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Debt marketplace CredAvenue raised $137 million
March 08, 2022
Debt marketplace CredAvenue has brought $137 million up in its Series B raise support drove by Insight Partners, B Capital Group, Dragoneer and existing investors.
Post the raise support, the fintech startup has turned into the most recent to enter the unicorn club at a valuation of $1.3 billion. It has turned into the quickest Indian fintech startup to join the billion-dollar club in somewhere around year and a half of being laid out, the firm said in a statement.
The startup, which counts Sequoia Capital India, Lightspeed Venture Partners, TVS Capital, Lightrock, Vivriti Capital and Indian fintech CRED among its sponsor, will involve the assets to grow its business in India alongside key worldwide business sectors and will likewise extend its technological capabilities.
The firm professes to clock a combined Gross Turnover Volume (GTV) of more than $12 billion. Right now, CredAvenue professes to have worked with debt funding of over ₹90,000 crore to north of 2,300 corporates with in excess of 750 partaking on its foundation. The organization as of late procured machine learning and AI powered debt recuperation platform Spocto Solutions.
Agri-tech startup, Otipy has secured $32 million in its Series B funding round led by Westbridge Capital.
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