M&A
Debt marketplace CredAvenue acquires majority stake in Corpository at Rs.100-Cr valuation
Chennai-based unicorn debt marketplace CredAvenue has acquired a majority stake in Ahmedabad-based Corpository, a full-stack corporate credit underwriting company at a valuation of INR 100 crore. With this acquisition, all lenders on CredAvenue's platform will be able to evaluate and make lending decisions on the platform. CredAvenue will acquire the majority stake through a combination of primary investment and secondary purchase from the existing shareholders. Corpository's SaaS-based products help evaluate, underwrite and monitor corporate credits using publicly available data from 50+ sources such as the MCA, credit ratings, GST filings, and litigation data, among others.
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