Mumbai, Maharashtra May 17, 2018 (Issuewire.com) - Medikabazaar, an online B2B marketplace for supplies of medical products to hospitals and medical establishments, today announced that they have tied-up with Capital Float for online purchase finance in Mumbai, India. This tie-up is a significant step for Medikabazaar to tap into a customer segment that is looking for finance options for online purchases for medical devices and equipment.
Capital Float will help Medikabazaar customers to easily finance their purchases through an unsecured loan with easy documentation and instant approval. Now it will be possible for doctors and medical professionals to get working capital finance without pledging collateral and at competitive interest rates. By availing Doctor Loans from Capital Float, the borrower can receive funds up to INR 20 lakhs. This finance option will be available for customers in metro cities like Mumbai, Bengaluru, Delhi NCR, Kolkata, Hyderabad and Chennai. It will be available in other cities over a period of time.
MrVivek Tiwari, Founder and CEO of Medikabazaar stated ‘We are delighted to announce that we have partnered with Capital Float to help our customers get collateral-free finance with easy documentation. This partnership will help strengthen our foothold in the healthcare industry.’
“We have entered into a strategic partnership with Medikabazaar because we see immense potential in this seemingly unorganized sector,” said Mr RN Murthy, Chief Sales Officer, Capital Float. He further added “Doctor Loans is a highly customized product for a fragmented segment seeking tailor-made credit solutions. With industry-leading turn-around-times for loan disbursement and our proprietary underwriting algorithms, we believe that this product can have an immediate impact on a high-potential but under-served borrower segment.’”
About Medikabazaar: www.medikabazaar.com is India’s largest online marketplace of medical products and medical supplies. It offers a host of services beyond product procurement to the hospital and medical establishments. Medikabazaar is a one-stop destination for all medical products and supplies needs. It helps its customers in choosing the right medical products, ensuring seamless and timely supply and post-sales services to help them start using products instantly. Medikabazaar brings vast experience in providing medical product consultation and supply. Hospitals, nursing homes, clinics across India and beyond can conveniently browse through and purchase from the website. Medikabazaar is owned and operated by Boston Ivy Healthcare Solutions Pvt. Ltd., Mumbai.
About Capital Float: Capital Float is the pioneer of digital lending in India. The company 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 model, it has been able to deliver financing solutions to large sections of the economy traditionally underserved by large financial institutions. It has also developed partnerships to finance SMEs across various ecosystems such as e-commerce, manufacturing supply chains, retail, travel and hospitality, and digital remittances.
Founded in 2013, Capital Float is the trade name for Zen Lefin Private Limited, a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India. The company has raised funding from marquee investors such as SAIF Partners, Sequoia India, Aspada Investments, Creation Investments Capital Management LLC, Ribbit Capital, and Amazon. Capital Float is headquartered in Bangalore, with offices in Mumbai, Delhi NCR and other cities.
For more information: www.capitalfloat.com
Media Contact
Medikabazaar dipankar.chatterjee@medikabazaar.com 7710003240 38/298 Anand Nagar, Vakola, Santacruz (E), Mumbai 55 http://www.medikabazaar.com
