Sequoia-backed Capital Float eyes $150m funding from existing, new investors

Capital Float founders Sashank Rishyasringa and Gaurav D. Hinduja. Photo: Hemant Mishra/Mint

XDigital lending firm Capital Float, which counts Amazon and Sequoia Capital among its existing backers, is in talks to raise $100-150 million in fresh funding from new and existing investors, three people aware of the discussions said. CapFloat Financial Services Pvt. Ltd, which owns Capital Float, has held talks with South Africa’s Naspers, the people mentioned above said on condition of anonymity. The talks are still at an early stage and may or may not result in a deal, they added.

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