CredAvenue raises USD 90 million in Series A equity funding round
CredAvenue on Wednesday announced the closing of its first funding round of $90 million led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds, Lightrock and others.
By : migrator
Update: 2021-09-30 03:08 GMT
Mumbai
Avendus Capital was the exclusive financial advisor to CredAvenue on the transaction. CredAvenue is building infrastructure to power debt markets and offers solutions for discovery and execution across a wide range of products.
To date, it has facilitated transactions worth $9 billion through the platform, while engaging with 1,500+ institutional borrowers and 750+ investors, touching 1 million+ end retail borrowers. The funds raised will be utilised towards expanding product capabilities.
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