India SME Investments invests 60 crores in KreditBee, personal loan app raised 507 crores in March

SIDBI-backed private equity fund India SME Investments has invested Rs 60 crore in its portfolio company KreditBee. With this it has expanded its portfolio in the Banking, Financial Services and Insurance (BFSI) segment.

This is the tranche of investment from the fund, which had invested Rs 28.4 crore in Krazybee Services in September 2019, in the online personal loan lending platform.