NBFC Indium Finance raises Rs 4.5 crore

The investment round was led by IAN lead investors Sanjay Rishi, Raman Roy, and Manipal Group, Indium Finance said.

August 23, 2022 / 19:04 IST

City-based fintech NBFC Indium Finance has raised Rs 4.5 crore from Indian Angel Network (IAN) for acquiring new customers, building the product platform and expanding the sales and technology teams. The investment round was led by IAN lead investors Sanjay Rishi, Raman Roy, and Manipal Group, Indium Finance said.

The platform said it is working with multiple corporate and B2B e-commerce partners, giving it access to over 25,000 distributors, dealers, and retailers. After being a bootstrapped company for nearly four years, the company plans to use the investment to collaborate with new corporate and e-commerce partners to double this access in the next six months, it said.

first published: Aug 23, 2022 07:04 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347