Lendingkart ties up with Voonik for easy loans to merchants.Ahmedabad | RNW | By Vishal Dutta, ET Bureau | 4 Feb, 2016, 03.32 AM IST.
Lendingkart, a startup backed by Mayfield Fund and Saama Capital that's engaged in online lending for entrepreneurs, joined hands with Voonik, a fashion marketplace for women. Through the association, Lendingkart will help sellers avail easy and collateral-free short-term working capital loans As an online retail marketplace, Voonik has more than 6000 merchants selling their products online. It has over 7 million registered users and 5 million app downloads according to a company statement. Harshvardhan Lunia, Co-Founder & CEO, Lendingkart said, "Voonik has a huge customer base and sometimes their selling partners face hurdles in fulfilling sudden demands of their products due to lack of working capital. Through this tie-up, we have attempted to simplify the process of loan disbursement and made working capital fund accessible to merchants via our affiliated NBFCs."