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eShopbox Ties-up with Pinnacle Capital to Offer its Clients Easy Access to Working Capital Loans

Jun 08, 2015   20:43 IST 
New Delhi, Delhi, India

Today eShopbox announced that it has partnered with Pinnacle Capital (PinCap), to offer its clients growth by giving them quick and easy access to funds or Working Capital loans. eShopbox is an on-demand ecommerce technology and services company and with this initiative they have ensured their clients will get maximum chance to succeed in competitive environment of Fashion eCommerce.

This is an initiative as a part of our commitment towards our client success. It will help our clients a lot to scale up. They will have Immediate cash in hand to invest on growth (eg. expand production capacity or to pay for raw materials on time)”, said Dheeraj Gandhi, VP Product development and Business Strategy at eShopbox.

Here eShopbox is offering its esteemed clients an opportunity to take their business to the next level with data and technology to provide a tailored credit solution that meets the needs. The capital is granted to eligible eShopbox clients in minutes. Maximum allowed amount decided on the basis of inventory stored with eShopbox and historical monthly sell through percentages. The best thing about this whole process is there are no hidden charges, and no penalties early settlement of the full loan. The borrowed amount is repaid in easy and friendly installments as per prior agreement.

PinCap is glad to partner with eShopbox and supports this initiative to help its clients grow. Our customised 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 at Pinnacle Capital.

PinCap with its friendly guidelines and a no collateral required policy, does not require multiple documents for the fund sanctions. They are transparent and their pricing structure will be unambiguous ensuring the peace of mind of the borrower. They have rich experience in Indian ecosystem for both as entrepreneurs and as NBFC, and understand the real struggles a Fashion Brand in eCommerce arena would face.

Pinnacle Capital’s investment in Working Capital is another demonstration of eShopbox’s commitment to support and encourage Indian Fashion Brands who wants to go global, which make such an essential contribution to the India economy, by providing them with innovative solutions and technology to expand their businesses.

About eShopbox:

eShopbox is an on-demand ecommerce technology and services company. They drive ecommerce for fashion brands and help them provides an unique, brand-centric experience to their customers. eShopbox is led by experts with a unique combination of skill sets including technology, order fulfillment and marketing. The team brings together these capabilities and collaborates with emerging brands to deliver rich eCommerce action. Company Website: http://www.eShopbox.com/

 

About Pinnacle Capital:

Setup in 1995, Pinnacle Capital Solutions Private Limited (www.pincap.in) is a private limited firm operating as NBFC (Non-Banking Financial Corporation) registered with RBI. Pincap has recently forayed into offering financing solutions to ecommerce and retail industry. With deep understanding of the sector, Pincap already has strategic partnership one of the largest fashion portals in the country. It also has several major international brands as its customers, supporting them across online as well as offline retail businesses. The firm understands the needs of entrepreneurs’ very well, basis rich 20 years of existence and interactions with young entrepreneurs. Company Website: http://pincap.in/


 
 
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