India Digest: ClayWorks, LoanTap, Scale Labs, Phygicart raise funds

India Digest: ClayWorks, LoanTap, Scale Labs, Phygicart raise funds

Photo: Reuters

In the latest startup funding, Nisus Fincorp has made its maiden investment of $250,000 in coworking startup ClayWorks while LoanTap has received $6.25 million in a funding round led by Beijing-based venture capital firm Shunwei Capital. Separately, Scale Labs has raised about $1 million from GPA Group while Dubai’s e-commerce firm Phygicart.com is raising $14.5 million for its India foray.

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