Money View, an online credit lending platform located in Bengaluru, has raised $75 million in its current Series E round of fundraising led by Apis Partners, a UK-based asset management business that invests in early-stage companies. Tiger Global, Winter Capital, and Evolvence were among the other investors in the round. The fintech business is now … Read more
DBS Bank India announced its partnership with Gofrugal Technologies Pvt. Ltd., a seller-centric platform offering Omnichannel ERP solutions. The company empowers enterprise customers, including micro, small and medium enterprises and retail merchants, to adopt Open Network for Digital Commerce (ONDC) and enables them to expand their digital commerce footprint. The partnership furthers DBS Bank India’s … Read more
TruCap Finance Limited (TRU) has announced a binding agreement to raise up to Rs. 105 Cr (nearly US$13.1 million) in a combination of equity shares, convertible warrants, and non-convertible debentures from Zeal Global Opportunities Fund. The fund raise would comprise of Rs. 80 Cr of equity and convertible warrants, while up to Rs. 25 Cr. would … Read more
MoneyyApp, a Fintech platform empowering small businesses, digital native solopreneurs and creators in India, has raised an undisclosed amount in pre-seed round from AngelList Early Stage Quant Fund. MoneyApp would use the funds to expand its operations, increase product development and create awareness around the app to get more creators and solopreneurs into its network. … Read more
Mumbai-based Private Equity Fund Xponentia Capital announces investment in Fintech start-up Zype mentored by industry veteran Vivek Vig. Zypeis a new-age FinTech platform which aims toimprove accessibilityto credit for millennials and help them develop sustainable financial habits. Zype’s management team is led by Yogi Sadana – Founderand CEO,who has deepFintech experienceand has held several leadership … Read more
SanKash, the fastest-growing travel fintech offering financial services to the travel market, today announced its plans to hire 500 professionals in India, over the next six months. All these hirings will be to fuel SanKash’s sales and operations feet on the street capability to cater to its existing travel merchant base of 6000 spread across 250+ cities and increase its ground presence at … Read more
IppoPay Technologies, a verticalized payments infrastructure company, said in a statement that it has acquired the business of Roamsoft Technologies Pvt Ltd, a fintech focused IT products and services company located in Tamil Nadu, for an undisclosed amount. Roamsoft, headquartered in Chennai, is primarily engaged in the business of developing products and providing technology services … Read more
Cosmo First Limited announced today yet another buyback of fully paid-up equity shares through a tender route from the existing shareholders on a voluntary and proportionate basis. The buyback price is fixed at Rs 1,070 per share (face value Rs 10 per share) representing a premium of 42% over the closing price as on Nov 28th, 2022 … Read more
Kotak Mahindra Bank Limited today announced that it will be providing finance to dealers onboarded on actyv.ai, an AI-powered enterprise SaaS platform. KMBL will provide short-term finance under the ‘Buy Now, Pay Later’ category for working capital needs of dealers. Sunil Daga, President & Head – Business Banking Assets, Kotak Mahindra Bank said, “Small business … Read more
MY3DMeta a 3D Modelling tech company, secured an investment of over Rs. 10.5cr from The Chennai Angels, Dholakia Ventures, AccelNest, Karn Nagpal, Badri Raghavan, IIT-IIM Angels, Hyderabad Angels, and others. MY3DMeta plans to utilize the fund for building tech, IP, and business development. Founded in 2016, MY3DMeta is making cutting-edge progress in 3D modelling with … Read more
Moneyboxx Finance Limited- a BSE-listed NBFC that provides small-ticket business loans to micro entrepreneurs in Tier-III cities and below, secured INR 50 crores term loan from SBI for a period of 4 years. The company will utilize the funds for onward lending to the micro-entrepreneurs in the agricultural and allied sectors. This loan from SBI, along with … Read more
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced the launch of a new financial services advisory capability in India. Capco, a Wipro company, will supplement Wipro’s presence in the Indian financial services sector through its business in Mumbai to jointly offer end-to-end transformation services for this sector. … Read more
SphitiCap – an early-stage sector agnostic fund today announced their second investment portfolio with $11.5 Million Series A Funding in PayVEDA. PayVEDA is a leading solution-oriented fin-tech player bridging the financial gap (banking &non-banking) in underserved regions of India. The company’s promising growth, the pipeline of strategic acquisitions, and the near plausibility of an Initial … Read more
Motilal Oswal one of India’s largest financial institutions has funded a sum of ₹ 260 Cr. in Urbanrise – Alliance Group, South India’s largest Real Estate developer for the company’s upcoming three major projects in Bangalore and Hyderabad. The funds were raised towards three upcoming projects – 30 acres villa project on Kanakapura Road, Bangalore, the 7 acres high-rise apartment project in Whitefield, Bangalore and the 17.5 acres of high-rise apartment project in Nizampet, Hyderabad. The total saleable … Read more
Kinara Capital, a fast-growing fintech for India’s small business entrepreneurs, today announced closing a fresh equity round of INR ~200 crores led by British International Investment (BII), the UK’s development finance institution and impact investor. Existing equity investors Nuveen and the ASN Microkredietfonds advised by Triple Jump also participated in this round. This equity investment will … Read more
LoanTap announced the launch of India’s biggest electric two-wheeler online marketplace. With the presence of India’s top brands and over 1000 dealers in one place, customers will have a wide range of options to choose from. They can check out the features and pick the bike of their choice without worrying about funds. In the … Read more
