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Pune-based digital lending platform Loantap has raised $6.2 million in fresh equity funding led by July Ventures. Existing investors 3one4 Capital, Avaana Capital, Kae Capital and the Swapurna Family Office also participated in the round.
With this, the total capital raised by the company stands at around $45 million.
The fundraise comes at a time when the broader digital lending sector is facing headwinds due to regulatory tightening and a cautious stance from banks and large non-banking finance companies.
The company has pivoted from consumer lending…
