OkCredit is currently valued at $40-50 million, sharply lower than the $83 million it had raised in total from investors over three funding rounds
India's informal BNPL model witnessed a surge in repayments this Diwali season with repayments 12 per cent higher than average, and the merchants booked 15 per cent growth in their business during the two-week festive season, according to a study by digital book-keeping app OkCredit.
Dukaan is looking to take local retail stores online. The startup allows customers to place orders for fruits and vegetables, food and other items with merchants on its website.
OkCredit, Khatabook and Vyapar are seeing traction return on their platforms as the economy recovers from the disruption caused by Covid and the lockdown