Pune-based digital lending startup LoanTap raises $8 million

Pune-based digital lending platform LoanTap has raised $8 million (around ₹57 crore) in its fifth fundraising round led by Bengaluru-based early-stage venture capital fund 3one4 Capital. The round saw participation from existing investors ShunWei Capital, Kae Capital, India Quotient, Tuscan Ventures and angel investor Ashish Goenka. LoanTap was founded in 2016 by Vikas Kumar and Satyam Kumar.