ePayLater claims that post-Covid delinquency rates for repayments have fallen to a record low
The company had last raised a pre-Series A funding round led by ICICI Bank in January 2019
Lending tech startup ePayLater has raised INR 18 Cr from Pravega Ventures and from internal investors. The Mumbai-headquartered company will use the funds to make further inroads in the B2B and SME lending market, with a focus on the retail segment.
The startup, which offers buy now pay later (BNPL) products for consumers and lending products for businesses, claims to have disbursed close to 670 Cr in the last three years in the food and groceries retail segment alone. ePayLater also claimed that post-Covid delinquency rates for repayments have fallen to a record low, as many sectors take slow steps towards recovery.