Senior Writer & Content Specialist, India
With this latest round of funding, the company has so far raised a total of Rs 160 crore ($22.5 million).
Zensar is selling some of its non-core businesses to Lorhan IT Services- a unit of US-based firm First Tek Inc for up to $4 million.
Its first fund closed in 2009 at around $1b & its second fund made a final close at $1.65b in 2011.
Meenakshi Multiples has acquired 6% stake in Hyderabad based co-working venture iKeva for an undisclosed amount.
The funding from GCF, which Mytrah will be availing the funding through SIDBI, will help finance 5,000 electric buses.
Ola already operates a pay-later product Ola Credit, however it now wants to deepen its lending offerings through an NBFC arm.
Founded by Kunal Khattar, AdvantEdge is an early-stage tech fund investing across consumer sectors with a focus on mobility.
The funding will help Caplin Steriles to boost its capacities to cater to growing demand from markets like US and Europe.
LoanTap’s existing investors Shunwei Capital, Kae Capital, India Quotient and Tuscan Ventures also participated in the round.
The investment from SoftBank is likely to value FirstCry at around $600-700 million.