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June 25, 2014

Deal Alert: Aspada invests Rs. 12-Cr in SME lender Capital Float

Aspada Investment Company, which is backed with a significant commitment from the Soros Economic Development Fund (SEDF), has made a commitment of INR 12 crore (USD $2 million) in Bangalore-based Capital Float, a business that provides working capital loans to underserved small businesses via a technology-led loan origination and credit underwriting platform.

Capital Float works with SMEs in manufacturing, services and e-commerce and is led by Gaurav Hinduja and Sashank Rishyasringa, who both returned to India to start the firm after completing their MBAs at Stanford University.

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