Capital Float, formerly known as Zen Lefin Private Limited, is an online platform that provides working capital finance to SMEs in India.
Capital Float offers flexible, short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles.
Capital Float was founded in 2013 by Gaurav Hinduja, Sashank Rishyasringa. The company is headquartered in Bangalore, with offices in Mumbai, Delhi NCR and other cities.
Capital Float leverages technology and big data analytics to deliver innovative credit products to businesses and individuals across the country. Through its proprietary digital loan underwriting and origination expertise, it has been able to deliver financing solutions to vast sections of the economy traditionally underserved by large financial institutions.
Capital Float has developed partnerships to finance SMEs across various ecosystems such as e-commerce, manufacturing supply chains, retail, travel and hospitality, and digital remittances. Capital Float has also partnered with over 250 companies to offer finance to consumers availing products and services in segments such as education, vocational training, wellness, elective healthcare, home furnishings, electrical equipment, lifestyle, travel, fitness and consumer durables.
Capital Float's investors include SAIF Partners, Sequoia India, Aspada Investments, Creation Investments Capital Management LLC, Ribbit Capital, Amazon and others. The company raised $15M in equity funding on Apr 10, 2020. This brings Capital Float's total funding to $132M to date.