By Deepti Govind
The video-sharing company raised around $1 million in seed funding from India Quotient and Shunwei Capital last July. In December, it raised around $6 million in a Series A funding round led by Matrix Partners India, with participation from existing investors.
Gold Plus said the investment from PremjiInvest will help it accelerate its expansion plans and boost its market share.
The commitment was in addition to the $75 million infused by Flipkart since it acquired PhonePe in April 2016.
The deal is expected to value Wealth Advisors at Rs 500 crore.
New businesses such as sports and fitness accessories, stationery and general merchandise will sport the SmartBuy brand, which was launched in 2016.
Existing investors IDG Ventures India and Endiya Partners also participated in the round.
Temasek is also in talks to invest more in Ola by subscribing to new shares.
Qualcomm Ventures, Mirae Asset and existing investor Eight Roads Ventures also joined the oversubscribed equity round.
India Digest: Dhoni backs Run Adam; JP Morgan, IIMA to launch financial inclusion lab; Carmesi, PivotRoots raise funds
Former Indian cricket team captain MS Dhoni has picked up a 25 per cent stake in sports tech startup Run Adam.
Ola has obtained licences to operate in South Wales and Greater Manchester, and it will also launch operations in South Wales within the next month.