CosmicTaco

Drip Capital Secures $113 Mn Amidst Market Challenges

CosmicTaco · 2024-09-06T11:21:13.901027+05:30

- Drip Capital has raised $113 Mn through a mix of debt and equity financing. - Japanese investors GMO Payment Gateway and SMBC contributed $23 Mn in equity. - The startup secured $90 Mn in debt from IFC and East West Bank. - Funds will support market expansion and new product development. - Drip Capital has financed over 1.99 Lakh invoices worth $6.5 Bn since last year. Source: [Inc42](https://inc42.com/buzz/flush-with-funds-zepto-likely-to-enter-bnpl-space-with-zepto-postpaid/)

Drip Capital has raised $113 Mn through a mix of debt and equity financing.
Japanese investors GMO Payment Gateway and SMBC contributed $23 Mn in equity.
The startup secured $90 Mn in debt from IFC and East West Bank.
Funds will support market expansion and new product development.
Drip Capital has financed over 1.99 Lakh invoices worth $6.5 Bn since last year.

Source: Inc42