding deal structured and executed by non-bank lender Northern Arc Capital. Cash proceeds will be used to support first-time truck buyers, small road transporters and drivers-turned-truck owners who have been impacted by the…
Kinara Capital, a socially responsible fintech, announced securing USD $10 million from IndusInd Bank with a 100% guaranty from the U.S. International Development Finance Corporation (DFC). This is a part of a debt and equity round of INR 100 crores, with equity contribution coming from Kinara’s existing investors – Gaja Capital, GAWA Capital, Michael &…
Eduvanz, India’s top fintech Non-banking Finance Company (NBFC) that enables students to Study Now, Pay Later at 0% interest rates, has raised $10 million in debt funding from multiple financial institutions including InCred Financial Services, Vivriti Capital, and Northern Arc Capital. Commenting on the development, Varun Chopra, CEO, and Co-Founder of Eduvanz, “During the pandemic,…
Fintech startup BharatPe has raised Rs 139 crore debt from Alteria Capital and ICICI Bank. The firm plans to use the funds raised to strengthen its business. Ashneer Grover, co-founder and CEO, BharatPe, said to PTI, “Rs 90 crore in debt came from Alteria Capital, while the remaining Rs 49 crore was from ICICI Bank.”…
Slice, a fintech startup which is building a smart, simple, and transparent financial platform to redesign the life experience for millennials, announced that it has raised Rs 39 crore in debt funding from Vivriti Capital, Northern Arc Capital, InCred Financial Services, Growth Source Financial Technologies, and Ashv Finance. The company will utilise the funds raised…
FlexiLoans, a Mumbai-based online lending platform, announced that it has raised Rs 150 crore in a mix of debt and equity financing from multiple investors. The investment was led by Falguni and Sanjay Nayar Family Office. The startup plans to use the funds raised to scale up its micro SME lending and launch new lending…
Origo, a complete post-harvest management services for agricultural commodities has said that it has raised Rs 35 crore debt from Northern Arc Capital and other investors, according to PTI report. Origo group firms Origo Commodities and Origo Finance, will use the fund for securitizing the agricultural markets and streamlining the supply chain mechanism for agri…
Sugar Cosmetics, a Mumbai-based cruelty-free makeup brand, announced that it has raised $2 million debt funding led by Stride Ventures. The venture debt fund said it has partnered with an Indian private bank for this deal. “In a fiercely competitive landscape, Sugar has managed to stand apart in a short span of time. Their branding,…
Wow! Momo, a Kolkata-based chain of fast-food restaurants that specializes in momos has announced that it has raised Rs 45 crore in debt funding from Anicut Capital. The company will primarily use the debt funding to repay a loan of Rs 35 crore it had raised from Avendus Finance in 2018. Founded in 2008 by…
Samunnati, a Chennai-based startup that provides financial, co-financial and non-financial solutions to marginal, small and medium holders including farmers, agri enterprises and wholesale/retailers, announced it has raised $20 million in debt from the US International Development Finance Corporation (DFC), according to the ETtech report. The startup will use the capital to expand its financing and…
ZipLoan, a New Delhi-based fintech lending platform that provides loans to MSMEs, has raised a Rs 15 crore debt funding from Stride Ventures, a venture debt fund firm. According to a statement from Stride Ventures, this is its first foray into fintech lending and the funding will be disbursed across two tranches. The firm believes…
SATYA MicroCapital Ltd, a RBI registered NBFC-MFI, announced that it has successfully raised Rs 72.5 cr via Swiss impact investor BlueOrchard Finance Limited for the second time since its inception in 2017. The funding is received through InsuResilience Investment Fund (IIF) and Japan ASEAN Women Empowerment Fund (JAWEF) managed by BlueOrchard, the Company said in…