Digital lending firm LoanTap raises Rs 74 crore to fuel its supply chain financing ambition

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Here’s a structured summary based on the provided information:

Funding Details

  • Startup: LoanTap
  • Founders: Satyam Kumar (CEO & Co-founder)
  • Funding Round: Pre-Series C
  • Total Amount Raised: ₹74 crore
    • Equity Raised: ₹54 crore
    • Led by: July Ventures
    • Participation from Existing Investors:
      • 3one4 Capital
      • Avaana Capital
      • Kae Capital
      • Swapurna Family Office
    • Venture Debt Raised: ₹20 crore
  • Date: Not specified in the provided text

Additional Context

  • Focus Area: Addressing the MSME credit gap in India, estimated at ₹33.2 lakh crore.
  • Proprietary Tool: BICRI (Business Indicator for Credit Ratings in India)
  • Target Market: Small retailers
  • Goals:
    • Reach over 2 lakh retailers
    • Fund a million invoices with an average ticket size of ₹8,000 to ₹15,000 within the next 12 months.

This summary encapsulates the core details of the funding event as outlined in the article.

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2025-06-05 08:43:32