With this fresh funding, Fisdom plans to add new financial products to its portfolio.
Slowdown in bank credit, has given a boost to financial technology start-ups.
Since launching its pilot in mid-September, the programme has received over 200 applications from restaurant partners across eight cities.
The funding was led by Michael & Susan Dell Foundation to expand its School Transformation Program.
The firm provides virtual reality (VR) and augmented reality (AR) experiences on mobile devices.
The company will use the money to widen operations, improve customer care, expand inventory and hire fresh talent.
The company is targeting revenues of $4 million for FY2017-18.
Start-ups are using data analytics, wireless interfaces, and cloud-based communication to bring down costs.
Lenskart users will now be able to share images of themselves trying different glasses and frames on social media.
Gayle will join the Bengaluru-based start-up’s board and promote its products as brand ambassador.