Together with Capital Float, eBay hopes to provide its seller-partners with that much needed shot of capital to help them win in a highly competitive market, the companies said in a statement.
Sellers from across the country can avail collateral-free finance from Capital Float ranging from Rs 1 lakh to Rs 1 crore at industry-competing interest rates.
"eBay India has been at the forefront of creating tools that have enabled business growth for its sellers, irrespective of their size.
Sashank Rishyasringa, co-founder of Capital Float, said: "It has been only a few days since our alliance with eBay was formalised and we have already disbursed loans of close to Rs 10 crore to sellers on eBay".
Other e-commerce players like Snapdeal, Flipkart and Paytm have also forged similar partnerships to enable SMEs procure loans in a hassle-free manner.