In a recent move, Velocity, a leading Indian startup, has raised INR 4 crore in an off duty fundraising campaign. The funds will be used to support the company’s operations and to expand its reach.
Velocity is a leading Indian startup that provides financial services to small and medium-sized businesses. The company was founded in 2017 and has since grown to become one of the most successful startups in the country. The company has raised over INR 200 crore in investments from venture capital firms and angel investors.
The fundraising campaign was launched in March 2021 and was open to all investors. The company received an overwhelming response from the investors, who were keen to invest in the company’s growth story. The funds raised will be used to support the company’s operations and to expand its reach.
The funds will be used to develop new products and services, expand the team, and invest in marketing and customer acquisition. The company also plans to use the funds to strengthen its technology infrastructure and build a strong customer base.
Velocity is committed to providing quality financial services to small and medium-sized businesses. The company has a team of experienced professionals who are dedicated to helping businesses grow and succeed. The company also offers a range of services such as loan origination, credit scoring, and financial planning.
The fundraising campaign is a testament to the trust that investors have in Velocity’s vision and mission. The funds raised will help the company continue to provide quality financial services to small and medium-sized businesses. This will enable them to grow and succeed in their respective fields.
The success of the fundraising campaign is a major milestone for Velocity and is a testament to the trust that investors have in the company’s vision. The funds raised will help the company continue to provide quality financial services to small and medium-sized businesses. This will enable them to grow and succeed in their respective fields.
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