VC Fund Investments
Lending platform Online PSB Loans raises Rs.50-Cr from HDFC Holdings, TransUnion
Ahmedabad-based lending platform Online PSB Loans (OPL) has raised INR 50 crore from HDFC Holdings and TransUnion, an US-based credit information company, in return for strategic minority stakes. OPL will use the funds to help facilitate MSME and retail financing. OPL enables borrowers (primarily MSMEs and individuals) to apply for a loan ranging from INR 10,000 up to INR 5 crore, and receive in-principle approval in 59 minutes or less from banks and credit institutions.
From the Venture Intelligence PE-VC Deal Database: In Jul-18, Online PSB Loans raised $730-K from SIDBI VC. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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