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The round also saw participation from investors Dholakia Ventures, KRS Jamwal and Anikarth Ventures, among others. Existing institutional investors in the company include 100X.VC.
CredRight, which focuses on financial inclusion by providing much-needed institutional debt capital to MSMEs in Tier 3 and 4 towns, will utilise this additional capital to expand further into new locations, strengthen its technology stack and work towards positively impacting the lives of small business owners by helping them access formal finance.