B2B Online Lender Indifi Raises INR 340 Cr In Equity & Debt Funding
The current round, which may see the participation of other global funds, brings Indifi’s total equity raised to date at INR 350 Cr. The round comes at the heels of Inc42’s exclusive report on Indifi raiding INR 53 Cr in the Series D1 equity round. In the current round, Indifi has also secured INR 165 Cr in debt financing from Vivriti, Northern Arc, SIDBI, among others, while US International Development Finance Corporation has guaranteed INR 35 Cr to Indifi. In FY21, Indifi reported a revenue of INR 11.3 Cr, down from INR 23 Cr in FY20. In the same period, its EBITDA loss amounted to INR 36 Cr, up from INR 32 Cr in FY20.