The startup raised the funding from Falguni and Sanjay Nayar Family Office and will utilize it to scale up its micro SME lending
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Digital lending startup FlexiLoans on Wednesday announced it has raised INR 150 crore through a mix of equity and debt lines. The fund has been raised from Falguni and Sanjay Nayar Family Office.
With the current funding, the Mumbai-based startup has raised INR 500 crore in a mix of both equity and debt since its inception in 2016 and banking relationships with over 13 financial institutions.
The startup will utilize the fresh capital infusion in scaling its micro SME lending and has significant alliance partnerships that will be announced this quarter by offering lending products. The startup
GoodRx (GDRX) – Get Report shares fell Monday after the online-prescription-shopping platform received four buy ratings and four holds from analysts who initiated ratings on the company.
The bullish analysts see a huge potential customer base for GoodRx, which went public last month. The neutral analysts express concern about valuation, given GoodRx’s 55% surge from its $33 initial-public-offering price.
The Santa Monica, Calif., company’s shares recently traded at $50.55, down 4.7%.
Morgan Stanley analyst Ricky Goldwasser rates GoodRx overweight with a $57 share-price target.
“GoodRx is the largest healthcare-focused Internet platform that provides users access to prescription drug discounts nationwide,” she wrote in a commentary.
“Leveraging its Internet platform and relationships with health-care stakeholders, GoodRx has unbundled traditional pricing mechanism to create a more equitable cash prescription marketplace for consumers filling generic scripts.”
Goldwasser added, “The company is in early phases of expanding into subscription prescription offering, telehealth
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