India: Billionloans raises $1m seed funding from Reliance Capital

Bangalore-based Billionloans Financial Services Pvt Ltd, a technology-enabled financial services firm, has raised around Rs 7 crore ($1 million) in seed funding from Reliance Corporate Advisory Services Ltd, a wholly-owned subsidiary of Reliance Capital Ltd.

The deal was led and structured by Reliance Wealth Management, an arm of Reliance Capital, the company said in a BSE disclosure.

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