$100 M Series D funding reportedly to be raised by Indian lending firm EarlySalary

According to three people with knowledge of the situation, the loan platform EarlySalary, which is located in India, plans to raise $100 million soon.

The deal is apparently at a “advanced stage” and while TPG Growth is reportedly “expected to lead the round,” other investors, both new and old, are also taking part.

EarlySalary most recently received $10 million in funding from Eight Road Ventures and Chiratae Ventures for its series C investment.

Ashish Goyal and Akshay Mehrotra founded EarlySalary, a company that provides short-term loans to clients through small, medium, and big businesses. Buy now, pay later loans, personal loans, fast loans, and its SalaryCard for paid staff are just a few of its offerings. The firm said that since 2015; it had provided 2.5 million loans to 280 enterprises.

While operational revenue fell 17% from the prior fiscal year, the corporation lost US $2.4 million in 2021.