Private Equity

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Digital lending startup EarlySalary in talks with TPG, Norwest to raise $110-M

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Pune-based digital lending startup EarlySalary is in talks to raise USD 110 million in a round led by private equity firm TPG. The round will also see participation from Norwest Venture Partners, a new investor. Founded by Akshay Mehrotra, EarlySalary offers personal loans up to INR 500,000 for short tenures through its mobile app and tie-ups with companies.

From the Venture Intelligence PE-VC Deal Database: Between May 17 and Feb 20, EarlySalary had raised over USD 28 M from Chiratae Ventures, Eight Roads Ventures and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)