By Kristie Neo
The latest funding round was joined by return backer Lilly Asia Ventures.
The latest funding comes after its $4-million seed round in February backed by SMDV, Digital Garage, East Ventures, Insignia Ventures Partners, Triputra Group and various angel investors.
The new venture credit fund will be launched in August and is expected to reach the first close by November 2018.
Tokyo-based Gojo, a holding company of MFIs, has subsidiaries in Cambodia, Sri Lanka, and Myanmar.
The development comes almost six months after the Bengaluru-headquartered startup closed a $40-million Series C funding round led by automobile company Mahindra & Mahindra (M&M). Founded in 2013 by Greg Moran and David Back, Zoomcar has raised $103.8 million in funding to date.
Existing investors including Sequoia Capital, True Ventures, Matrix Partners and Scale Venture Partners also joined the round.
Flipkart co-founder and former chief executive Sachin Bansal is considering raising a fund of $700 million-$1 billion for investing in startups, two people familiar with the matter said. Bansal, who is set to make $1 billion in cash after leaving Flipkart in May, could contribute up to 40% of the… Read more »
The total capital raised by Samosa Labs has reached $9 million till date.
Swiggy has held talks with SoftBank, General Atlantic and a couple of Chinese hedge funds for the new round.
SBI will focus on Series A and B funding for fintech companies in Indonesia and may also look at AI and blockchain.