Existing investors Matrix Partners, Stellaris Venture Partners and Kalaari Capital are also expected to join the round.
Policy & Regulations
Fundraising plans, capital structure may have to be altered to be in line with the law.
Startup funding has reached an all-time high as investors are willing to infuse more funds enthused with startups who are scaling four to five times.
The one-year old firm currently facilitates 18 million UPI payments every month.
Nazara has invested $6.29 million for a 67% stake in the popular sports content portal, valuing it at about $9.29 million.
Funding in the first seven months of 2019 touched $4.7 billion, compared to $4.3 billion a year ago
The startup had about 50 million subscribers in February and is looking to double the number by end of this year.
Aye has raised about $174 million of debt so far, from global impact investment managers.
Existing investors Sequoia, Ribbit and Apoletto Asia have pumped in the first tranche of $65 million.
The move is said to be driven by interest from limited partners and a fast-growing market.
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