DK Business Network
In a Series B funding round headed by Abler Nordic, CredRight Private Limited has raised $10 million. Current investors, including the Michael & Susan Dell Foundation, Unleash Capital, YourNest Venture Capital, 100 Unicorns and Accion Venture Lab, also participated in the round.
This fundraiser was the first investment from Abler’s new Fund V and Vertices Partners provided advice to the lead investor, Abler Nordic. Vikrant Anand, an equity partner, led the deal, assisted by a group that included Principal Associate Nishant Singh. Throughout the process, Vinayak Burman, the managing partner and founder, offered strategic insights.
During this fundraiser, the firm also provided advice to Unleash Capital, an existing investor. Vishal Mehta, an equity partner, led the Unleash Capital transaction team, which also included Associate Manager Nisha Dharod and Principal Associate Varun Kaka.
The Michael & Susan Dell Foundation was represented by AZB & Partners, 100 Unicorns was advised by IndiaJuris and YourNest Venture Capital was counselled by Khaitan Legal Associates throughout the funding process. CredRight is a Bengaluru-based business that was founded in 2016 and provides a technological platform for managing and facilitating loans for MSMEs.
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