Trade finance platform Vayana Network said it has raised Rs 283 crore in a Series C funding round led by Chiratae Ventures, CDC Group, Jungle Ventures, March Capital, Marshall Wace, and some family offices in India and abroad.
Founded in 2017, Vayana is a B2B trade financial intermediary, which connects SMEs and corporates with financial institutions for low-cost access to trade loans. The company claims to have so far facilitated $8 billion in loans to over 22,000 MSMEs, for over 1,000 supply chains across 25 different sectors.
