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LoanTap raises Rs 74 Cr to expand MSME supply chain financing

YourStory

YourStory · 9m ago

LoanTap raises Rs 74 Cr to expand MSME supply chain financing

LoanTap, a digital lending platform, has raised Rs 74 crore in a pre-Series C round to enhance its supply chain financing for small retailers. The funding includes Rs 54 crore in equity led by July Ventures and Rs 20 crore in venture debt. LoanTap's supply chain financing division, LT Credit, has financed over 4.5 lakh invoices worth Rs 1,000 crore for more than 50,000 retailers in two years, aiming to fund one million invoices next year.

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Digital lending startup LoanTap raises pre-Series C round

VCCircle

VCCircle · 9m ago

Digital lending startup LoanTap raises pre-Series C round

Digital lending startup LoanTap, supported by venture capital firms like 3one4 Capital, has secured Rs 54 crore ($6.2 million) in a pre-Series C equity funding round. The Pune-based company aims to expand its supply chain financing for small retailers. CEO Satyam Kumar emphasizes leveraging the momentum in India's MSME sector to enhance invoice financing and empower MSMEs. Founded in 2016, LoanTap offers personal and MSME loans, reporting improved financial performance in recent years.

LoanTap Secures INR 74 Crore to Boost MSME Credit Access

StartupTalky

StartupTalky · 9m ago

LoanTap Secures INR 74 Crore to Boost MSME Credit Access

LoanTap has raised INR 74 crore in a pre-Series C funding round to enhance its supply chain financing for MSMEs, especially small retailers in vital sectors. Led by July Ventures and featuring existing investors, the equity raised stands at INR 54 crore, with an additional INR 20 crore through venture debt. LoanTap's BICRI tool aids retailers' credit assessment, promoting inclusive growth. It plans to expand its reach to over 2 lakh retailers and fund a million invoices in the coming year.

TReDS platform RXIL crosses Rs 2 lakh cr MSME invoice financing milestone

Economic Times

Economic Times · 8m ago

TReDS platform RXIL crosses Rs 2 lakh cr MSME invoice financing milestone

Receivables Exchange of India Ltd (RXIL), a platform under TReDS, has achieved over Rs 2 lakh crore in MSME invoice financing. A joint venture led by SIDBI and NSE, RXIL facilitated Rs 80,500 crore worth of financing in FY25, registering over 44,000 MSMEs. Supported by government and regulatory bodies, RXIL has enhanced financial inclusion and supply chain finance efficiency, allowing MSMEs access to working capital through discounting over 88.5 lakh invoices.

Arteria secures Rs 100 Cr in Series B from ICICI Venture to expand supply chain SaaS platform

YourStory

YourStory · 8m ago

Arteria secures Rs 100 Cr in Series B from ICICI Venture to expand supply chain SaaS platform

Arteria Technologies, a Bengaluru-based SaaS company, raised Rs 100 crore in Series B funding from ICICI Venture. The investment will expand operations, strengthen the team, and boost AI-driven product development in the supply chain sector. Founded in 2010, Arteria offers digital solutions and embedded financing to improve capital flow for suppliers and distributors. The funding highlights Arteria's data-driven approach to digitizing supply chains and providing seamless financing solutions for enterprise clients.

B2B Embedded Supply Chain Fintech QuiD Secures Rs 5 Crores In Pre-Seed Funding

OutlookIndia

OutlookIndia · 2y ago

B2B Embedded Supply Chain Fintech QuiD Secures Rs 5 Crores In Pre-Seed Funding

Bengaluru-based supply chain fintech start-up QuiD has raised Rs 5 crores in pre-seed funding from investors including Mint Cap Enterprises and Stone Park Capital. QuiD provides technology-driven financial solutions, offering anchor-led financing to retailers to unlock working capital. The company plans to use the funding to enhance its technology capabilities and expand its client base. QuiD aims to leverage technology, data science, and blockchain to improve access to credit for retailers and anchor communities. The supply chain financing market in India is estimated to be worth Rs 20 lakh crores by 2023.

udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita

Economic Times

Economic Times · 1y ago

udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita

EB2B platform udaan has secured new debt financing of around Rs 300 crore from investors such as Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. This funding comes after udaan's $340 million Series E financing round. The company plans to use these funds to expand its geographical footprint, enhance operational capabilities, streamline supply chain processes, open new Micro-fulfilment Centres, and improve service delivery. Profitability is a key priority for udaan, and it aims to reinforce its leadership in the eB2B market.

