Invoice Discounting Platform - KredX

Invoice Discounting Platform KredX Acquired NewYork Based Startup Hummingbill

Invoice Discounting Platform, KredX, acquired New York headquartered Accounts Receivables Management software startup Hummingbill for an undisclosed sum. This acquisition will help KredX to enhance its technological capabilities on Accounts Receivables side along with the addition of the talent pool from Hummingbill. KredX also aims to enhance its customer experience, optimize invoice delivery, tracking, follow-ups […]

Online Lending Platform - CreditMantri

Online Lending Platform CreditMantri Secures US$7.6Mn In Series B Funding From Quona

Online Lending Platform, CreditMantri, has raised US $7.6 million (about INR 51.4 crore) in a second strategic round of Series B funding from Quona Capital and others. The funding round was led by Accion Frontier Inclusion Fund, managed by Quona Capital along with Newid Capital and existing investors Elevar Equity, IDG Partners and Accion Venture […]

Online Payments Technology Firm - Fino Paytech

Online Payments Technology Firm Fino Paytech Raises INR 400 Crore For Payments Bank

Online Payments Technology firm and soon-to-be-launched payments bank, Fino Paytech, announced the completion of its INR 400 crore fund raising exercise. In the process the company has also complied with RBI’s guidelines on having majority domestic shareholding. Online Payments Technology firm Fino Paytech is a payments technology solutions provider to banks, financial institutions and MFIs. […]

Cashless Payment Mobile Application - Easypay

Cashless Payment Mobile Application Easypay Launched By ICICI Bank

A Cashless Payment Mobile Application, Easypay, has been launched by ICICI Bank to enable merchants, retailers and professionals to accept instant cashless payments on mobile phones from their customers through multiple digital modes. Eazypay is based on the Unified Payment Interface(UPI) of the National Payment Corporation which allows a person to make payment through credit/debit […]

Personal Care Startup - MCaffeine

Personal Care Startup MCaffeine Raised US$300K Seed Funding

Personal Care startup working on a eCommerce model, MCaffeine, has raised funding of US $300K from Kaushal Agarwal – MD of Avendus Capital, Harminder Sahani – MD of Wazir Advisors, KK Mehra – ex-CTO of Capillary Technologies, Pranay Jivrajka – COO at Ola Cabs and Navjot Saini of Trafigura. The raised capital will be used […]

Wealth Management App - Fisdom

Wealth Management App Fisdom Raised US$1.1M Funding From Saama Capital

Bengaluru-based wealth management app, Fisdom running under Finwizard Technology Pvt. Ltd, has raised US $1.1 million in funding from Saama Capital. The raised capital will be pumped into developing a robust technology platform, expanding its team and acquiring new customers. Wealth management app Fisdom was founded by Subramanya SV, a former partner at Bessemer Venture […]

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 […]

Google Acquired Urban Engines

Google Acquired Urban Engines A Mapping Analytics & Visualization Startup

Google has acquired Urban Engines, a mapping analytics and visualization start-up. This acquisition will help Google Maps team “better understand how the world moves,” thus paving way to “Internet of Moving Things” dimension. Urban Engines was started by Shiva Shivakumar, Balaji Prabhakar, Deepak Merugu and Giao Nguyen in 2014 with an aim to improve urban […]

Global Online Payment System PayU Acquired Citrus Pay

Global Online Payment System PayU Acquired Citrus Pay For USD $130M

Global Online Payment System, PayU, has agreed upon buying Indian Payment Player Citrus Pay for USD $130 Million (about INR 865 crore) in all cash deal making it one of the biggest deals in the country’s fin-tech space. The entity created from the merger will be competing with Alibaba-backed Paytm, Snapdeal-owned FreeCharge and MobiKwik etc. […]

Fashion eCommerce Platform - Voonik

Fashion eCommerce Platform Voonik Secured USD$3M From InnoVen Capital

Fashion eCommerce Platform, Voonik, has secured USD $3 million (about INR 20 crore) in venture debt financing from InnoVen Capital. Japanese eCommerce operator Beenos, Singapore-based venture capital fund Beenext, Tancom Investments and Times Internet, the digital product and investment arm of the Times Group, the publisher of this newspaper also invested in this round. The […]