Mumbai: Aye Finance, a Gurugram-based small business loan provider, September said it has raised close to $7 million (Rs44crore) in debt financing from global impact investment manager Triodos Investment Management of the Netherlands. Triodos Investment Management manages investment fu…
Tag: IFMR
IDG, Accion to invest more in CreditMantri
Chennai-based online credit management startup CreditMantri Finserve Pvt. Ltd is set to raise Rs 51 crore ($7.6 million) in Series B funding from new and existing investors. Citing filings with the Registrar of Companies (RoC), The company has approved the resolution for the fund-raise. Existing …
Digital lending firm Zen Lefin raises Rs 17 cr from IFMR
Bengaluru: Digital lending company for small business Zen Lefin, known by its trade name Capital Float, has raised Rs 17 crore from IFMR Capital Finance and its alternative investment fund by allotting nonconvertible debentures (NCDs), bringing the company’s total capital raised through the route…
IFMR Capital raises $25 mn from Eight Roads Ventures
IFMR Capital, which helps financial institutions serving poor people raise funds, has received $25 million in funding from Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd. This is Chennai-based IFMR Capital’s second round of institutional funding. The company ra…
Startups choose debt row over death by equity dilution
As private equity and venture capital investors are tightening and consolidating their investment portfolio in the startups space, an increasing number of startups are getting sensitised with the new emerging `funding climate’ and are too looking towards debt funding to avoid further equity…