• FOUNDING YEAR: 2015
    LOCATION:
    India
    REGION:
    Haryana
    Last Update:
    9 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Online platform for SME financing. Borrowers- Helps SME's and small businesses who do not have access to low-cost debt to meet their financial needs. Lenders - Reduces the high cost of customer acquisition and provides reliable data.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Small Businesses
EXISTING PARTNERSHIPS:
Data providers, online marketplaces, software companies to leverage business data for SMB lending. Some of the financial institutional firms such as Edelweiss, India Infoline, Capital First
COMMENT
Product design, underwriting and data stream supports are all driven by careful analysis and segment specific applications.

PEOPLE

FOUNDERS:
Alok Mittal, Siddharth Mahanot, Sundeep Sahi
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Abhishek Goyal, Accel Partners, Arun Tadanki, Elevar Equity, Gagan Hasteer, Gaurav Dalmia, Omidyar Network, Pramod Bhasin, Rajan Anandan

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$10 Million
DATE OF LAST FUNDING:
Dec 2016
SEED CLOSED ON:
Oct 2015
SEED PRIOR FUNDING COMMENT:
An undisclosed amount raised in Oct 2015.
FUNDING SERIES:
SERIES B
$10 Million Closed: Dec 2016
LISTED:
NO

LATEST RESEARCH