Funds raised will enable the company to boost its research and development and scale its operations in the Asia-Pacific region.
IPOs & Markets
In FY19, UrbanClap claimed to have completed around 3.3 million service orders.
The startup is in talks with private equity and venture capital firms as well as car makers including BMW Group India and Mercedes India for funding.
The investors include Girnarsoft and London-based Man Capital. In April 2016, both the investors had led a $2 million pre-Series A round in CollegeDek
The fresh capital will help Peel-Works strengthen its retail management platform Taikee, which claims to have more than 20,000 registered retailers.
The company’s existing investor Sixth Sense Ventures may participate in the ongoing round.
This is Wipro’s 11th acquisition in the consumer line business and the ninth acquisition in the personal care segment overall.
Sharing economy startups depend heavily on asset financing to fund the purchase of their assets when compared to other consumer Internet models.
The RBI proposal comes months after regulators from the UK, US, Hong Kong announced a global alliance to test fintech products.
This is Bounce’s second round of funding from the InnoVen, taking their total debt investment to $6 million.
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