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CredAvenue, a debt platform for enterprises, introduced the closure of its first funding spherical of $90 million led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock. Until date, CredAvenue has facilitated transactions value over $9 billion partaking over 1,500 institutional debtors, 750 buyers, and over 1 million end-user debtors, as per an organization assertion. The agency mentioned it might double its headcount to 700 by finish of FY22 and likewise take a look at international expansions by means of strategic acquisitions.
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