Existing investor JITO Angel Network also participated in the round, the startup said in a statement on Monday.
“With these funds, we shall further the reach of Siply to over 400 towns and strengthen our team & tech,” cofounder and CEO of Siply, Sousthav Chakrabarty said.
Siply said it plans to raise Series A, and in the next 12 months, reach a user base of one crore users and process three crore transactions with overall savings of Rs 600 crore and disburse over Rs 500 crores in loans through its micro-credit offering.
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In 14 months, Siply has attained over 15 lakh users who have collectively done 20 lakh transactions amounting to total savings of Rs 150 crore, it was stated.
Existing investor JITO Angel Network also participated in the round, the startup said in a statement on Monday.
“With these funds, we shall further the reach of Siply to over 400 towns and strengthen our team & tech,” cofounder and CEO of Siply, Sousthav Chakrabarty said.
Siply said it plans to raise Series A, and in the next 12 months, reach a user base of one crore users and process three crore transactions with overall savings of Rs 600 crore and disburse over Rs 500 crores in loans through its micro-credit offering.
STARTUP ROCKSTARS IN 2021
Sign-in to see our list of the most promising startups of 2021
In 14 months, Siply has attained over 15 lakh users who have collectively done 20 lakh transactions amounting to total savings of Rs 150 crore, it was stated.