CosmicTaco

InCred CFO Vivek Bansal Quits to Launch Fintech Startup with Kotak's Sunil Daga

CosmicTaco · 2024-09-09T10:14:11.937629+05:30

- Vivek Bansal, InCred CFO, and Sunil Daga, Kotak President, are launching Saarathi Finance, an MSME-focused NBFC. - Both are serving notice periods and seeking Rs 600 crore in equity funding for the venture. - Saarathi Finance, registered in August, has applied for an NBFC license with the RBI. - The company aims to provide secured loans to MSMEs and unsecured personal loans via a digital-first super app. - Bansal and Daga bring extensive experience in banking and SME lending to the new venture. Source: [Moneycontrol](https://www.moneycontrol.com/technology/mc-exclusive-incred-cfo-vivek-bansal-quits-to-launch-fintech-startup-kotak-president-sunil-daga-set-to-join-article-12817241.html)

Vivek Bansal, InCred CFO, and Sunil Daga, Kotak President, are launching Saarathi Finance, an MSME-focused NBFC.
Both are serving notice periods and seeking Rs 600 crore in equity funding for the venture.
Saarathi Finance, registered in August, has applied for an NBFC license with the RBI.
The company aims to provide secured loans to MSMEs and unsecured personal loans via a digital-first super app.
Bansal and Daga bring extensive experience in banking and SME lending to the new venture.

Source: Moneycontrol

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