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.
Prime Minister Narendra Modi Inaugurates French Major Safran's Maintenance Facility For Commercial Aircraft's LEAP Engines
Maharashtra: 'Mahayuti Will Secure Maximum Seats In Dec 2 Local Polls,' Says Minister Chandrashekhar Bawankule, Dismissing Alliance Rift
Watch: Virat Kohli All Smiles On Arrival In Ranchi For IND vs SA 1st ODI At JSCA Cricket Stadium
Southern Thailand Reels Under Heavy Floods, Hat Yai City Submerged For Weeks- Horrifying Visuals Inside
(With inputs from PTI)
