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HomeInsightFunding Alert Brick And Byte Secures INR 10 Cr Debt From Red Fort...

[Funding alert] Brick And Byte Secures INR 10 Cr Debt From Red Fort Capital

Brick and Byte Innovative Products, a manufacturer of metal sheets, received NR 10 crore in funding from Red Fort Capital, an MSME lender.

Brick and Byte Innovative Products, a manufacturer of metal sheets, received NR 10 crore in funding from Red Fort Capital, an MSME lender.

Read also – [Funding alert] Emtech Solutions Raises $4 Mn From Matrix Partners

“Supporting business owners to sustain and grow stays at the heart of the underwriting policy of Red Fort Capital. With Brick and Byte, we saw the potential of the business model, commitment of the promoter, and the potential value it can create through this loan of INR 10 crore,” said Parry Singh, founder and CEO, Red Fort Capital.

Read also – [Funding alert] Elev8 Venture Partners Raises $67 Mn In Fund 1

With the addition of this debt to their cash flow, Brick and Byte hopes to more than double their revenue while utilising their surplus power and growing over the coming years, as reported by Entrepreneur.com

“I needed funds to further expand my business and Red Fort Capital stood strong on their promise of speed and value creation. They understood the ins and outs of my business and were extremely transparent throughout the loan process,” said Prashant Kamat, promoter, Brick and Byte Innovative Products.

Read also – [Funding alert] EvolveX Accelerator Backed UcliQ Secures INR 7 Mn in Angel Round

About Brick And Byte

Prashant Kamat established Brick & Byte in 2007. It is a prestigious Indian multinational firm with more than 20 years of experience that is committed to offering a wide range of top-notch services to its esteemed clientele. Our wide range of solutions can be tailored to meet any need, from integrated design and engineering services to innovative additive manufacturing.

Read also – [Funding alert] Wallter Systems Secures Undisclosed Amount In Seed Funding Round

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