India: Fintech co ZestMoney raises $6.5m in Series A led by Naspers-owned PayU

Posted by & filed under Deals & Investment

Bengaluru-based fintech company ZestMoney has raised $6.5 million in a series A round of funding led by Naspers-owned PayU, the company said on Wednesday. Existing investors, US-based Ribbit Capital and Omidyar Network, also participated in the round along with individual investors. ZestMoney, owned by Camden Town Technologies Pvt. Ltd, will… Read more »

India Digest: PayU to invest in ZestMoney; Vini founder backs Soothe Health

Posted by & filed under Venture Capital

Consumer lending startup ZestMoney is in the process of raising funds in a round led by Naspers-owned online payments platform, PayU, while Soothe Healthcare, has sold major strategic stake to Darshan Patel, founder of Paras Pharma and Vini Cosmetics. Naspers-backed PayU to invest in ZestMoney Consumer lending startup ZestMoney is in the process of raising funds in a round… Read more »

India: Lendingkart ropes in ex-Amazon India, PayU executives for top roles

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Digital lending platform for SMEs Lendingkart Group – which recently raised $32 million in Series B round led by Bertelsmann India Investments – has appointed former Amazon India and Dubai-based Souq.com executive Vishal Chopra as chief revenue officer (CRO) and ex-PayU India’s Nihit Nirmal as senior VP- products.

PayU Global names Aakash Moondhra as CFO

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Online payment services firm PayU Global has appointed former Snapdeal executive Aakash Moondhra as chief financial officer, the company said on Thursday. PayU, backed by Internet and media group Naspers has operations in 18 countries including Latin America, India, Central Eastern Europe, and Middle East and Africa. Apart from acting… Read more »