Drip Capital

Sequoia-backed Drip Capital raises $25 Mn from Accel and others

Drip Capital

Mumbai and Palo Alto-based fintech startup Drip Capital has scooped up fresh funding of $25 million in Series B round led by Accel Partners. GC1 Ventures, Trusted Insight along with existing backers Sequoia Capital, Y Combinator and Wing VC also participated in the round.

With the fresh funds, Neil Kothari-led company is now looking to expand into newer markets. The startup provides collateral-free working capital finance to small and medium enterprises with a particular focus on export-oriented ventures. (Source)

 

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