Home / Knowledge / News / Apparel/Garments / Indifi to finance Shopclues' sellers
Indifi to finance Shopclues' sellers
31
Mar '16
Indifi Technologies has announced that it has tied up with e-commerce player Shopclues in a bid to boost business capabilities of the latter's associate sellers. Indifi Technologies is an SME funding enabler in India.

According to the agreement, Indifi will provide working capital to merchants trading on Shopclues, through its extensive lender base.

The financing aid will enable these sellers to maintain their product inventory and scale up their businesses more rapidly. It is a threefold association that not only boosts Indifi's industry outreach but also magnifies the commercial capacity of both Shopclues and its sellers.

"Indifi is committed to solving the credit access issues faced by small businesses across sectors in India. Our partnership with Shopclues creates a seamless platform for ecommerce sellers, as well as the data infrastructure to enable strong credit quality for lenders," said Indifi Technologies Co-founder and CEO, Alok Mittal.

Radhika Aggarwal, Co-founder and CBO, Shopclues said, "The association with Indifi will help the Capital Wings initiative of ShopClues offer loans to its partners and help them boost their business."

"ShopClues has a seller base of over 3,50,000 SME retailers who can benefit tremendously with the ready access to debt financing that our association with Indifi will provide them. Indifi Technologies and Shopclues are a perfect synergistic match in our shared endeavor to enhance the business capabilities of India's vibrant SME sector," Aggarwal added.

The partnership with Shopclues means that Indifi now has a presence in four different segments such as travel, transportation, retail sector, and e-commerce. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X