New Delhi, Sep 30 (IANS) Digital lending player Clix Capital Services Pvt Ltd on Monday announced that it raised $40 million (around Rs 280 crore) from its existing investors AION Capital Partners Ltd as well as promoters Pramod Bhasin and Anil Chawla in its latest round of capital infusion.
In a statement, Clix said that the latest round of funding will be used to expand the business across its varied segments, especially consumer finance and digital platforms.
“With the fresh equity infusion, Clix is planning to continue its steady credit quality-led growth, focussing on the retail-lending segment to achieve a 70 per cent composition by March 2020. The company believes the current liquidity squeeze in the lending space is also likely to present additional opportunities for selective acquisitions,” it said.
–IANS
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Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.