Private Equity Other Private Equity/Strategic Investments
Digital lending startup EarlySalary in talks with TPG, Norwest to raise $110-M
Source Mint (opens in a new tab)
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.)