India: Capital Float raises $2.5m from IFMR, AdStringO to get $5m

Photo: Reuters

Online credit platform Capital Float has raised $2.5 million (Rs 17 crore) from IFMR Capital Finance while Mumbai-based company AdStringO is in talks to receive $5 million in Series A round.

Capital Float raises $2.5m from IFMR

Online credit platform Capital Float, which is run by Zen Lefin Pvt. Ltd, has raised $2.5 million (Rs 17 crore) from IFMR Capital Finance and its alternative investment fund through non-convertible debentures (NCDs).

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