Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-08-08

SAIF Partners invests $1 million in Capital Float

VC and PE firm SAIF Partners, said that it has invested $ 1 million in the digital SME finance company Capital Float. Founded in 2013 by MBAs Gaurav Hinduja and Sashank Rishyasringa, Bangalore-based Capital Float provides working capital loans to under-served small businesses in India via a technology-led loan origination and credit underwriting platform.

VC and PE firm SAIF Partners, said that it has invested $ 1 million in the digital SME finance company Capital Float. Founded in 2013 by MBAs Gaurav Hinduja and Sashank Rishyasringa, Bangalore-based Capital Float provides working capital loans to under-served small businesses in India via a technology-led loan origination and credit underwriting platform.

 

Commenting on the investment, Ravi Adusumalli, Managing Partner, SAIF Partners, said, “We really like the team at Capital Float and their approach to the business. We look forward to a mutually-fulfilling partnership with Capital Float, as they accelerate their journey to be a leading firm in this segment.”

 

The company currently works with SMEs in cities like Bangalore, Mumbai, and Delhi with a focus on e-commerce merchants, small manufacturers, and early-stage B2B service providers.

 

“Our goal is to make the process of getting a business loan as simple as shopping online. We are excited to partner with SAIF, and believe that their experience building world-class digital businesses in India will be invaluable in this journey,” said Sashank Rishyasringa.

 

Capital Float had earlier secured an initial round of angel funding in early 2014. In June 2014, it announced a seed investment of $ 2 million from Aspada Investment Company.

 

Related opportunities
  • Casual dine Restaurants
    About: Mamu’s Infusion is a highly-popular and renowned fine dine restaurant..
    Locations looking for expansion Rajasthan
    Establishment year 1990
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • About Us:  TBSE" aspires to expand its presence in the PBCL..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Casual dine Restaurants
    About Us: Handi is a 35 year old restaurant and is..
    Locations looking for expansion Rajasthan
    Establishment year 1993
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Laziz opens 100+ Stores across India in 2017 LAZIZ  PIZZA ™..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolhapur Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts