Titan Capital, a fund backed by e-commerce firm Snapdeal’s co-founders, has led a USD 300,000 investment round in the start-up Credgenics.
Headquartered in Delhi, Credgenics is essentially a debt resolution platform that uses artificial intelligence (AI) and data science, and helps emerging fintech lending startups, NBFCs, Banks & SFBs in their critical NPA reduction using ingenious tools
The company will utilise the funds for scaling operations to cover all the metro cities in India, an official statement said.
Credgenics was founded in 2018, by Anand Agrawal, Mayank Khera and Rishabh Goel. Its SaaS based collection platform is integrated with legal workflow and delivers customised strategies which helps creditors efficiently improve their NPA, geographic reach and customer experience.
Launched in 2016, Titan Capital has raised over US$ 4 billion in funds from 100+ institutional investors, sovereign wealth funds and family offices. Its portfolio startups includes over 70 companies in India and the US across consumer internet, direct to consumer brands, SaaS, AI and Computer Vision.
Titan Capital last invested when it led ₹2.2 crore funding round of online content-managing platform – Pepper Content, in February this year.