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 »
By Team DealStreetAsia
Here’s DSA’s region-wise list of women who dominate the PE world.
Franklin Templeton PE has exited Daily Hunt, while SBI is looking to hike stake in its credit card JVs with General Electric. Also, Tech Mahindra plans to raise external funding for 3 in-house startups. Franklin Templeton PE exits Dailyhunt, gets three-fold return Franklin Templeton Private Equity Strategy has sold its… Read more »
Hyderabad-based NowFloats Technologies, which helps local businesses create and manage SEO optimized websites, has raised $10 million in a Series B round of funding from multiple investors including Iron Pillar and IIFL, along with Blume Ventures and Omidyar Network, according to a press statement. IIFL has routed the investment in the latest… Read more »
Khel Now has raised $500,000 in a funding round from Thailand-based Indochine International Co. Ltd, while LetsTransport has raised $4 million in a series A round of funding led by Japan’s payment gateway company GMO. Thailand’s Indochine invests in Khel Now Khel Now, the mobile social platform for sports, has raised $500,000… Read more »
Indifi will use the proceeds from the fund raising to scale its technology platform, expand the workforce, create new loan products and invest in partnerships with data vendors.
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 »
If there is one thing the government’s ongoing demonetisation drive has amplified, it’s the yawning gap that exists in India between the privileged and the underserved. In that context, it seems appropriate that the country hosted its first convention on impact investing this week. Put together by the Impact Investors… Read more »
McKinsey & Co. says impact investing in India has the potential to grow from $1 billion worth of investments in 2015 to $6-8 billion by 2025. “India is one of the world’s biggest markets for impact investing, given the nation’s many pressing social needs and an abundance of global capital…. Read more »