Drip Capital

lendingother lendingsme financing

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 17/07/2020

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MEDICI Analysis

Drip Capital is an online platform that helps Indian exporters to provide financing for their international invoices.The company offers factoring services to support growing businesses, helping them cover their purchase/work orders. The platform also allows institutional investors to invest in trade receivables and to receive high returns.

Focus

PRODUCTS & SERVICES

Platform to finance for international invoices of SME's in India.

REVENUE MODEL

The company charges a fee per invoice.

MAIN CLIENTS

Small businesses

People

FOUNDERS

Pushkar Mukewar

Neil Kothari

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Accel

Initialized Capital

Liquid 2 Ventures

Sequoia Capital India

StartX

Y Combinator

Momentum

FUNDED

YES

TOTAL FUNDING

$45 M

DATE OF LAST FUNDING

Jul 2019

SEED & PRIOR FUNDING

$5 M

SEED CLOSED ON

Jan 2017

FUNDING SERIES

SERIES A  · $15 M  · Jun 2018

SERIES B  · $25 M  · Jul 2019

DEBT FUNDING

$55 M

LISTED

NO

Innovation Programs

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