100 crore worth of loans to over 1,200 merchants over the last one year, ShopClues said in a statement. Ltd) on Tuesday said it plans to disburse Rs.5,000 crore worth of loans to merchants selling on its platform under its financing initiative Capital Wings. Under this initiative, sellers are offered working capital loans at low interest rates and customized solutions for repayment and prepayment of loans. In the last over one year, Capital Wings has disbursed Rs.100 crore worth of loans to over 1,200 merchants, ShopClues said in a statement. Capital Wings was launched with the intent of making working capital available for merchants with flexible equal monthly instalments options.

Source: Mint August 23, 2016 10:23 UTC