NBFC InPrime Bags $6 Mn From InfoEdge, Others

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SUMMARY

The investment was led by Pravega Ventures with participation from its existing investors Z47, InfoEdge Ventures, and Kettleborough VC

The NBFC is planning to deploy the funds into expanding into deeper geographies

InPrime offers loans between INR 50,000 and INR 3 Lakh to customers for a tenure of 6-36 months

Update | July 8, 10:40 

The headline of the story has been edited to change the funding amount to $6 Mn from $3 Mn earlier.

Original Story | July 7, 20:18

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NBFC InPrime Bags $6 Mn From InfoEdge, Others


SUMMARY

The investment was led by Pravega Ventures with participation from its existing investors Z47, InfoEdge Ventures, and Kettleborough VC

The NBFC is planning to deploy the funds into expanding into deeper geographies

InPrime offers loans between INR 50,000 and INR 3 Lakh to customers for a tenure of 6-36 months

Update | July 8, 10:40 

The headline of the story has been edited to change the funding amount to $6 Mn from $3 Mn earlier.

Original Story | July 7, 20:18

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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