Tag: India

In-store payments app Perpule has secured $650,000 in Seed funding led by Kstart a sister company of VC Kalaari Capital.

Enterprise payments service Airpay has picked up $3.6m as part of its Series A. Kalaari Capital led the round for the Mumbai-based company.

The Mumbai-based payments service was acquired by the e-commerce giant in April 2015 for $400m and competes with in the region with Alibaba-backed Paytm.

There’s more investment going into Indian financial inclusion-focused lending platforms with Fincare picking up a $75m round.

Indian digital lending and financial wellness startup CreditMantri has raised $7.6m in its Series B round. The investment was led by Quona Capital.

Payments network Ingenico is acquiring Indian electronic payments provider Tech Process. The financial terms of the deal are undisclosed.

SME lender Loan Frame has picked up $2.25m in a seed round led by Vedanta Capital.

Indian mobile payments and financial services startup instantPay has raised about $5m in a pre-Series A round of funding. The capital comes from RB Investments and Kaleden Holdings.

Indian real estate marketplace NoBroker has raised $7m in new funding led by Korean investor KTB Ventures. The funding is an extension of its $10m Series B round.

Indifi Technologies has raised $10m in a new round of funding led by Omidyar Network. The New Delhi-based company aims to help MSMEs to secure loans.