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)
