LivFin, an SME-focused supply chain fintech firm, has raised $5 million in a fresh round of equity funding from German development finance institution DEG to expand its operations as well as reach a total assets under management (AUM) target of $40 million by March 2020.
With the infusion of capital, the equity base of LivFin will be doubled, allowing it to raise additional debt and register a significant growth in the total AUM, the company said in a statement.
LivFin is promoted by the family office of Rakesh Malhotra, who has also promoted the SAR Group, which has business interests in energy storage (LivGuard), water purification (LivPure), and e-mobility sector in the country.
“DEG’s equity investment provides LivFin multiple positives: it’s a validation of our business model and recognition of our rapid growth, our tech-based credit and operations processes, and high governance standards,” said Rahul Chander, MD & CEO, LivFin.
INDIA DEAL MONITOR
Here are some of the venture capital transactions in India between December 20-December 23
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Lenskart||Faridabad||231 million||Series G||SoftBank||-||E-commerce/Retail|
|Quantiphi||US, India||20 million||Series A||Multiples Alternate Asset Management||-||Technology|
|Finly||Bengaluru||-||-||Gemba Capital, Social Capital, AngelList India||Das42 Capital, 91Springboard, Omphalos Ventures||Technology|
|Cub McPaws||Mumbai||-||Pre-Seed||Venture Catalysts||Pepperfry Ambareesh Murty, Anuj Golecha, Robin Joffe||Retail Tech|
|Kaleidofin||Chennai||5 million||Series A||Oikocredit||Flourish, Omidyar Network India, Blume Ventures, Bharat Inclusion Seed Fund||Financial Services|