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Jerome Merchant, Tatva get $13m funding for SMECorner from Accion

“Mumbai-based digital lending startup SME Corner has raised Rs 90 crore in fresh funding in a mix of debt and equity. While Rs 35 crore of equity capital has come from Accion Frontier Inclusion Fund managed by Quona Capital, another Rs 10 crore was infused by existing investors including Accion Venture Lab,” reported The Economic Times.

Jerome Merchant + Partners advised SMECorner led by a team of partner Sameer Sibal with associate Rishabh Gupta.

Tatva Legal Bangalore advised Accion Frontier Inclusion Mauritius managed by Quona Capital, led by partners Manav Nagaraj, Bhargava KS alongwith senior associate Junaid Ahmed. Tatva Legal Mumbai advised Accion Venture Lab, led by partner Anu Iyer alongwith associate Amol Chitnis.

Deal value: INR 90 Crore

2019-03-06

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