Indium Finance raises Rs4.5 Crore from Indian Angel Network

24 Aug 2022 , 08:34 AM

Indium Finance, a city-based fintech NBFC, has raised Rs4.5 crore from Indian Angel Network (IAN) to expand its sales and technical teams as well as to acquire new clients and build out its product platform. According to Indium Finance, Raman Roy, Manipal Group, and Sanjay Rishi served as the IAN’s lead investors in the funding round.

The platform claimed to be collaborating with numerous corporate and B2B e-commerce partners, providing it with access to over 25,000 distributors, dealers, and retailers. After operating as a bootstrapped business for almost four years, the company said it will utilize the financing to work with new business and e-commerce partners to increase access by doubling it within the next six months.