What is Drip/C?
Drip/C provides buyer finance solutions, offering a low-cost line of credit accessible to importers and traders with a single click. This service empowers Small and Medium-sized Businesses (SMBs) to secure additional working capital at a reduced cost, thereby enhancing their cash flow. The company's offerings enable businesses to invest in technology, expand inventory, acquire new customers, manage seasonal demands, and penetrate new markets, ultimately accelerating sales growth and overall business expansion.
How much funding has Drip/C raised?
Drip/C has raised a total of $378M across 7 funding rounds:
Series A
$15M
Series B
$25M
Series C
$40M
Debt
$135M
Private Equity
$23M
Debt
$90M
$50M
Series A (2018): $15M with participation from Accel
Series B (2019): $25M led by Sequoia India, Accel, Y Combinator, and Wing Venture Capital
Series C (2021): $40M supported by Sequoia, Accel, Irongrey, TI Platform, GC1 Holdings, and Wing
Debt (2021): $135M featuring Barclays Investment Bank and East West Bank
Private Equity (2024): $23M backed by GMO Payment Gateway and Sumitomo Mitsui Banking Corporation
Debt (2024): $90M with participation from International Finance Corporation and East West Bank
(2025): $50M led by TD
Key Investors in Drip/C
GMO Payment Gateway
GMO Payment Gateway is a leading provider of payment and financial services, supporting over 150,000 merchants. They offer comprehensive payment processing, value-added services, and fintech-driven funding solutions, aiming to build secure and convenient payment infrastructure globally.
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation is a major financial institution with a global presence, offering a wide array of services including retail banking, corporate banking, investment banking, and securities. They are a core entity within the Sumitomo Mitsui Financial Group.
Sequoia India
Sequoia Capital India is a prominent venture capital firm that invests across all stages of company growth in India. They actively partner with entrepreneurs to build market-leading businesses, with a significant track record in the Indian startup ecosystem.
What's next for Drip/C?
The recent major strategic investment in Drip/C signals a pivotal growth phase for the company. This influx of capital is expected to fuel further innovation in their buyer finance solutions and expand their market reach. Strategic partnerships and continued investment in technology will likely be key priorities as Drip/C aims to solidify its position and capture greater market share in the competitive fintech sector. The company's trajectory suggests a focus on scaling operations and enhancing its value proposition for SMBs.
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