Origa Lease Finance (1), a lease tech startup, has secured 2 million USD debt funds from several investors. The firm has secured fundings by issuing NCDs, Non-convertible Debentures to many investors.
The startup claims that it assists small and medium enterprises (SMEs) in increasing their business capacity. Origa offers them equipment leasing and solutions for its lifecycle. It gives complete MCLM, Asset Life Cycle Management, including asset selection, finance, and recycling at the end of the tenure.
India’s First Startup to Offer Asset Leasing Solutions
Origa Lease Finance claims that it is the first startup of India that offers asset leasing solutions to SMEs. The company added that its proprietary technology assists them in aggregating a large market in the B2B space. It gives a one-stop solution to its consumers and addresses all their needs regarding equipment and working with healthcare establishments and MSMEs.
Shrirang Tambe, the Founder and CEO of Origa Lease Finance stated that the investors show their strong belief in its unique business model. It solves real-world problems on the ground.
He further added that the startup is a thought leader when it comes to leasing the micro-enterprises. It provides high-quality equipment and other related services to organizations. The movement will significantly impact the ground, including financial inclusion, capacity building, and increased productivity.
Origa Aims to Become India’s Largest Leasing and Equipment Solutions Company
The brand claims that the fresh infusions would help boost its aim to be India’s largest leasing and equipment solutions company. In 2018, the Mumbai HQ company raised an undisclosed amount from Elevar Equity. It had raised 1.1 million USD from ah! Ventures and others in 2015.
The current pandemic has offered a massive opportunity for Origa under Make in India. There is more emphasis on the local manufacturing, healthcare, and infrastructure. It has become a necessity for small businesses from tier II and III cities.