[Funding alert] Avail Finance raises Rs 24Cr in debt financing led by Alteria Capital
Bengaluru-based neobanking startup Avail Finance — which brings the blue-collared workforce under the financial umbrella — on Monday said it has raised Rs 24 crore in debt financing led by Alteria Capital. To date, the startup has raised $21.6 million in equity from Matrix Partners, Falcon Edge, and Ola. “We are very happy to partner with Avail in their journey of taking financial services to the underserved and credit-starved blue-collared workforce in India. Their proprietary model is custom-made to suit the financial needs of consumers in their segment,” said Punit Shah, Partner, Alteria Capital. Founded in 2017 by Ankush Aggarwal and Tushar Mehndiratta, fintech startup Avail Finance is focused on the gig economy segment.