Origa Lease Finance Secures 2 Million USD in Debt

The lease tech startup, Origa Lease Finance, has recently secured 2 million USD in debt. The firm has issued NCDs, Non-convertible Debentures to many investors. The startup offers leasing solutions to SMEs that would help businesses to improve their capacity. Origa has previously secured fundings from Elevar Equity and other ventures and high-profile investors.

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.  

+ posts

Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Rucha Joshi
Rucha Joshi
Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Garima Johar (Team TimesNext) with LOH Pizza Founder - Tej Singh

If You Haven’t Checked Out LOH Pizza, Patiala; You Really Should Now

“THERE’S NO BETTER FEELING IN THE WORLD THAN A WARM PIZZA BOX IN YOUR LAP.” - Kevin James. Don't we all love pizza? Well, most of...
Last evening, PUBG Corporation, the gaming corporation that gave the world, the hit arcade game, PUBG, had stated server closure.

Is the ban on arcade games in India going extreme?

India has always been the place for many controversies, and one of them is how the government deals with games. In a sense, games...
Fantasy Sports like Dream11 and MPL are booming in India. Even though the game of skill is still in the grey area for Indian regulations.

The Boom of Online Fantasy Sports in India

Over the past few years, sports in India have observed tremendous growth in the segment, thanks to Online Fantasy Sports. However, being a cricket...
Globally, the Smart Phone industries are pulling up into India due to the vast potential Market that the Indian Consumers provide to their sales.

PLI Scheme: The Make in India Solution?

Since the 2014's victorious election for the BJP, PM Narendra Modi (1) has been trying to implement the Make in India strategy. A Strategy...
The 30% cut applied for in-app purchases, and a virtual monopoly in several verticals by Google, has incensed India's entrepreneurs and app developers.

Paytm Vs. Google Feud: Is it Time for India to Regulate App Stores?

The Android Play Store by Google took down the Paytm application on September 18, 2020, on allegations that it promotes games that are against...
The World electric motor company, Tesla, is now finding its way to automate the largest automotive industry in the World, India.

Upgrading Indian Automation: A Tesla 2021 Reality?

Tesla is the leading automotive company in the World at the moment. Its meteoric rise is unparalleled. Striking chords with advancing technology and consumer...
Team Gridfree Solar

Gridfree Solar: Paving the way towards a sustainable future

As industrialization increasingly depletes the energy resources of the planet, it is the need of the hour to resort to more productive sources of...
The Tata Sons versus Mistry legal parade is unfolding before the Supreme Court. It is one of the most closely-observed corporate battles.

Tatas and Mistrys: The Corporate Battle of the Century

In December 2012, the legendary chairman of Tata Sons (1), Ratan Rata, the holding entity that oversees the enormous and sprawling Tata Empire, retired...