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#Exclusive: Mumbai-based trade financing startup Vayana Network is raising $20 Mn (INR 170.8 Cr) in its Series D funding round

As per the startup's filing with the Ministry of Corporate Affairs (MCA), the round is being led by new investor SMBC Asia Rising Fund, which is infusing around INR 62.6 Cr.

The round will also see participation from Jungle Ventures, Chiratae Ventures, International Finance Corporation (IFC), Deep Financial, among others. Inc42 has learnt from sources that this is a tranche of the startup's ongoing Series D funding round.

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Vayana Network Funding $20 million Startup Funding venture capital private equity Investment B2B fintech supply chain finance invoice discounting working capital solutions business loans SME financing Indian startup Fintech News Financial Inclusion digital lending cash flow management trade finance invoice financing accounts receivable financing.