Deal Street

November 06, 2017

Ziploan raises Rs 20 crore from Matrix


fundraise

Ziploan, the online lending platform has raised an amount of Rs 20 crore in an equity fundraise, which was led by the Matrix Partners. The other participants in the round also included its existing investors Waterbridge Ventures and Whiteboard Capital.

The lending company plans to expand its area of operation and enhance its technology platform after this fund infusion. “We were operational in Delhi and started business recently in Indo re. We plan to expand to other tier-II cities over the next one year and build a Rs 200-crore loan book within that time, “said Kshitij Puri, co-founder of Ziploan.

Rajaram Legal advised Matrix Partners, with the team being led by Partner Priyadarshini Sherchan and Senior Associate Prasad Subramanyan.

Khaitan & Co acted upon Ziploan including Associate Partner Mayank Singh and Associate Anugya Sahai from their team.

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