B2B Packaging Solutions
Equity capital was deployed in working capital requirements thereby limiting its deployment for growth initiatives.
Limited run way before the culmination of follow-on equity round
Our analysis indicated that the existing cash runway could be extended by raising on-balance sheet debt and funding large pool of vendors through off balance sheet supply chain solutions, thereby effectively replacing equity deployed in working capital with debt.
Total funding facilitated ~USD 8mn covering the following:
Off-balance sheet vendor financing limits
Working capital demand loans mapped to the working capital cycle