Capital Float raises Rs 110 cr in fresh round

Date posted: Wednesday 6 May 2020

Capital Float has raised $15 million (Rs 110 crore) in fresh funding from existing investors Ribbit Capital, SAIF Partners, Sequoia Capital India and online retailer Amazon. The Bengaluru-headquartered NBFC, founded in 2013 by Stanford University’s Graduate School of Business alums Sashank Rishyasringa and Gaurav Hinduja, will utilise the proceeds from the latest round to bolster its capital base and expand lending to small and medium enterprises and consumers, it said in a statement.

(Economic Times)