Private Equity

VC Fund Investments

Digital lender Revfin attracts $14-M in Series B from Omidyar Network, others

Financial Express  

Revfin , a Delhi-headquartered digital lending platform, has raised USD 14 million (INR 115 crore) in its Series B funding round led by Omidyar Network, which had put in USD 5 million (INR 42 crore). Omidyar was joined by the Asian Development Bank, Companion Capital, and existing investors Green Frontiers Capital and LC Nueva. Revfin will use the funds to provide financing for electric 2-3 wheelers. Additionally, the funding will support various components of the EV ecosystem, including charging stations and batteries. With this funding Revfin's total capital raised through debt and equity comes to INR 625 crore.