BENGALURU: Debt recovery and legal automation platform, Credgenics, on Tuesday said it has raised $25 million as a part of its Series A funding round led by Westbridge Capital, Tanglin Venture Partners, and Accel Partners. The funding comes after the startup had raised $3.5 million as a part of its pre-Series A funding in November last year. New Delhi-based Credgenics manages over Rs1,580 crore of debt on its financial platform at present. “We’re delighted to foster a new relationship with the Credgenics team. Currently, the Credgenics team comprises of 150 members, and it collaborates with more than 2200 legal counsels pan India for late stage delinquencies.

Source: Mint August 10, 2021 06:45 UTC