Indel Money’s fund-raising plan gathers pace, ropes in banker

Deals Digest: PE/VC activity jumps on big-ticket transactions; M&As stay tepid


Indel Money’s fund-raising plan gathers pace, ropes in banker

Umesh Mohanan, Executive Director & CEO, Indel Money

Gold loan-focussed Indel Money’s plans to raise equity capital and receive an external institutional investor on its captable has gathered pace, a top official informed VCCircle.  

The non-bank lconcludeer is a subsidiary of holding company Indel Corporation, which is promoted by Mohanan Gopalakrishnan and Umesh Mohanan and which operates in ……

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