• FOUNDING YEAR: 2014
    LOCATION:
    India
    REGION:
    Haryana
    Last Update:
    13 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Provide various types of business loans such as mortgage loans, seasonal loans, term loans and receivables financing for micro enterprises, institutions and small businesses. Help the companies financially which are locked out of the financial system.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Micro and small businesses
COMMENT
The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s creditworthiness and provides other related services.

PEOPLE

FOUNDERS:
Vikram Jetley, Sanjay Sharma
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
BlueOrchard Finance S A, Triple Jump, MicroVest, CapitalG, SAIF Partners, LGT, State Bank of India, BlueOrchard Finance, Hinduja Leyland Finance, IntelleGrow, IFMR Trust, Symbiotics Group, Triodos Bank, Mahindra Finance, Accion, LGT Impact Ventures, Meera Deshmukh, Ashok Nadkarni, Umesh Gupta, Deepa Pandit, Sumant Mishra, Sanjay Sharma, Vikram Jetley

TRACTION

ACTIVE USERS COMMENT:
The company claims that it provides its services across 72 branches in North, Central, and Southern Indian States and employing over 1000 employees(Jan 2018).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$37 Millions
DATE OF LAST FUNDING:
Nov 2018
TOTAL FUNDING COMMENT:
The company is planning to use the funds to expand to newer geographies. (Nov. 2018)
SEED & PRIOR FUNDING:
$1 Million
SEED CLOSED ON:
Feb 2015
FUNDING SERIES:
SERIES A
$3 Millions Closed: Dec 2015
SERIES B
$10.2 Millions Closed: Nov 2016
SERIES C
$21.7 Millions Closed: Jun 2018
DEBT FUNDING:
$73.37 Millions
LISTED:
NO
COMMENT:
As per the source, the company has raised $37 M but by adding up all the funding round amount it gives $35.9 M to date. (Nov. 2018)

LATEST RESEARCH