SMECorner gets Rs 90 crore in equity, debt

Mumbai-based digital lending startup SMECorner has raised Rs 90 crore in fresh funding in a mix of debt and equity.

While Rs 35 crore of equity capital has come from Accion Frontier Inclusion Fund managed by Quona Capital, another Rs 10 crore was infused by existing investors including Accion Venture Lab. Besides the equity funding, Rs 45 crore of debt funding came from institutions like Northern Arc and Vivriti Finance.

SMECorner, which lends money to small retailers in nine.

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