Fintech lender KreditBee raises Rs 60 crore from SIDBI’s India SME

Mumbai: KreditBee has raised Rs 60 crore (about $8 million) in equity and debt from SIDBI’s investment arm—India SME Investments, the fintech lender said.

The funding is part of its Series C round, in which the startup earlier this year raised about $145 million from the likes of Premji Invest, Mirae Asset Ventures, TPG-backed NewQuest Capital Partners and Motilal Oswal Private Equity. India SME invested Rs 28.4 crore in September 2019 as debt in Krazybee Services, the holding company of KreditBee.