NeoGrowth Credit, a specialised lender to small and medium sized retailers, has raised ₹108 crore in a new round of funding from IIFL Wealth Management's Seed Venture Fund besides existing investors, which include Omidyar Network, Khosla Impact and Aspada.

Online lending platform Len dingkart raised ₹205 crore last month, while Capital Float raised ₹170 crore in May, underlining the interest in the space even as broader venture capital flow has come down in the first half of 2016.