Datasigns Technologies Pvt. Ltd, which runs online lending platform Shubh Loans, has raised $1.5 million (about Rs 10 crore) in a pre-Series A round from SRI Capital, Japan’s BeeNext and Pravega Ventures. Shubh Loans will use the funds for building its technology team and market expansion, the Be…
Tag: Lendingkart
German media group Bertelsmann plans to invest $200-250 m in Indian start-ups
Mumbai: German media group Bertelsmann, which targets to invest $50-60 million each year in India, is looking to deploy $200-250 million in the country’s startup ecosystem over the next four years. Three years after it made its first investment in India, Bertelsmann India Investm…
Payments solutions start-up Ezetap raises $16 m from Jonathan Soros, other investors
Bangalore based payments solutions company Ezetap has raised $16 million in funding from Jonathan Soros owned US-based venture capital fund JS Capital Management and other investors, taking total funding in the firm to $51 million. Chamath Palihapitiya founded Social Capital also invested in this…
Online lending start-up KNAB Finance raises funds from InCred, others
KNAB Finance Advisors Pvt. Ltd, a fin-tech firm that provides unsecured working capital loans to small and medium-sized enterprises (SMEs), has raised a little over Rs 2.5 crore in two funding rounds. Non-banking financial company (NBFC) InCred, and over a dozen individual investors including Min…
Lendingkart Finance raises $10 m debt fund, plans to widen its scope to SMEs nation-wide
Lendingkart Finance Limited, has announced that it has raised $10 million (INR 67 crores) debt fund from Kotak Mahindra Bank, Aditya Birla Financial Services and other financial institutions. As the company expands its reach to over 700 cities across the country, these funds will come in handy to…
Investors stay bullish on fintech bandwagon
Deal activity in the financial services technology (fintech) space continues to remain strong, with start-ups announcing a fund-raise every second week. Since 2012, investors have pumped about $2.35 billion (Rs 15,000 crore) into fintech firms in 325 deals, says data platform VCCEdge. The bulk we…
Fintech start-up Stashfin raises $5 m funding from snow leopard ventures, others
Delhi-based fintech start-up Stashfin has raised $5 Mn Pre-Series A funding from Snow Leopard Ventures and Singapore-based Alto Partners. Snow Leopard Ventures is the VC arm of the Kirloskar Group. Managing Partners at executive search firm Positive Moves, Vibhav Dhawan and Praveen Malhotra; Aven…
Lending start-up MoneyTap raises $9m from Sequoia, others
Consumer lending start-up MoneyTap has raised $9 million in a funding round led by Sequoia India. Existing investors NEA and Prime Venture Partners also participated in the round. Founded in 2015 by Bala Parthasarathy, Anuj Kacker and Kunal Varma, the platform provides credit to salaried employee…
Fintech start-up Lendingkart raises $7.8 m in debt funding from Yes bank
Lendingkart Finance, a digital lending platform for small and medium enterprises (SMEs) in India, has raised US $7.8 million (INR 50 crore) in debt funding from YES Bank, India’s 4th largest private sector bank. The funds will be utilised to further build the loan book as Lendingkart ex…
SBI sanctions credit facilities of $3.1 m to Aye Finance; NBFC to now reach out to more MSEs
Gurugram-based NBFC Aye Finance has been sanctioned credit facilities to the tune of $3.1 million (Rs 20 crore) from the country’s largest public sector bank State Bank of India (SBI), for the purposes of on-lending. The credit facility will enable Aye Finance to further its goal of financial inc…