Fibe Raises INR 225 Cr In Debt Funding

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SUMMARY

Fibe has rasied fresh funds in debt from a host of financial institutions, including Franklin Templeton Alternative Investments Fund, India

The startup has issued 22,500 non-convertible debentures at a face value of INR 1 Lakh each

The fresh proceeds will be deployed by the startup to strengthen its lending operations

Digital lending platform Fibe has raised INR 225 Cr (about $25 Mn) in debt from a host of financial institutions, including Franklin Templeton Alternative Investments Fund, India. 

Fibe said in a…



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Fibe Raises INR 225 Cr In Debt Funding


SUMMARY

Fibe has rasied fresh funds in debt from a host of financial institutions, including Franklin Templeton Alternative Investments Fund, India

The startup has issued 22,500 non-convertible debentures at a face value of INR 1 Lakh each

The fresh proceeds will be deployed by the startup to strengthen its lending operations

Digital lending platform Fibe has raised INR 225 Cr (about $25 Mn) in debt from a host of financial institutions, including Franklin Templeton Alternative Investments Fund, India. 

Fibe said in a…



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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