SME lender CredRight raises Rs.78-Cr led by Dell Foundation

CredRight, a Hyderabad-based fintech startup focused on SME lending, has raised INR 78 crore through a combination of equity and debt. The Michael & Susan Dell Foundation led the equity round, with participation from existing investors YourNest, Spearhead Capital, 9Unicorns, and AccionVenture Lab. BlackSoil, Caspian Debt, RevX Capital, and Westen Capital led the debt round. CredRight will use the fresh capital to expand to new locations, strengthen its technology stack, and work towards helping more small businesses access formal finance.