本周，印度金融科技创企Drip Capital宣布再次获得1500万美元融资。本次融资由新晋投资方Sequoia Capital、现有投资方Accel Partners和Wing VC共同参与。
自2016年12月其印度子公司正式成立以来，这家公司已经累计筹集2000多万美元的股权融资，并于去年1月筹集了500万美元的种子轮融资（投资方包括Accel Partners、Wing VC和Y Combinator）。
Financial technology startup Drip Capital has raised $15 million (about Rs 100 crore) in a new round of funding, bringing on board marque venture capital firm Sequoia Capital as a new investor, with existing backers Accel Partners and Wing VC also participating.
The Palo Alto and Mumbai-based company, which has now raised a little over $20 million in equity financing since inception, also disclosed that it had raised $5 million in its seed round in January last year, which saw the entry of Accel Partners, Wing VC and Y Combinator on to its investor cap table.
“We launched in India about 18 months ago. Our target market has been India, but the product we have built was to solve the working capital gap for SMEs and exporters across emerging markets,” Pushkar Mukewar, cofounder of Drip Capital, told ET.
“The main focus will be to continue building out our sales presence and expand in India, and also launch the model in other emerging market geographies.”
Additionally, Drip Capital, which is currently looking at entering Latin America and Southeast Asia, has also raised an undisclosed sum as debt financing from Silicon Valley Bank (SVB) and other entities.
“We have raised debt capital from SVB and other investors in the US, and that capital will essentially be used to help build our lending book,” Neil Kothari, cofounder of Drip Capital, told ET.
The company launched its wholly-owned Indian subsidiary, Drip Capital Services India, in December 2016.
The four-year-old startup, offers a credit line to SME exporters, across sectors and including agro-commodities, industrial goods and textiles, among others, allowing them to draw against the same every time they have a shipment going out.