Debt financing
Working capital financier CredAble raises Rs.30-Cr from SIDBI
Mumbai-based working capital financing startup CredAble has raised INR 30 crore in debt funding from Small Industries Development Bank of India (SIDBI) to enhance its operations and support MSMEs and women-led businesses in India.Founded in 2017 by Nirav Choksi and Ram Kewalramani, CredAble claims to have disbursed over USD 8 billion annually in working capital for large, mid, and emerging corporates, MSMEs, as well as financial institutions.
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