The opposite was true for 2020 and 2021. The previous year had a negative impact on several industries, but this year it has benefited India’s startup ecosystem. Not only have many startups raised record funding from investors (both domestic and global), but dozens of startups have gained the coveted unicorn status.
The fintech sector is one of the fastest growing sectors. Indifi Technologies, a digital financial services company, has now raised 340 chlores by combining equity and debt as part of a Series D round.
The funding round consists of equity financing of 14 billion rupees from investors CX Partners and OP Finnfund Global Fund I and debt financing of 20 billion rupees from Vivriti, Northern Arc, SIDBI, US International Development Finance Corporation and others. I am. The company has raised Rs 35 billion in total equity finance so far.
Revenues serve more customers, identify additional segments of MSME, technology and products, according to the company, which has already been in talks with global funds to raise more capital and expand Series D rounds. Used for development.
Despite the government’s work towards digital India, credit, adequate financing, and access to financial institutions continue to be a problem. Most of the MSMEs operating in the world’s second largest Internet market (63 million total) lack access to funds, effectively managing and meeting working capital needs. Here, Indifi has introduced an online lending platform to provide business loans tailored to MSME across sectors such as travel, hotels, e-commerce, restaurants, trade and retail.
The startup works with more than 100 data partners and several major financial institutions to provide digitally accessible loans to help your business grow. “The recent collaboration with Facebook allows MSME players to grow their business with small ticket-sized loans,” said Alok Mittal, CEO and co-founder of Indifi.
Manu Sani, Managing Director, said: , CX partner.
Digital financial services company Indifi raises Rs 34 billion in equity and debt financing
Source link Digital financial services company Indifi raises Rs 34 billion in equity and debt financing