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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