Debt Financing Funded Startups in India
Debt financing rounds in this view span 2021-12-21 (TenderCuts, $4M) through 2022-10-27 (Northern Arc, $49M), with the newest four rounds (2022-10-04 to 20…
Debt financing rounds in this view span 2021-12-21 (TenderCuts, $4M) through 2022-10-27 (Northern Arc, $49M), with the newest four rounds (2022-10-04 to 2022-10-27) still clustering in India’s major metros. Size is highly skewed: the largest disclosed round is Logicserve Digital’s $300M (2022-10-04), which dwarfs the next-largest disclosed amount (Fullerton India’s $352M is actually higher; therefore the largest is Fullerton India at $352M on 2022-09-12), leaving most other disclosed rounds far below that top tier. The top disclosed tier is concentrated in Financial Services: Fullerton India ($352M, 2022-09-12), Northern Arc ($49M, 2022-10-27), Lendingkart ($10M, 2022-07-02), Uni Cards ($6M, 2022-06-08), Karbon ($7M, 2022-05-17), and others appear repeatedly.
Two clear outliers also stand out on the low end and in information gaps. Several rounds are either very small ($100K entries such as BigHaat on 2022-03-24 and multiple $100K rounds in March 2022) or undisclosed (DrinkPrime on 2022-07-20; Dawaa Dost on 2022-04-05), while at least three sectors recur across 3+ entries: Financial Services, Apps, and Commerce and Shopping. Geographically, Bangalore (multiple rounds across periods) and Mumbai (multiple rounds as well) are the most frequent anchor cities in the listed companies.
Most recent rounds
50 shownRelated listings
Frequently asked
What are the largest disclosed debt-financing rounds here, and how different are they from the rest?
The largest disclosed amount is Fullerton India at $352M (2022-09-12). Logicserve Digital’s $300M (2022-10-04) is the next-highest disclosed round, while the majority of other disclosed rounds sit well below $100M—for example, HomeLane at $2M (2022-10-11) and ElectricPe at $1M (2022-09-26).
Do the rounds cluster in a particular time window rather than being evenly spread?
They concentrate heavily in late 2022: from 2022-09-01 (Bike Bazaar, $31M) through 2022-10-27 (Northern Arc, $49M), multiple large rounds appear alongside smaller ones (e.g., Fullerton India $352M on 2022-09-12; ElectricPe $1M on 2022-09-26). The listing also extends back to 2021-12-21 (TenderCuts, $4M), indicating most activity shown is within a roughly 10-month period.
Which sectors are over-represented in this debt-financing set?
Financial Services is the clear repeat sector, with multiple entries such as Northern Arc ($49M, 2022-10-27), Fullerton India ($352M, 2022-09-12), Lendingkart ($10M, 2022-07-02), and Karbon ($7M, 2022-05-17). Apps also recurs (e.g., Zypp Electric $1M on 2022-04-25; blinkit $150M on 2022-03-16; PhableCare $100K on 2022-01-27), and Commerce and Shopping appears repeatedly (e.g., ZoomCar $10M on 2022-10-20; Wingreens Farms $3M on 2022-09-14).
Are there notable low-disclosed or missing-amount outliers that affect how the distribution looks?
Yes: undisclosed amounts appear twice—DrinkPrime on 2022-07-20 (undisclosed) and Dawaa Dost on 2022-04-05 (undisclosed). On the low end of disclosed amounts, several rounds are at $100K (e.g., BigHaat 2022-03-24; BluSmart Mobility 2022-03-24; LoanTap 2022-03-24), which compresses the lower tail relative to the top tier.
Do any cities show up repeatedly, suggesting a geographic concentration within India?
Bangalore appears multiple times (e.g., Northern Arc is Chennai, but Bangalore includes ZoomCar on 2022-10-20 at $10M, Perfios on 2022-10-18 at $6M, Tonbo Imaging on 2022-09-13 at $8M, Instoried on 2022-04-07 at $200M, and ShareChat on 2022-02-10 at $100M). Mumbai also recurs frequently (e.g., Logicserve Digital $300M on 2022-10-04, Fullerton India $352M on 2022-09-12, OTO Capital $750K on 2022-08-12, and Eruditus Executive Education $351M on 2022-03-08).
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.