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Indian startups increasingly raising debt to fund operations

Indian startups increasingly raising debt to fund operations
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Startup news and updates: daily roundup (June 9, 2021)

Consumer and business loans company Capital Float said on Wednesday it has raised Rs 50 crore in debt funding from The Netherlands-based Triodos, for a period of three years. The Bengaluru-based startup said it expects to use the funds to scale its operations and meet the demand of its user base of over two million customers, which has doubled over the last eight months. B2B buyer engagement platform BuyerAssist.io on Wednesday announced that it had raised $2 million in seed financing led by Stellaris Venture Partners and Emergent Ventures. The round also saw participation from Better Capital and angel investors who are senior business executives/startup founders in the US and India.

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[Funding alert] Invoice factoring startup Reevoy raises seed round led by Stellaris Venture Partners

The startup said the funding will help the company to scale its technology and sales capabilities.

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Your (dis)order has arrived Want this newsletter delievered to your inbox? SUBSCRIBE We ll soon meet in your inbox. / Morning Dispatch Good morning, Differing Covid-19 restrictions in various parts of the country and a shortage of delivery agents are starting to delay e-commerce deliveries. A senior executive at an e-commerce firm said the authorities haven’t learnt much from last year’s lockdown. Also in today’s letter: The rise of rupee funds Razorpay’s valuation trebles Deliver us from Covid E-commerce firms are starting to feel the impact of restrictions imposed by various state governments and local authorities as India struggles to contain its second wave of Covid-19.

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Failure just means you are learning – 40 quotes of the week from Indian startup journeys

‘Failure just means you are learning’ – 40 quotes of the week from Indian startup journeys From setbacks to success, witness the memorable journey of Indian entrepreneurship in these quotes, excerpts, and stories! 0 claps (see the previous post ). Share these 40 gems and insights from the week of April 5-11 with your colleagues and networks, and check back to the original articles for more insights. See also our special compilation of quotes related to India’s coronavirus responses As the startup and investing ecosystem matures, it is natural to see large, well-known startups plan their IPOs to create liquidity for existing investors, and tap the public markets for their long-term financing needs. - Rahul Khanna, Trifecta Capital

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