Consumer lending app Ring raises Rs.100-Cr from Trifecta Capital

Mumbai-based consumer lending app Ring has raised INR 100 crore in venture debt from Trifecta Capital. Ring will use the funds for on-lending and for growing its balance sheet loan book.Founded by Krishnan Vishwanathan, Ranvir Singh in 2022, Ring had previously raised INR 100 crore in a funding round led by Trifecta Capital and Northern Arc with each subscribing to INR 50 crore of non-convertible debentures (NCDs).