Palo Alto based SME working capital finance platform focused on the developing markets has raised $15m in Series A funding from Accel India and Sequoia Capital India. Additionally, the company also raised an undisclosed amount of debt capital from Silicon Valley Bank and others.
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Working capital financing platform, Drip Capital, raised $15m Series A from Accel India and Seqouia
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“With a partner like Drip Capital, emerging market exporters now never need to say ‘no’ to a new order due to working capital constraints. This offers a huge boost to small and medium businesses which play such a significant role in India’s trade network,” said Mohit Bhatnagar, managing director, Sequoia Capital India Advisors.
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