Bengaluru-headquartered lending firm is alleged to be in talks to lift $150 million in a brand new spherical of fairness funding, at over $1 billion post-money valuation. It had raised $75 million in March 2022 in a Sequence D spherical of funding. The Sequence D spherical noticed participation from Tiger International, Accel, Winter Capital, Evolvence India, and others.
The present Sequence E spherical is reportedly being led by non-public fairness participant Apis Companions, mentioned a report printed in The Financial Instances. Cash View didn’t touch upon queries until the time of publishing this information report.
Based in 2014 by Puneet Agarwal and Sanjay Aggarwal, Cash View affords a collection of personalised credit score merchandise equivalent to instantaneous private loans, starting from Rs 10,000 to Rs 5 lakh, playing cards, purchase now pay later (BNPL), and private finance administration options. The corporate has partnered with over 15 monetary establishments for its credit score providing.
The startup claims to have an annualised income run price of Rs 600 crore for the monetary 12 months 2022.
Cash View was valued at $625 million within the Sequence D spherical of funding. The corporate’s valuation is anticipated to leap within the present spherical of funding. That is important within the gentle of RBI’s round in June 2022, which prevents non-banks from loading pay as you go devices utilizing credit score traces. The round has affected the enterprise of a number of lending apps and BNPL gamers, forcing lots of them to search for alternative business models.
