Capital Float, a finance technology startup which helps SMEs secure capital online, has raised close to ₹17 crore in a round led bt IFMR Capital Finance and its alternative investment fund. Unlike others, this is not a private equity deal. The company has raised money by allotting Non-Convertible…
Tag: Capital-float
Online lending platform Capital Float grows 400% in Delhi-NCR
Online lending platform Capital Float claims to have witnessed a 400 per cent growth in Delhi-NCR region in 2016 as over 1,000 SMEs availed loans on the platform. “Our disbursal volumes and values have skyrocketed in Delhi NCR in 2016. In the coming year, we are expecting a 500% rise in disbursal…
Start-ups gear up to raise fresh funds under liberalised ECB regime
Indian start-ups might look at raising funds through the more liberalised external commercial borrowing (ECB) route to spend on marketing, setting up offices in the US and Europe, and expanding their business. This would also give them access to debt money, a crucial factor at a time when they’re…
Focus on SMEs & e-Commerce poised for tremendous growth in near future | Voonik Co-Founder Sujayath Ali
The future is full of possibilities for SMEs and it is up for grabs, given the opportunities granted by the e-Commerce boom in India. SMEs may not have strong online presence, but 43% of the total SMEs participate in online sales in India. Voonik, an apparel sector e-Commerce startup, is a conflu…
Capital Float, Payworld to enhance Indian grocery stores
Capital Float, the largest digital lending platform in India, has partnered with Payworld to provide kirana (grocery) store owners with convenient financing options, enabling them to expand business operations. Small retailers are often underserved by traditional financial institutions because of…
Only clean social history can get small companies a loan
What does a small enterprise need to do to get a loan? In today’s world: Keep a clean social media footprint. Until a few years ago, Small and Medium Enterprises seeking a loan had to make multiple trips to banks or other lenders with company and project details, and could still go disappoi…
Small scale firms get lending hand from Paytm, Fincos
Mobile payments and commerce platform Paytm said it has tied up with financial institutions to facilitate collateral-free working capital loans of up to Rs 1 lakh for small merchants and service providers like kirana store owners and auto drivers. Paytm will pass on the credit profile, which is b…
B2B e-commerce market 6 times larger than B2C: SME lenders
Companies like Capital Float, Lending Kart and Indifi Technologies that lend to small and medium enterprises are increasingly partnering with B2B e-commerce platforms such as Of Business and Tolexo to provide financing options to sellers and buyers on the marketplaces. B2B e-commerce market 6 tim…
Askme Fin plans payment services for SMEs
E-commerce marketplace Askme Bazaar plans to help small and medium vendors who are transacting on its site by arranging credit and insurance products for them. These services will be provided via Askme Fin, the groups’ financial services platform. In the last 2-3 months, Askme Fin has helped abou…
Capital float receives ₹170 cr in Series B round
Capital Float, a leading online lender for small businesses, has raised about ₹170 crore ($25 million) in a Series B round led by Creation Investments. Existing investors Aspada, Sequoia India and SAIF Partners participated in this round that valued the company at over $100 million. This is Capit…