Capital Float, an Amazon-backed startup that offers its buy now, pay later service on many popular online platforms in India including that of the e-commerce firm, said on Tuesday it has raised $50 million in a new financing round following a strong growth in recent quarters.
Lightrock India led the Bangalore-based startup’s Series D financing round, which brings the seven-year-old firm’s all-time raise to over $200 million (more than half of which is in debt). Existing investors Sequoia Capital India, Ribbit Capital, Creation Investments as well as high-profile entrepreneurs David Vélez of Nubank, Kunal Shah of CRED and Amrish Rau …