Captain Fresh raises Rs 290 Cr from Blue Earth Capital

Entrackr

Entrackr · 6d ago

Captain Fresh raises Rs 290 Cr from Blue Earth Capital

Captain Fresh raises Rs 290 Cr from Blue Earth Capital Seafood supply chain startup Captain Fresh has secured Rs 290 crore in sustainability-linked financing from global impact investor Blue Earth Capital. The funding will be used to expand Captain Fresh’s global distribution capabilities and strengthen sustainability initiatives across seafood value chains. Founded in 2020 by Utham Gowda, Captain Fresh operates a technology-driven platform that integrates seafood sourcing, processing and distribution. The company’s digital operating system focuses on improving traceability and efficiency across the fragmented seafood supply chain. Captain Fresh sells packaged seafood through a portfolio of brands including CenSea, Frime, Koral, Senecrus, ChopServe, Ocean Edge and Ocean Garden. Its customer base includes distributors and retailers across markets such as the US, Europe, the UAE and India. During FY25, the company claims to have served around 1,300 customers across more than 30 countries and traded in over 90 seafood species including shrimp, salmon, tuna and lobster. Its sourcing network spans more than 650 suppliers across 35 countries. Bengaluru-based Captain Fresh has expanded globally through acquisitions. Last week, it completed the acquisition of Spain-based tuna processor Frime. In 2024, it acquired Poland-based salmon company Koral. Earlier, it acquired US-based seafood importer CenSea and France-based seafood distributor Senecrus. According to its FY25 financials, Captain Fresh reported a 2.5X jump in gross merchandise value to Rs 3,421 crore in FY25 from Rs 1,395 crore in FY24. The company also posted a net profit of Rs 42 crore compared to a loss of Rs 229 crore in the previous year.

Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round

Entrackr

Entrackr · 1y ago

Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round

Supply chain fintech startup QuiD Cash has raised $4.5 million (around Rs 38.23 crore) in its pre-Series A round from a host of angel investors, including Piyush Jain and existing backer MINTCAP. Earlier in 2024, QuiD had raised Rs 5 crore in its pre-seed funding led by Mint Cap Enterprises and Stone Park Capital. The proceeds will be used for technology enhancement and business growth. The firm has also launched QuiD Capital, an NBFC designed to facilitate anchor-led invoice financing. Founded by Subhash Gupta and Vikram AG, QuiD Cash provides tech-based financial solutions through its B2B supply chain platform. It serves around 8,000 users and partners with over 20 major companies in the FMCG, automotive, pharmaceuticals, and agriculture industries. These companies handle transactions worth Rs 50 crore to RS 250 crore every month. The firm operates with a team of 40 employees and plans to expand to 50 people next year. It aims to onboard 5 lakh retailers in the next two years.

U GRO Capital Raises $30 Million From ADB

OutlookIndia

OutlookIndia · 2y ago

U GRO Capital Raises $30 Million From ADB

U GRO Capital, a datatech NBFC specializing in MSME lending, has raised Rs 2,500 million through Non-Convertible Debentures (NCDs) from the Asian Development Bank (ADB). This comes in addition to the Rs 2,500 million financing from FMO, the Dutch entrepreneurial development bank, received in December 2023. With an asset under management of Rs 83,638 million, U GRO Capital has provided credit to around 90,000 small businesses. The company aims to bridge the credit gap in the MSME sector through technology and credit expertise.

Supply-chain finance programs seeing cuts as companies face high interest rates

Livemint

Livemint · 1y ago

Supply-chain finance programs seeing cuts as companies face high interest rates

Big companies like AT&T, Keurig Dr Pepper, and Krispy Kreme are reducing their use of supply-chain or vendor financing due to rising interest rates. Supply-chain financing allows buyers to delay payment to vendors and is not counted as debt on balance sheets. However, increasing interest rates have made this financing option costly for some companies. AT&T is paying down its high-cost program, while Keurig Dr Pepper is renegotiating terms with vendors. Despite concerns about liquidity risks and potential misuse, supply-chain financing remains beneficial for many companies looking to boost cash without borrowing or issuing debt.

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