LoanTap Bags INR 74 Cr To Bolster Supply Chain Financing

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SUMMARY

LoanTap has secured INR 74 Cr in a mix of equity and debt round of funding

The company raised INR 54 Cr in equity, while the remaining INR 20 Cr was raised via venture debt

The capital raised will facilitate the expansion of its supply chain financing offerings for small retailers

Pune-based fintech startup LoanTap has raised Pre-Series C funding of INR 74 Cr (around $8.6 Mn) in a mix of equity and debt infusion.

The company raised INR 54 Cr (around $6.3 Mn) in equity, led by July Ventures with additional…



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LoanTap Bags INR 74 Cr To Bolster Supply Chain Financing


SUMMARY

LoanTap has secured INR 74 Cr in a mix of equity and debt round of funding

The company raised INR 54 Cr in equity, while the remaining INR 20 Cr was raised via venture debt

The capital raised will facilitate the expansion of its supply chain financing offerings for small retailers

Pune-based fintech startup LoanTap has raised Pre-Series C funding of INR 74 Cr (around $8.6 Mn) in a mix of equity and debt infusion.

The company raised INR 54 Cr (around $6.3 Mn) in equity, led by July Ventures with additional…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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