Synopsis
Indifi has forayed into the pharma segment and will be extending its credit line solution to retailers - especially pharma distributors and local chemists - for managing their working capital needs and cash flows.
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These funds will be used for onward lending to MSMEs to accelerate post-Covid economic recovery.
Indifi Technologies announced Rs 35 crore debt financing from IndusInd Bank Ltd, with a guaranty from US International Development Finance Corporation (DFC). These funds are deployed through Rs 35 crore of term loan from IndusInd Bank’s impact investing group to Riviera Investors Private Limited which is Indifi’s in-house NBFC arm. These funds will be used for onward lending to small businesses (MSMEs) to accelerate post-Covid economic recovery.
[Funding alert] Lending platform Indifi raises $5M in debt financing yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.