Online lending platform Cash Suvidha secures debt funding to accelerate growth
Delhi-based Cash Suvidha has secured about Rs. 16 crore ($2.5 million) in debt funding to accelerate company's growth.
Delhi-based Cash Suvidha has secured about Rs. 16 crore ($2.5 million) in debt funding to accelerate company's growth.
The funding will be used to expand its services to other cities, strengthen its risk model and algorithm, among others.
With this partnership, fin-tech startup MobiKwik is projecting a rise in its revenue by 20 percent to 30 percent.