August 22, 2017 / 6:33 AM / 3 months ago

BRIEF-Capital Float secures $45 mln of equity funding in series C round led by Ribbit Capital

Aug 22 (Reuters) - Capital Float:

* Capital Float secures $45 million of equity funding in series C round led by Ribbit Capital Source text: [Capital Float, India’s largest digital lending platform, announced today that it has raised $45 Million (Rs. 293 crores) in Series C equity funding. The round was led by Silicon Valley-based Ribbit Capital, with participation from existing investors - SAIF Partners, Sequoia India and Creation Investments. In parallel, the company has also raised more than $67 Million (Rs. 437 crores) in new debt lines from leading banks (including RBL Bank, IDFC Bank, Kotak Mahindra Bank) and NBFCs (including IFMR, Reliance Capital), bringing the total amount of fresh capital raised in the last 12 months to over $112 Million (Rs. 730 crores).]

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