[the_ad id="83613"]

Shub Loans secures $4.8 Mn in Series A round

Blue-collar focused digital lending platform, Shubh Loans, has raised $4.8 million from Omidyar Network as a part of its series A round of funding. Existing investors Saama Capital, Beenext, SRI Capital and Pravega Ventures also participated in it.

The fresh proceeds will be utilised to expand its customer sourcing platform, enhance technology, grow the data science team and credit scoring platform. With a loan book of Rs 160 crore, it operates in 28 locations and has set a target to reach 40 cities by 2019. (Source)

About Author

Send Suggestions or Tips