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Shiprocket introduces revenue-based financing model for SMBs, aims to disburse funds worth Rs 100 crore
  • Shiprocket introduces revenue-based financing model for SMBs, aims to disburse funds worth Rs 100 crore

    05 December 2023

    In a bid to offer revenue-based
    financing for SMBs, ecommerce
    enablement platform Shiprocket will
    disburse around Rs 100 crores to SMBs
    in the next 12 months via Shiprocket
    Capital. The initiative boasts of
    transforming the financing landscape
    for emerging ecommerce businesses by
    enabling financing that is easy, quick,
    collateral-free and liability-free.

    Saahil Goel, Co-Founder and CEO, Shiprocket says that Shiprocket Capital
    offers an efficient means for ecommerce entrepreneurs to access vital growth
    capital, potentially increasing startup growth by up to 30%. "This expeditious
    access is crucial for businesses facing time-sensitive opportunities or urgent
    financial needs. Moreover, the revenue-based financing model ensures
    liability-free financing, with repayments tied directly to a company's revenue,"
    he states.
    Goel adds that such an approach minimises financial burden on MSMEs,
    allowing them to repay funds in line with their income generation, a
    flexibility not typically found in traditional lending methods. "The
    combination of quick, collateral-free access and liability-free financing makes
    RBF platforms a transformative force in empowering Indian MSMEs with the
    necessary capital for sustained growth," he says.

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