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Dhaval AgriTechCrunch
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83% Informative
Drip Capital provides working capital loans to small and medium importers and exporters in India and the U.S. Palo Alto -based startup has raised $113 million in funding.
It is already profitable, and says it is aiming for 40% year-on-year growth in the next two years .
Drip Capital is piloting a sourcing platform to help connect buyers with new suppliers using its buyer-seller network.
The startup targets clients by offering them cheaper foreign exchange access through its partnership with Barclays .
This latest investment comes nearly three years after Drip raised $40 million in its Series C round in October 2021 .
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