India: Lenders eye e-commerce through vendor financing

India: Lenders eye e-commerce through vendor financing

Photo by arztsamui. Image ID: 10083228 Freedigitalphots.net

On Monday, India Infoline Finance Ltd, a non-banking finance company (NBFC), and Snapdeal, an online marketplace, announced a partnership under which the former will offer working capital loans to registered suppliers of the latter within three minutes under a so-called “capital assist programme”.

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