India: Debt platform CredAvenue raises $90m in Series A co-led by Sequoia

India: Debt platform CredAvenue raises $90m in Series A co-led by Sequoia

Photo: Pixabay

Debt platform CredAvenue on Wednesday said it has raised $90 million in equity capital in a funding round led by Sequoia Capital, and co-led by Lightspeed, TVS Capital Funds, Lightrock and others. The funding values the company at approximately $410 million.
Avendus Capital was the exclusive financial advisor to CredAvenue on the transaction.

CredAvenue’s debt platform offers lending institutions and enterprises solutions for discovery and execution across a wide range of products. To date, the startup has facilitated transactions worth around $9 billion through the platform, engaging with over 1,500 institutional borrowers and more than 750 investors and 1 million end-retail borrowers.

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