Media

Kochhar & Co. represented Online PSB Loans Limited (OPSB), a leading online lending platform in India, on its raising INR 500 million investment in latest round of funding from HDFC Holdings Ltd. (“HHL”), a wholly owned subsidiary of HDFC Ltd. and Trans Union.

Kochhar & Co. with its deep knowledge of the sector and investment laws represented OPSB by providing end-to-end transactional support on this investment. The matter was led by Senior Partner Ms. Anjuli Sivaramakrishnan and supported by Partner Mr. Anshuman Sahijpal.

OPSB is an Ahmedabad based online lending platform that meets the needs of an evolving lending ecosystem by facilitating borrowers – primarily Micro, Small and Medium Enterprises (“MSME”) and individuals enabling them to apply for a loan online and receive approval from leading banks and credit institutions. The investment proceeds will be utilized by OPSB for building technology platform, global operations, working capital requirements etc. to facilitate MSME and retail financing through best-in-class analytical capabilities, solutions and tech platforms. The investment will see both HHL and Trans Union take strategic minority shareholdings in OPSB.

Related media links:

Online PSB Loans raises ₹50 crore from HDFC Holdings and TransUnion – The Hindu BusinessLine

Ahmedabad-based Online PSB Loans raises Rs 50 cr from HDFC Holdings, TransUnion Strategic investment  – Navjeevan Express

Newsroom TransUnion India

Online PSB Loans raises ₹50 crore from HDFC Holdings and TransUnion – The Outreach News

Online PSB Loans raises ₹50 crore from HDFC Holdings and TransUnion | Elcasama