Capital Float seeks new path for redemption

The fintech lender, which began operations with a focus on small and medium enterprises, is raising funds again but at a considerably discounted valuation as it seeks to reinvent itself as a 'buy now, pay later' startup. But questions around its asset quality remain

author-image

By 

Pratik Bhakta

May 24, 2021

9 Min Read

After years of a tumultuous journey, Capital Float is testing the winds again with a trending consumer lending model—buy now, pay later—that it hopes will bring it some stability. But the move could come at a cost, with the fintech lender staring at a significant fall in its valuation as it seeks more funds to build its new business.

Capital Float started operations in 2013 with a focus on lending to small and medium enterprises untouched by traditional financial players. It quickly expanded, but sometimes too fast for sustainable growth.

The new funding round could now provide a fresh lease of life to the Gaurav Hinduja and Sashank Rishyasringa founded startup as it doubles down on consumer lending, taking a detour from its origins.

Why

Subscribe

Pricing

As a premium subscriber, you will get access to 3+ premium articles a week
Limited time offer
Launch price
INR
2,399
/ Year
INR 3,999
Save 40% with our launch offer.
Please apply the code at checkout.

copyCopy Code

Upgrade Now

Why

Subscribe

As a premium subscriber, you will get access to 3+ premium articles a week

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and also disruptive startups so you can make better decisions.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.

Filtering the Noise

New economy companies cannot always be evaluated using traditional methods. We analyze the relevant metrics, ask the tough questions to get you the right picture.

Inside View

We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.
share-button
like-button
share-button

For subscribers only

Premium Reads

>>

View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.