• FOUNDING YEAR: 1996
    LOCATION:
    India
    REGION:
    RJ
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Commercial Vehicle loans, Car loans, SME Loans, Loan against property and Insurance. The majority of the loans are directed towards priority sector and addresses the financial needs of unbanked population and gives them access to organized finance.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Transport operators and Small, Medium Enterprises in rural and semi urban areas.
EXISTING PARTNERSHIPS:
Signed preferred financier MOU with Hyundai Motors, Maruti Suzuki, Piaggio Vehicles Private Limited (PVPL). HDFC - Provide loans in the region where HDFC cannot reach.
COMMENT
Has a lower cost operating model which is technology driven and has a strong risk architecture.

PEOPLE

FOUNDERS:
Sanjay Agarwal
NUMBER OF EMPLOYEES:
1000+

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$21 Millions
SEED CLOSED ON:
Dec 2014
FUNDING SERIES:
SERIES D
$21 Millions Closed: Mar 2014
LISTED:
NO

LATEST RESEARCH