Arogga Limited announced that it has received $1.3 million in funding from Ratio Ventures, Sketchnote Partners, Srb Ventures Ltd, IDLC Finance Limited and other investors
April 07, 2022
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Arogga Limited announced that it has received $1.3 million in its Seed round of funding on April 7, 2022. The transaction included participation from new investors, Hyper, Ratio Ventures, Sketchnote Partners, SRB Ventures, IDLC Finance Limited, Julian Shapiro, and other Silicon Valley super angels. The company has received $1.6 million in funding till date.
IDLC Finance PLC is a Bangladesh-based multi-product, multi-segment non-banking financial company. The Company's segments include Core financing business, Investment banking business, Brokerage business and Asset management business. Its products and services include small and medium enterprise (SME) loans, corporate loans and consumer loans. Its SME loans include Term Loan, Shampad (SME Lease), Working Capital Loan, Utshob (Seasonal Loan), Abashan, and Shombhabona (New Entrepreneurs Loan). Its corporate loans include corporate, supply chain finance, structured finance and green finance. Its consumer loans include home loan, car loan and personal loan. Its subsidiaries include IDLC Securities Limited, IDLC Investments Limited and IDLC Asset Management Limited. IDLC Investments Limited provides various services, including investment banking services, cap-invest (non-discretionary portfolio) and discretionary portfolio management (DPM). The Company has a presence in over 24 cities.
Arogga Limited announced that it has received $1.3 million in funding from Ratio Ventures, Sketchnote Partners, Srb Ventures Ltd, IDLC Finance Limited and other investors