Nexus is happy to announce that one of its portfolio companies, Gurgaon-based BigDeals, has successfully raised $125,000 in debt financing. BigDeals will use the funds to launch and expand operations.
BigDeals, founded by Ashwin Chawla and Manoj Manohar, offers its product Escrowffer (www.escrowffer.com) to help property buyers and sellers in the real estate market by providing a neutral “escrow” account powered by ICICI Bank. This insures and protects both the buyer and seller till completion of the transaction.
The new round of debt financing comes barely one month after the fin-tech startup raised $35,000 from an angel investor.
The startup was one of 15 companies selected out of over 110 applicants to participate in the Nexus incubation program in New Delhi.
BigDeals co-founder Manoj Manohar