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Money

Get My Parking raises $1.1 mn from IAN, others

Thursday, February 23, 2017 | More »

parking
Cloud-based mobile parking technology startup Get My Parking has raised $1.1 million (Rs 7.35 crore) in pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services chairman Sunil Munjal. The startup will invest the fresh funds to deploy...

IDG, Accion to invest more in CreditMantri

Fin-tech sees sharp funding slowdown, but there’s a silver lining: KPMG

Venture capital (VC) investments in India’s fin-tech sector nosedived to a mere $216 million in 2016, a far cry from the previous year’s $1.6 billion, according to KPMG International’s quarterly report on global fin-tech investment that was released Wednesday. “This decrease high...

22 February, 2017 | More »

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Bharti Airtel picks up stake in fintech startup Seynse

Telecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement. The value of the investment is not disclosed. Seynse has created the digital lending platform Loan Singh which provides consumers access to loans...

22 February, 2017 | More »

FreeCharge founders, Chaayos CEO back B2B pharmacy app Reap

FreeCharge founders, Chaayos CEO back B2B pharmacy app Reap

Mumbai-based Workcell Solutions Pvt. Ltd, which runs B2B app for pharmacies Reap, has raised an undisclosed amount in seed funding from FreeCharge founders Kunal Shah and Sandeep Tandon, Chaayos co-founder and CEO Nitin Saluja and Thinklabs founder Gagan Goyal, a financial daily reported on Wednesda...

22 February, 2017 | More »

Flipkart

Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

Home-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy. The firm is in discussions with global tech giant Microsoft C...

22 February, 2017 | More »

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Can fintech startups replace stereotyped financial advisors?

I remember speaking to an investment advisor who told me about someone he was assisting on personal finances. At every meeting, the advisor repeatedly told the gentleman to appoint nominees for his investments, but he kept delaying it for some reason. The advisor only found out why after three years...

22 February, 2017 | More »

IDG, Accion to invest more in CreditMantri

IDG, Accion to invest more in CreditMantri

Chennai-based online credit management startup CreditMantri Finserve Pvt. Ltd is set to raise Rs 51 crore ($7.6 million) in Series B funding from new and existing investors, said a report in a financial daily on Monday. Citing filings with the Registrar of Companies (RoC), The Economic Times reporte...

20 February, 2017 | More »

True Balance

True Balance raises $15 mn from SoftBank Ventures Korea, others

Gurgaon-based startup True Balance, an app that allows users to check their mobile phone balance, has raised Rs 100 crore ($15 million) in a Series B round led by existing investor SoftBank Ventures Korea, part of Japanese Internet conglomerate SoftBank Group Corp, and IMM Investment Group. Other So...

20 February, 2017 | More »

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Paytm bets $89 mn on QR code payment system

Digital wallet firm Paytm, operated by One97 Communications Ltd, plans to invest Rs 600 crore ($89 million) to develop a QR code-based payments solution, several media reports stated. The company, which plans to train 10 million merchants to accept digital payments across 650 districts by the end of...

20 February, 2017 | More »

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Reliance Capital looking to sell its 1% stake in Paytm for $50-60 mn

Anil Ambani-controlled Reliance Capital Ltd is reportedly in talks to sell its 1% stake in digital payments firm Paytm as it looks to trim its proprietary investment portfolio and monetise non-core assets. Press Trust of India reported, citing some people in the know of things, that the company was ...

18 February, 2017 | More »

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