Pune based digital lending company Loantap has raised $12 million in its series B round of funding led by Avaana Capital. The current round also saw participation from existing investors India Quotient, Shunwei Capital, Kae Capital, and 3One4 Capital.“LoanTap has created a strong technology backbone which offers a superior customer experience. — The Economic Times

Desai & Diwanji advised Avaana Capital led by a team of Desai & Diwanji advised Avaana Capital on the transaction, led by partner Siddharth Mody. The documentation team comprised of associates Ashutosh Merchant and Maitri Parekh whereas the legal diligence team comprised of senior associate Prerana Chaudhari and associates Shrikant Malani, Abhay Singh, Satvik Kulshrestha and Priyanshi Lodha.

Constellation Blu advised Loantap, the promoters and the existing investors on the transaction, led by M&A head Dheeraj Khanna.

2019-09-30

Deal value: $12 Million

{incomplete}