Debt financing
Supply chain platform for fashion merchants Reevoy raises Rs.48-Cr from Kilde
Mumbai-based fashion trade platform Reevoy has secured INR 48 crore in debt for its invoice financing arm from Kilde. This would be the first debt round for the company which helps buyers to source from the southeast Asia region. The proceeds will be used to expand its operationational capability and widen financial offerings for importers. Founded in 2020 by Ankur Khetan, Ishan Dadhich and Mohit Agarwal, Reevoy provides tech enabled supply chains for fashion and home decor merchants. In January this year, Reevoy had raised around USD 4 million in a funding round led by 9Unicorns and VCats with participation of Better Capital, Earlsfield Capital Partners and a clutch of angel investors.
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