Deal Description

This is an interesting company with about 7000 customers who have set up their retail store online. This company has the entire platform to automate the Mom and Pop stores and give them all the links for payment, supply chain etc and enable them to catch the digital transformation wave. They have also got back end tie up with leading Micro finance institutions and the Banks to do a hybrid lending comprising Microfinance and Bank Lending in a local market and ensure near to zero NPA. They also have back to back tie ups with the leading Payment service providers and networks. The founders are Payment industry veterans. They are looking for a INR 2Cr worth of investment in a 30 CR valuation now and they already do some good business. Details can be supplied upon request. Ideal for Payment service providers interested in growing merchant base or for lending companies or anyone who intends to have wider merchant base. They have a revenue of about INR 3Cr this year and with a burn off about INR 4.3Cr they will scale to INR 14 Cr in black with 16 Cr of investments by 2023. Details can be shared with the Abstract.

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