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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.
“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.
https://www.fortuneindia.com/venture/drip-capital-raises-15-mn-from-accel-sequoia-and-others/102032
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