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Helping Indian fashion houses go global

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Sonal Desai
New Update
eShopbox pincap partnership

MUMBAI, INDIA: In a bid to help Indian fashion houses go global, eShopbox, an on-demand e-commerce technology and services company, and Pinnacle Capital (PinCap) have entered into a partnership.

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As per the agreement, PinCap will provide easy loans to fashion houses—customers of eShopbox, in a bid to aid their expansion plans.

The process:

The capital will be granted to eligible fashion houses in minutes. The maximum amount to be allotted will be decided based on inventory stored with eShopbox and historical monthly sales through percentages. The borrowed amount can be repaid in installments as per prior agreement.

As a result of its no collateral required policy, PinCap does not require multiple documents for the fund sanctions.

What the partners say?

“This is an initiative as a part of our commitment towards our client success. It will help our clients to scale up as they will have working capital to expand production capacity or to pay for raw materials on time,” said Dheeraj Gandhi, VP Product Development and Business Strategy, eShopbox.

“PinCap is glad to partner with eShopbox and supports this initiative to help its clients grow. Our customized financing products are suited for the e-commerce environment and provide a win-win environment for the merchant and the e-retailer”, said Simron Sharma, Head of Business Development, Pinnacle Capital.

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