Vayana Secures NBFC Licence, Eyes $20 Million Fundraise

Vayana, a Pune-based supply chain finance startup, has obtained a non-banking finance company (NBFC) licence from the Reserve Bank of India. This milestone enables Vayana to engage in co-lending partnerships with major lenders and take on loan exposure. The company now plans to raise an additional $20 million in funding, primarily to capitalize its NBFC business. SMBC Asia Rising Fund, which led Vayana's previous round, is likely to lead this new round as well. This development positions Vayana for further growth in the supply chain financing sector.

 

Source: The Economic Times