Reliance Corporate Advisory Services, an arm of Reliance Capital, on July 3, said that it has made an investment of about Rs 7 crore ($1 million) in alternative digital lending start-up Billionloans Financial Services Pvt Ltd. This is the second major start-up investment, after Paytm, by Reliance…
Tag: Reliance Capital
Snapdeal offers Rs 1,000 crore collateral-free loans to its sellers
Online marketplace Snapdeal is offering collateral-free loans worth Rs 1,000 crore for its sellers, ahead of the festive season to enable them to stock up adequately. The loans would be disbursed through its ongoing programme — Capital Assist — which is now managed by FreeCharge and i…
Alipay and Paytm go to local stores to hard sell e-wallets
Chinese payments company Alipay and Indian partner Paytm said they aim to increase adoption of digital wallets by small store owners in India and China this year. As a part of the initiative, Alipay said it is offering Paytm its technological capabilities and risk management systems to help it gr…
CII arm helps SMEs secure loans of Rs. 650 crore
The SME Finance Facilitation Centre of CII has facilitated the members of Small and Medium Enterprises to receive loan from various banks to the tune of Rs. 650 crore, according to Amit Kumar Tripathi, Deputy Director, and Confederation of Indian Industry. Speaking at a session on “empowering SME…
Snapdeal assists capital needs of 1,200 SMBs with Rs 300 crore
Snapdeal’s Capital Assist programme has reached out to 1,200 small and medium-sized enterprises across 300 cities in the country and disbursed loans of around Rs 300 crore till date. The e-tailer has tied up with 25 financial institutions under its Capital Assist programme, which includes HDFC Ba…
Reliance Capital to increase exposure to SMEs | K V Srinivasan
Reliance Home Finance, the mortgage subsidiary of Reliance Capital, plans to increase its Assets Under Management (AUM) from Rs 6,500 crore to Rs 50,000 crore in five years, most of which will come from disbursing loans to self-employed customers. The company also plans to issue masala bonds, or …