India: Snapdeal to disburse loans worth $154m to SMEs under initiative

India: Snapdeal to disburse loans worth $154m to SMEs under initiative

The Capital Assist initiative was launched by Snapdeal in August last year. Visual from Snapdeal website.

Jasper Infotech Pvt Ltd, which runs India’s second largest e-commerce website Snapdeal, said it will disburse loans worth $154 million (Rs.1,000 crore) by March to small and medium businesses listed on its platform under its seller financing platform Capital Assist.

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