raises Archive

Cash Suvidha raises a debt of $2.7 million

New Delhi, December 15, 2017: Delhi-based startup FinTech, Cash Suvidha, trade name of Usha Financial Services Pvt. Ltd., which extends business loans to SMEs, MSMEs, women entrepreneurs & personal loans to individuals, has raised an institutional debt of $2.7 million from various financial institutions since its inception in 2016. The company provides a variety of

Mobycy, India’s first dockless bicycle sharing startup launched; Raises half a million dollars in seed funding to escalate operations

 The Green Tech startup, Co-founded by ex-Marketing Head of Mobikwik, aims at making India a greener, fitter cycling nation New Delhi, December 5, 2017: Driven to solve the growing pollution menace and traffic congestion on roads, Co-Founders Akash Gupta and Rashi Agarwal have launched Mobycy – India’s first dockless bicycle sharing app. Mobycy is the

Lendingkart Technologies raises INR 70 crores (USD 10.51mn) in Equity

~This round was partaken by Sistema Asia Fund and current investors – Bertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management~ Wednesday, 6th September, 2017: Lendingkart Technologies today announced that it has raised INR 70 crores (USD 10.51mn) in the form of equity funds. Singapore-based Sistema Asia Fund along with current

Mobikon, Leading Marketing And Customer Engagement Platform For F&B Industry, Raises $7 Million In Series B Funding

  Round participation by a three-member investor consortium – Sistema Asia Fund (SAF), C31 Ventures (Singapore) and Qualgro & participation from the existing investors, i.e.- Jungle Ventures & Spring Singapore Funds to be deployed by Mobikon in scaling up its operations rapidly across India, South East Asia and Middle East. Mobikon currently has presence in

Lendingkart Finance raises $10 million in a Fresh Round of Debt Funding

~Kotak Mahindra Bank, Aditya Birla Financial Services, and few others have participated in this round~ August 3, 2017: Lendingkart Finance Limited, today announced that it has raised $10 million (INR 67 crores) debt fund from Kotak Mahindra Bank, Aditya Birla Financial Services and other financial institutions. As the company expands its reach to over 700

Epigamia [Drums Food International] raises Series B funding of 90 Crores

Funding round led by Verlinvest and DSG Consumer Partners with participation from InnoVen Capital     July 7, 2017 (Mumbai) – Drums Food International, the parent company of Epigamia Greek yogurt, announced a Rs 90 Crore Series B financing. The round was led by Verlinvest, a Belgium-based consumer focused private equity group created by the founding

Speaking pictures social network VoxWeb raises US$ 1 Million to fuel growth

National, June 23, 2017- VoxWeb, a mobile-first special-purpose social network around “speaking-pics”, has raised US$1million from individual investors. Successfully concluding its third round of funding, VoxWeb promoters and employees will continue to hold 80% ownership rights and 100% voting rights. The funding will be deployed to strengthen backend technologies and to add innovative and engaging

Goodera Raises $5.5 Million in Series A Funding Led by Nexus Venture Partners and Omidyar Network

 Bangalore, June 14 2017: Goodera, a global CSR & Sustainability Management technology platform, co-­‐headquartered in Bangalore and Menlo Park, today announced its Series A round of funding of $5.5mn from Nexus Venture Partners and Omidyar Network. Varsha Rao, previously Head of Global Operations at Airbnb also participated in this round along with other prominent angels.

AYE FINANCE RAISES $8 MILLION FROM BLUE ORCHARD

  New Delhi, 25 May, 2017: Aye Finance, a non-banking finance company (NBFC) committed to transforming micro and small enterprise financing in India, has raised $8 million from Blue Orchard, a leading global impact investment manager. The funds were raised through NCDs (non-convertible debentures) with a maturity period of five years Aye Finance is headquartered

PaySense raises $5.3m in Series A led by Jungle Ventures with participation from Naspers and Nexus Ventures

Mumbai, May 18, 2017:  PaySense, India’s fastest growing digital credit platform, today announced their Series A funding of $5.3 million. The round was led by Jungle Ventures with participation from Naspers Group and Nexus Venture Partners.  The company had raised an earlier round of investment of $2.3 million led by Nexus Venture Partners and prominent