• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, June 18, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Gurgaon-based RedCarpet Raises $2.5mn Funding from Lightspeed Venture Partners

by Chinmay Bidkar
March 1, 2017
in News
Reading Time: 1 min read
0
Gurgaon-based RedCarpet Raises $2.5mn Funding from Lightspeed Venture Partners
TwitterWhatsappLinkedin

You might also like

Kids Stage Virtual Protests Against ICE on Roblox as National Unrest Grows

Scattered Spider Targets U.S. Insurance Sector in New Wave of Cyberattacks

Goodbye Larry: Startup Blows Up Twitter Logo in Desert to Launch New Marketplace App

01 March 2017, India:

Gurgaon-based RedCarpet announced that the firm has raised $2.5 million in a fresh round of funding led by Lightspeed Venture Partners.

The fresh funds will be utilized to upgrade the technology behind risk evaluation, introduce new student-lending features, hire data scientists and deepen market penetration.

“At one point, the team was contemplating alternative forms of lending that are less risky, but for now they have decided to stick to student microlending since the market potential is huge and a winner is yet to emerge,” an employee stated to ET.

Also read- MORGAN STANLEY MARKS DOWN FLIPKART FOR FIFTH CONSECUTIVE TIME!

RedCarpet lends to customers in India to finance their online purchases – e-commerce, travel, etc. In India, credit and finance companies are able to service less than 3% of the customer base because there is no data, no widespread credit bureaus to profile and score customers. RedCarpet has access to much more data, including data on your mobile phone. The company uses this data to service customers who never had any access to credit before.

Also read- UBER CEO KALANICK ASKS VP OF ENGINEERING AMIT SINGHAL TO QUIT
Tags: fundingInvestmentLightspeed Venture PartnersRedCarpet
Tweet54SendShare15
Previous Post

Morgan Stanley Marks Down Flipkart for Fifth Consecutive Time!

Next Post

Google Announces YouTube TV for $35 a Month

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Kids Stage Virtual Protests Against ICE on Roblox as National Unrest Grows

by Harikrishnan A
June 18, 2025
0
Kids Stage Virtual Protests Against ICE on Roblox as National Unrest Grows

As political tensions over immigration enforcement continue to boil across the United States, an unexpected group has taken a stand—kids. But rather than taking to the streets, they’re...

Read more

Scattered Spider Targets U.S. Insurance Sector in New Wave of Cyberattacks

by Harikrishnan A
June 18, 2025
0
Scattered Spider Targets U.S. Insurance Sector in New Wave of Cyberattacks

A wave of cyberattacks targeting U.S. insurance companies is raising alarm among cybersecurity experts, who say the intrusions bear the hallmarks of a threat actor known as Scattered...

Read more

Goodbye Larry: Startup Blows Up Twitter Logo in Desert to Launch New Marketplace App

by Harikrishnan A
June 18, 2025
0
Goodbye Larry: Startup Blows Up Twitter Logo in Desert to Launch New Marketplace App

A fledgling startup has made headlines by taking a massive symbol of Silicon Valley’s past and turning it into ashes—literally. Earlier this year, the 12-foot-tall, 560-pound Twitter bird...

Read more
Next Post
Google Announces YouTube TV for $35 a Month

Google Announces YouTube TV for $35 a Month

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?