“In 2017, in its first year of operation Eupheus Learning, a startup bootstrapped by 45 ex-Britannica employees, was looking for working capital financing. Getting working capital financing in the very first year can be challenging for any startup in India. However, Saurabh and team SMENiwas were quick to see the potential of the business that we were growing for classroom and home learning. SMENiwas’ venture debt support at the opportune time helped us complete the year successfully with a revenue in excess of USD 3.4 Mn, and thereafter secure equity financing. SMENiwas continued their support with another round of funding through their NBFC in 2019. This continued support will be remembered as a cornerstone for Eupheus”
Sarvesh Shrivastava, Managing Director & Co-Founder
We were pleasantly surprised since the day we started the debt process with BIFCO. Saurabh and his team came with rich functional experience that made the whole process seamless. Their management engaged regularly with our teams and ensured full support during the funding process. Their competitive pricing and speed of execution has been instrumental in us meeting our project costs and deadlines successfully. Wishing them success in all their future endeavours!
Raymond Andrews, Managing Director & Founder