B2B services rental startup Settlrs stated that it has raised US$1 million (over Rs 7 crore) fund from Canbank Venture Capital Fund Ltd and other investors.
The company added that it will use this fund for business expansion into other cities and to build a next-generation fintech platform that attracts and connects users.
''We believe that the innovative fintech solution being introduced in Settlrs platform would result in greater adoption of our business ,'' stated Settlrs Founder Gaurav Ranebennur.
Settlrs further added that it has rented out more than 35,000 assets, across over 50 businesses in 15 cities in India.
Mumbai Fraud: Mankhurd Family Accused Of Cheating 60 Investors Of ₹3.99 Crore With Fake High-Return Share Market Scam; FIR Registered
Nalasopara Tragedy: Speeding Truck Runs Over Motorcyclist Near Santosh Bhavan; Driver Flees, Residents Slam Safety Lapses
Mumbai News: Despite SC Order On Stray Dogs, City Schools And Colleges Lead With Compassion—Showcase Model Of Human–Animal Co-Existence
Nagpur Bench Of Bombay HC: 'Investigating Agencies Cannot Debit-Freeze Bank Accounts Under BNSS; Only Lien Allowed'
(With inputs from PTI)
