VC Fund Investments

Lender to MSMEs Kredmint raises Rs.14-Cr

Mint  

Faridabad, Haryana-based Kredmint Technologies Pvt Ltd, a lender to MSMEs (Micro, Small and Medium Enterprises), has raised INR 14 crore. The firm was launched by Vikas Garg (Ex-CFO Paytm), Rahul Nagar (Ex-Genpact) and Himanshu Arora (Ex- Gaana). Two India-based venture capital funds and a Singapore-based VC firm participated in the funding round. Other participants in the funding round include Kunal Shah (Founder-CRED), Ashneer Grover (Founder-BharatPe), Amit Lakhotia (Founder-Parkplus), Shankar Nath (Co-founder-Junio), Amit Sinha (Founder-Unnati), Manish Amin (Co-founder-Yatra), Sachin Seth (CEO-BSE Ebix), Jaskaran Kapany (Ex-CMO, Xiaomi, Paytm), Ankur Warikoo (Founder-Nearbuy), Renu Satti (Ex-COO, Paytm), Ajay Shekhar Sharma (CBO-Paytm), Sudhanshu Gupta (COO-Paytm First Games) and Senu Sam (CEO and Co-founder Mykare). Kredmint offers flexible supply chain financing solutions to MSMEs using smart contracts and tokenization.

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