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Sequoia-backed fintech ProgCap adding another lending layer; hits breakeven

Finance

22 February, 2023

Sequoia-backed fintech ProgCap adding another lending layer; hits breakeven

Digital lending platform ProgCap, which counts among its backers Sequoia Capital, Tiger Global and Google and has been operating a ......

LenDenClub to invest in six fintech startups under incubator program

TMT

31 January, 2023

LenDenClub to invest in six fintech startups under incubator program

Peer-to-peer (P2P) lending platform, LenDenClub’s corporate venture capital arm has onboarded six fintech firms on its startup incubator, Bharat FinTech ......

Digital disbursements up 3x in Q2: Report

Finance

29 November, 2022

Digital disbursements up 3x in Q2: Report

Disbursements by digital lending platforms more than tripled during Q2FY23 to Rs 14,016 crore, compared to Q2FY22, according to a ......

Lentra raises $60 million in Series B round

Finance

14 November, 2022

Lentra raises $60 million in Series B round

HDFC Bank-backed lending software provider Lentra has raised $60 million in its Series B funding round, led by existing investors ......

NeoGrowth raises $20 mn from DFC via ECBs

Finance

01 November, 2022

NeoGrowth raises $20 mn from DFC via ECBs

NeoGrowth Credit Pvt. Ltd, a small and medium enterprises-focused fintech lender, has secured $20 million (around Rs 160 crore) from ......

Light Microfinance raises Series B funding from BII, others

Finance

23 September, 2022

Light Microfinance raises Series B funding from BII, others

Light Microfinance has raised Rs 196 crore ($24.1 million) in a Series B funding round, the company said in a ......

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Startups pivot towards revenue financing as the winter enters next lap

Finance

22 September, 2022

Startups pivot towards revenue financing as the winter enters next lap

Revenue-based financing (RBF) platforms, which offer startups upfront capital based on future revenues, are seeing stellar growth as the startup ......

Shubham Housing Development Finance raises $112 mn from BII, others

Infrastructure

29 June, 2022

Shubham Housing Development Finance raises $112 mn from BII, others

Mortgage lender Shubham Housing Development Finance Company, on Wednesday announced raising $112 million (around Rs 863 crore) in a round ......

HDFC Bank-backed Lentra AI to acquire TheDataTeam

Finance

28 June, 2022

HDFC Bank-backed Lentra AI to acquire TheDataTeam

Digital lending platform Lentra AI, on Tuesday announced it has acquired artificial intelligence solutions company, TheDataTeam for an undisclosed amount. Post-acquisition ......

Kedaara Capital-backed Spandana Sphoorty makes peace with founder Padamaja Reddy

Finance

23 June, 2022

Kedaara Capital-backed Spandana Sphoorty makes peace with founder Padamaja Reddy

Spandana Sphoorty has resolved all differences with founder and managing director Padmaja Reddy by an in-principal agreement, 8 months after ......