New Delhi-based digital lending platform ZipLoan has raised $2.6 million funding as part of its Series B round.
The investors that participated in the latest wound were as follows:-
- WaterBridge Ventures’ Vistra ITCL (India),
- Elevation Capital,
- Whiteboard Capital &
- Matrix Partners India
ZipLoan was founded in 2015 by Kshitij Puri and Shalabh Singhal. It provides collateral-free short term loans to MSMEs.
It was set up with a mission to ensure easy availability of unsecured Working Capital to small business owners in India. Their technology enabled platform allows them to offer credit in a fast and hassle free manner.
They are solving the fundamental problem of these small business owners i.e. getting easy access to finance when they need it the most.