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TapFin Secures $4 Million to Fuel Green Financing Solutions in India

TapFin, a young company aiming to revolutionize India's transition towards a sustainable future, has secured $4 million in a seed funding round led by Elevar Equity.

Founded in 2023 by Terniza Berry, Aditya Singh, and Pramod Marar, TapFin plans to utilize the raised capital for:

  • Market Expansion: Broadening their reach beyond major cities and into tier 2 and 3 regions, where significant potential lies.

  • Talent Acquisition: Hiring highly skilled individuals to bolster their team.

  • Technological Advancements: Investing in further development of their technological and data-driven platform.

  • Service Diversification: Expanding their service offerings to cater to a wider range of sustainability needs.

TapFin's core mission is to establish a comprehensive platform that simplifies and streamlines sustainability efforts across India.

Demand Aggregation connects potential customers with businesses offering sustainable solutions, Market Linkages facilitates connections between various stakeholders within the sustainability ecosystem. OEM Selection guides customers in selecting suitable Original Equipment Manufacturers (OEMs) aligned with their sustainability goals. This multifaceted approach empowers Micro, Small, and Medium Enterprises (MSMEs) and startups to leverage sustainability as a springboard for economic growth.

India's clean mobility sector is experiencing phenomenal growth. The market is estimated to be valued at $34.80 billion in 2024 and is projected to reach a staggering $110.74 billion by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 26.05%. This growth is primarily fueled by tier 2/3 cities and urban centers.

With the newly acquired funding, TapFin is poised for strategic expansion. Geographic Reach: Extending their presence beyond metros and into tier 2 and 3 cities to capitalize on the untapped potential in these areas.

Service Diversification: Venturing into other sustainability verticals such as solar energy and renewable technologies.

Farias further emphasized his belief in the founding team's capabilities: "We have invested in a team with a clear vision, unwavering conviction, and the diverse skillset required to build a successful sustainability-focused distribution model. This model prioritizes inclusivity, affordability, profitability, and impactful growth. Our investment aligns perfectly with Elevar's mission to support the entrepreneurial potential of underserved communities."

TapFin's strategic approach and focus on financial inclusion position them as a key player in propelling India's sustainable future. By empowering businesses and individuals, TapFin is paving the way for a greener and more sustainable India.


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