{"id":1166,"date":"2019-11-02T14:51:30","date_gmt":"2019-11-02T14:51:30","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/11\/02\/automobile-marketplace-droom-buys-nbfc-xeraphin-finvest-to-boost-lending-business\/"},"modified":"2019-11-02T14:51:30","modified_gmt":"2019-11-02T14:51:30","slug":"automobile-marketplace-droom-buys-nbfc-xeraphin-finvest-to-boost-lending-business","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/11\/02\/automobile-marketplace-droom-buys-nbfc-xeraphin-finvest-to-boost-lending-business\/","title":{"rendered":"Automobile marketplace Droom buys NBFC Xeraphin Finvest to boost lending business"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1752583 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/11\/cats-25.jpg\" alt=\"Droom,\u00a0NBFC Xeraphin Finvest,\u00a0Droom Credit,\u00a0IDFC First Bank,\u00a0Yes Bank,\u00a0Mannapuram Finance,\u00a0Hero Fincorp\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/cats-25.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/cats-25-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/cats-25-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/cats-25-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1752583 size-full\" src=\"https:\/\/images.financialexpress.com\/2019\/11\/cats-25.jpg\" alt=\"Droom,\u00a0NBFC Xeraphin Finvest,\u00a0Droom Credit,\u00a0IDFC First Bank,\u00a0Yes Bank,\u00a0Mannapuram Finance,\u00a0Hero Fincorp\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/cats-25.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/cats-25-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/cats-25-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/cats-25-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Droom Credit has already processed over 10,000 loans in last 12 months.<\/span><\/figure>\n<\/div>\n<p>Online automobile marketplace Droom on Saturday said it has acquired Xeraphin Finvest for an undisclosed amount, a move aimed at strengthening its lending arm Droom Credit. Droom Credit has already processed over 10,000 loans in last 12 months. Droom Credit marketplace has onboarded lending partners like IDFC First Bank, Yes Bank, <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/auto\/new-cars\/tata\/\" rel=\"noopener noreferrer\">Tata<\/a> Capital, Mannapuram Finance, Faircent, Hero Fincorp, Cashkumar and Lendbox, a statement said.<\/p>\n<p>\u201cXeraphin Finvest\u2019s acquisition will further bolster our capabilities in offering loans at a larger scale, ensuring maximum convenience and minimum hassles for our primary stakeholders, thereby building the narrative of success for Droom further,\u201d Droom founder and CEO Sandeep Aggarwal said. He added that the company has been working on leveraging its technological prowess to build an advanced marketplace for lending for used vehicles.<br \/>11021227<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Droom Credit has already processed over 10,000 loans in last 12 months. Online automobile marketplace Droom on Saturday said it has acquired Xeraphin Finvest for an undisclosed amount, a move aimed at strengthening its lending arm Droom Credit. Droom Credit has already processed over 10,000 loans in last 12 months. Droom Credit marketplace has [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-1166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1166"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1167"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}