MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Indifi raises $ 21 Million in Series C Funding

Indifi raises $ 21 Million in Series C Funding

Indifi, an India-based Fintech startup, has raised $21 million in Series C funding. The funding round was led by CDC Group, a UK government-owned VC fund.

Other than CDC Group, the funding round saw involvement from other existing investors such as Flourish Ventures, Accel, Elevar Equity, and Omidyar Networks, Indifi confirmed on Tuesday.

Alok Mittal, co-founder and MD of Indifi spoke exclusively to Tech Crunch and shared little information. Mr Mittal said that the new funding will be utilized to get new clients and lending partners to expand the company’s marketplace business. Indifi will also tap into more sectors such as logistics as a part of lending to businesses venture.

Mr Mittal also said that Indifi has been dependent on debt to grow and finance loan on its platform. Till date, the company has raised $34 million in fundings.

Apart from financing, the company also serves as a marketplace for banks and non-banking financial companies to take part in funding loans to small and medium-sized enterprises added Mr Mittal. The cline base of the company has grown 2.5 times in 2018.

Indifi is located in Gurgaon. The company provides loans to small and medium-sized businesses and also runs an online loan platform.

The company’s rivals include a handful of businesses such as Five Star Finance, Capital Float, Zest Money, Drip Capital, and in some capacity.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED