Debt financing
Digital lender True Balance raises Rs.20-Cr from VentureSoul
VentureSoul Partners has lent INR 20 crore to Gurugram-based digital lender True Balance . The startup will use the funds to further expand its operations. This marks the first deployment from VentureSoul’s first venture debt fund.True Balance is operated by Balancehero India, a wholly-owned subsidiary of Korea-based Balancehero Co Ltd. The firm began its operations in India in 2017 to provide wallet services. In 2019, True Balance received approval from the Reserve Bank of India to operate as a non-banking financial company (NBFC).
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