Debt relief platform FREED has raised Rs 60 crore (around $6.5 million) led by Aavishkaar Capital. The round also saw participation from existing investors Sorin Investments, Piper Serica and Sattva Ventures.
The new round comes after a gap of two years since its Series A funding of Rs 60 crore led by Sorin Investments and Multiply Venture and others. In May 2022, FREED raised $2.8 million in a pre-Series A round led by Inflection Point Ventures.
The fresh capital will be used to scale operations, expand into new geographies, strengthen underwriting and product capabilities, and deepen institutional partnerships.
Founded in 2020, FREED provides financial counselling, negotiated settlements and structured repayment plans through…