USA based Fintech Startup - MPOWER Financing

USA based Fintech Startup MPOWER Financing Received US$6Mn Funding Led By PE Fund Zephyr Peacock

USA based Fintech Startup, MPOWER Financing, has received US $6 Mn in a funding round led by PE fund Zephyr Peacock. Other investors who participated in this round included University Ventures, 1776 Ventures, Goal Structured Solutions, VilCap Investments, and Fresco Capital reported ET. MPOWER is a startup that works towards removal of financial barriers that might come up […]

Fintech Startup Lendingkart Acquires e-Lending Platform KountMoney

Fintech Startup Lendingkart Acquires e-Lending Platform KountMoney

Bengaluru based Fintech Startup, Lendingkart, has acquihired KountMoney which is an online lending marketplace for personal loans. This acquisition will enable Lendingkart Group to boost its technology and data analytics capabilities. It will also help the Group to broaden its service portfolio and develop more efficient and consumer-centric product offerings. Fintech Startup Lendingkart was founded in 2014, […]

FinTech Products Startup Affirm Inc

FinTech Products Startup Affirm Inc. Raised US$100M From Morgan Stanley

Fintech Products Startup Affirm Inc., which was founded by Nathan Gettings, Jeffrey Kaditz, and Max Levchin (Paypal co-founder) with an aim to disrupt the credit card industry and to deliver consumers honest financial products, in 2012, has raised US $100 million from investment bank Morgan Stanley. The raised capital will be used to pace to more than triple […]

Reserve Bank Of India RBI Norms For Overseas Startups

Reserve Bank Of India(RBI) Introduced New Draft To Facilitate Investments In Overseas Technology Funds

The Reserve Bank of India(RBI) introduced a new draft to facilitate investments in overseas technology funds which further deploy these funds to foreign startups. RBI is of the opinion that the current overseas direct investment policy does not meet the eligibility norms for making overseas direct investments under the automatic route. That is the reason […]

UPI Enabled Indian Fintech Startup-Trupay

UPI Enabled Indian Fintech Startup Trupay To Expand Into Mutual Funds, Insurance & Travel Payments

Indian Fintech Startup, Trupay, has launched a mobile payment app based on Unified Payment Interface (UPI). RBI, in conjunction with the National Payments Corporation of India (NPCI), recently launched the UPI payments platform in India. Unified Payments Interface (UPI) enabled Trupay is a digital financial technology app which is also looking to enter areas such […]

Early Stage Venture Fund - Pi Ventures

Early Stage Venture Fund Pi Ventures Raised USD$29M To Launch Its First Fund

An Early Stage Venture Fund, Pi Ventures, has raised USD $29 million (about INR 195 crore) to launch its first fund. Both domestic and international investors have been approached to participate in the fund. The raised capital will be used by the company to focus on startups at the idea stage or product-market fit stage. The […]

Venture Capital Firm - DCM Ventures

Venture Capital Firm DCM Ventures Raised USD$770M For Flagship, Early & Growth Stage Startups

US-based Venture Capital Firm, DCM Ventures, has raised USD $770 million for its various investment funds. Of this amount, $500 million will be used for DCM’s eighth flagship global investment fund, $100 million (A-fund) for early-stage startups, and $170 million (Turbo Fund) for growth-stage companies. DCM Ventures is a venture capital firm with over $2.8 […]

Foodtech Ordering Startup - Twigly

Foodtech Ordering Startup Twigly Raised USD$600K Seed Funding

Gurgaon based Foodtech Ordering Startup, Twigly, has raised USD $600K seed funding from Tracxn Labs, Hyderabad Angels, Freecharge founder Kunal Shah and Flipkart vice-president (engineering) Gaurav Bhalotia and other angels. The raised capital will be used to establish and grow Twigly’s presence. It will open two new kitchens in Delhi and one in Bengaluru during […]

Seed Capital Fund - WaterBridge Ventures

Manish Kheterpal Launched Seed Capital Fund WaterBridge Ventures With USD$15M For Startups

Private equity veteran Manish Kheterpal launched Seed Capital Fund named WaterBridge Ventures with a fund of USD $15 million (about INR 100 crore) for startups. It is a SEBI registered, early stage startups fund with initial focus on Seed and Series A funding in the technology startups. Seed Capital Fund WaterBridge Ventures will primarily look to […]

Startup Fund - Fund of Funds for Startups

Union Cabinet Led By PM Modi Approves INR 10, 000 Crore Startup Fund ‘Fund of Funds for Startups’

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the establishment of Startup Fund named “Fund of Funds for Startups” (FFS) at Small Industries Development Bank of India (SIDBI) for contribution to various Alternative Investment Funds (AIF), registered with Securities and Exchange Board of India (SEBI) which would extend funding support […]