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Fintech lender KreditBee raises Rs 60 crore from SIDBI's India SME

Synopsis
The funding is part of a Series C round, in which Kreditbee earlier this year raised about $145 million from the likes of Premji Invest, Mirae Asset Ventures, TPG-backed NewQuest Capital Partners and Motilal Oswal Private Equity.
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KreditBee specialises in offering personal loans through its digital platform to blue-collar workers and the self-employed.
Mumbai:KreditBee has raised Rs 60 crore (about $8 million) in equity and debt from SIDBI’s investment arm India SME Investments, the
The funding is part of its Series C round, in which the startup earlier this year raised about $145 million from the likes of Premji Invest, Mirae Asset Ventures, TPG-backed NewQuest Capital Partners and Motilal Oswal Private Equity. India SME invested Rs 28.4 crore in September 2019 as debt in Krazybee Services, the holding company of KreditBee. ....

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Fintech lending startup KreditBee raises Rs 60 cr from India SME

Fintech lending startup KreditBee raises Rs 60 cr from India SME
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IANS
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New Delhi, June 3 : FinTech lending startup KreditBee on Thursday said it has raised Rs 60 crore (nearly $8 million) in equity and debt from India SME Investments, an investment arm of the Small Industries Development Bank of India (SIDBI).
The Bengaluru-headquartered KreditBee in February concluded its Series C equity round worth $75 million (about Rs 545 crore) from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment.
KreditBee is focused on providing financial inclusion in India via digital lending solutions in the form of personal loans. ....

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#FundingAlert: Fintech lending startup KreditBee raises Rs 60 cr from India SME

#FundingAlert: Fintech lending startup KreditBee raises Rs 60 cr from India SME
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Jai Kisan, an Indian startup that is attempting to bring financial services to rural India, where commercial banks have a single-digit penetration, said on Monday it has raised $30 million in a new financing round as it looks to scale its business. Hundreds of millions of people in India today live in rural areas. Most […] ....

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