Instamojo disburses ₹110 crore in small loans to MSMEs within a year
The company currently has over 900,000 merchants on its platform
Most MSMEs avail small loans of up to ₹20,000 from Instamojo for keeping their inventory in tune with incoming demand
Bengaluru: Instamojo Technologies Pvt. Ltd, a payment platform that caters to micro, small and medium enterprises (MSMEs), has disbursed around ₹110 crore worth of ‘sachet loans’ worth ₹10,000-12,000 to MSMEs, within 12 months after the launch of this service, according to a top company executive.