Saturday, December 9, 2023
HomeInsightFunding Alert Clix Capital Raises Rs12,000 Cr In Debt Funding

[Funding alert] Clix Capital Raises Rs12,000 Cr In Debt Funding

[Funding alert] Clix Capital Raises Rs12,000 Cr In Debt Funding

Gurugram-based non-banking financing company Clix Capital received about Rs 1,200 crore in debt capital, of which about Rs 164 crore came out of the Global Climate Partnership Fund for further lending to sustainable projects.

Read also – [Funding alert] FincFriends Secures $3.5 Mn From Digital Finance International

The green capital will be used to pay for brand-new medical technology that complies with the most recent environmental standards. It also has the potential to create services for girl children from smaller communities or to fund institutions that prioritise educating girls, making it easier for them to attend school, as reported by The Economic

“Out of our current book, around Rs 500 crore is invested in the healthcare sector and Rs 850 crore in schools. With this funding round we will push these disbursals aggressively in the coming months,” said Rakesh Kaul, chief executive officer, Clix Capital.

Read also – [Funding alert] Mufin Green Finance Secures $1 Mn From Shell Foundation

“Paytm has become very big, and they were giving us good business during and after Covid. But now we have decided to focus on different sectors, which are not relevant from Paytm’s standpoint,” Kaul told ET.

Read also – [Funding alert] Terra Food Co. Raises $800K in Pre-Series A Funding Round

About Clix Capital

Clix Capital was established in 2016 and aims to change the way the lending industry operates by using technology and helpful inventions in order to render loans simpler, faster, easier, and more relevant for our customers. The company’s products are designed to meet everyone’s financial needs, whether they are for personal or professional reasons. With their use of technology and astute methods for reviewing loan applications.

Read also – [Funding alert] Selligion Technologies Secures INR 5 Cr In Pre-Series A Round

- Advertisment -