Fintech startup EarlySalary raises ₹5 cr from IFMR Capital

Pune-based fintech startup EarlySalary has raised ₹5 crore debt financing from non-banking finance corporation IFMR Capital. In May, EarlySalary raised ₹28 crore in equity funding in Series A funding round that saw participation from IDG Ventures India. Founded in 2015 by Akshay Mehrotra and Ashish Goyal, EarlySalary provides salary advances and has operations in eight cities including Mumbai.