New Delhi: The total number of Unicorns in India in a hurry in 2021.
Funding overflowed and several major startups chose public routes.
However, capital remains difficult to understand for several startups in India that work to overcome the gap faced by consumers.
It can be in e-commerce, mobility, FMCG, health care and sustainability, among others.
Feeling this gap, a new category of lenders has emerged, specializing in alternative financing.
Utilizing technology and finance, lenders such as Hesa, Evenflow, Dotpe, Gully and Minko networks are looking at funds through different lenses.
Hesa, for example, is a startup that provides an integrated market specializing in the village of Agritech and Fintech to 6.5 lakh.
It offers services such as cash withdrawals, deposits, loans, expenses, collections and insurance.
“Alternative financing helps increase scales faster without diluteing a lot of equity in the early stages and the fact that some of them are related to performance, will help small businesses to quickly take advantage,” said Vamsi Udayagiri, So-founder, Hesa.
Similarly, the roll-up company, Evenflow is a startup that helps grow e-commerce brands.
This holds startup in various functions such as new product development, catalog, managing inventory, merchandising platform and marketing performance, among others.
In addition, it provides credit facilities for small e-commerce companies.
“Alternative financing has become a gift for Indian and SME micro entrepreneurs.
From income-based financing and working capital loans / inventory for capital growth to expand and scale business, there are several sides,” Utsav Agav Agarwal, Co-Founder, even the brand of evenflow.
” And this has become a reality just above half.
From the last decade with a new time startup handling financing & credit problems in a disturbing way that is far from the focus of traditional banks & NBFC.
“Gully Network is another startup that steps to provide a scalable retail platform For small and medium businesses, including from Tier 1 and 2 cities.
By helping this small business increases their target audience base, giving timely charging auto-stock, driving higher sales, startup helps them make it easier to the Omni-Channel model.
Likewise, Minko, Startup Fintech retail, offers credit facilities embedded to small retail grocery stores with their supplier invoices that allow them to develop.
“Small business owners, especially those who are new to credit but with a great business footprint record have challenges in accessing short-term credit with low interest rates,” said Sanket Shendure, Co-Founder and CEO of Minko.
“New alternatives such as credit lines.
Approved from Minko.
Accessed through the application, which allows small business owners to easily access credit for seven to 15 days, at the interest rate as low as 0.5% and get a 10% margin.
This not only helps them grow their topline but also the point Of course.
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How alternative financing empowers small business growth
