India Dealbook: IndiaLends gets $1m from DGS Partners, others; iStreet shareholders reject plan to shift e-commerce biz to arm

India Dealbook: IndiaLends gets $1m from DGS Partners, others; iStreet shareholders reject plan to shift e-commerce biz to arm

Visual from IndiaLends website

Financial technology startup IndiaLends has raised $1 million in bridge round from its existing investors including DSG Consumer Partners and other angel investors. In a separate development, iStreet Network’s shareholders have dissented to the postal ballot resolution for the transfer of internet retailing business ‘iStreet Bazaar’ to its wholly-owned subsidiary iStreet Bazaar Pvt Ltd.

IndiaLends secures $1m funding from DSG Consumer Partners, others

Delhi-based credit underwriting and analytics platform IndiaLends has secured $1 million (about Rs 6.5 crore) in bridge round from existing investors DSG Consumer Partners, Siddharth Parekh, Gautham Radhakrishnan and other angel investors.

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