Tech Company Financing Transactions
Capital Float Funding Round
Capital Float, operating out of Bengaluru, received $25 million in funding from Creation Investments, SAIF Partners and Sequoia Capital.
Transaction Overview
Company Name
Announced On
5/13/2016
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
Proceeds Purpose
Its Series B will also allow Capital Float to continue updating financial products like its credit-scoring algorithms, and find new partners, including banks, for its lending marketplace, which means that the company does not need to provide the funds for every loan made through its platform.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Gokaldas Platinum New no. 3 (Old no. 211) Upper Palace Orcha
Bengaluru, 560080
India
Bengaluru, 560080
India
Phone
Website
Email Address
Overview
At Capital Float, we believe SMEs have 3 basic demands: simple access to credit, collateral-free terms and a trustworthy partner. Our mission is to bridge the current gap in the market with innovative and flexible credit products for SMEs, delivered in an efficient and customer-friendly manner.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Financial Officer
Rajesh Viswanathan
Co-Founder
Gaurav Hinduja
Co-Founder
Sashank Rishyasringa
Vice President
Tushar Garimalla
Vice President
Ajay Panjnani
Vice President
Ankit Satsangi
VP - Operations
Prasad GR
VP - Sales
RN Murthy
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About Our Venture Capital Transactions Database
We report on funding rounds that are announced publicly. VC investment data records reported here come from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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