Bansal’s investment also reflects his bullishness on debt investments, and is part of a series of debt deals he has made and is considering. Mint reported on February 29 that Bansal is planning to double down on the financial services sector and make a big play in the venture debt space. Bansal may allocate several hundred crores for venture debt deals and may look to route his investments through his newly formed holding company, BAC Acquisitions Pvt. This was also Milkbasket’s first debt fundraise, while it has raised about $16 million in equity so far. It last raised $7 million in December last year led by Mayfield Advisors, a US-based venture capital fund.

Source: Mint April 29, 2019 10:18 UTC