• FOUNDING YEAR: 2010
    LOCATION:
    India
    REGION:
    Maharashtra
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Short term business loans & working capital loans against debit/credit card and pos terminal sales data.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Over 2000 Small & medium businesses all across India
EXISTING PARTNERSHIPS:
Flipkart, Snapdeal - To increase their client base
COMMENT
They offer flexible repayment tenure, with no obligation of a fixed EMI which reduces the financial burden of the SMEs

PEOPLE

Board Members and Advisors:
Dhruv Khaitan, Smita Aggarwal, Ganesh Rengaswamy, Piyush Khaitan
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Omidyar Network, Aspada Investment Company, Khosla Impact, Accion Frontier Inclusion Fund, Mauritius, Quona Capital
KEY EMPLOYEES:
B. Ravi Kumar(CFO); Sanjoy Shome(COO); Raju Shetty(CTO)

TRACTION

ACTIVE USERS COMMENT:
Approx. 2000 active merchants

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$54.1 Millions
DATE OF LAST FUNDING:
Jan 2018
FUNDING SERIES:
SERIES C
$7 Millions Closed: Aug 2015
SERIES E
$47.1 Millions Closed: Jan 2018
LISTED:
NO
COMMENT:
Venture fund: $36.6 M (July 2016)

LATEST RESEARCH