India, June 5 -- Pune-based fintech startup LoanTap has raised Pre-Series C funding of INR 74 Cr (around $8.6 Mn) in a mix of equity and debt infusion.

The company raised INR 54 Cr (around $6.3 Mn) in equity, led by July Ventures with additional participation from existing investors, including 3one4 Capital, Avaana Capital, Kae Capital and Swapurna Family Office.

Additionally, it bagged INR 20 Cr via venture debt to facilitate the expansion of its supply chain financing offerings for small retailers.

Founded in 2016 by Satyam Kumar and (late) Vikas Kumar, LoanTap was set up as an online lending platform, offering personal loans, business loans, special purpose loans, among others. The company's credit solutions are built to address the...