Private Equity Fund Investments
Fintech firm Capital Float raises $50-M led by Lightrock India
Bangalore-based Buy-Now-Pay-Later (BNPL) platform Capital Float has raised USD 50 million in equity funding led by Lightrock India. Other existing investors Sequoia Capital India, Ribbit Capital, and Creation Investments also participated in the round, David Velez (Founder of Nubank), Kunal Shah (Founder of Cred), and Amrish Rau (CEO of Pine Labs). Avendus Capital acted as the exclusive financial advisor to Capital Float on this transaction. The funds raised will be used to strengthen and scale Capital Float's BNPL platform and expand its partner ecosystem. Capital Float has partnered with Amazon (powering Amazon Pay Later), MakeMyTrip, Unacademy, and BoAt to help consumers finance purchases across e-commerce, D2C brands, travel, edtech and healthcare. It also recently launched a strategic partnership with Razorpay to expand BNPL to over 100,000 merchants across the country.
From the Venture Intelligence PE-VC Deal Database: Starting Jun-14, Capital Float had raised INR 731 crore from Ribbit Capital, Sequoia Capital India, Elevation Capital, Lightrock India and Creation Investments (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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