Dot is in advanced discussions to raise a $20-25 million funding round from payment gateway PayU while healthcare services startup Mfine has passed resolution to raise $34 million from existing shareholders.
Dot eyes fresh funding from PayU
Dot, which provides digital transformation and commerce solutions to brick and mortar outlets,
is in advanced discussions to raise a $20-25 million funding from payment gateway PayU. The contours of the deal have almost been finalised, which may value Dot at $75 million.
Dot is also in talks with DST Global to raise another $25 million, Entrackr reported. The talks with DST, however, are at an initial stages and may or may not go through.
Dot was founded by PayU India co-founder Shailaz Nag. The startup had raised $8 million in seed funding $8 million led by PayU and Fosun RZ Capital in February last year.
Mfine to raise $34m from existing shareholders
Healthcare services startup Mfine, operated by NovoCura Tech Health Services is raising about $34 million (Rs 246.04) from existing shareholders in the ratio of their holdings. Its existing shareholders include SBI Ven Capital, Beenext, Stellaris Venture Partners, and Prime Venture Partners.
Mfine has passed a special resolution to approve an offer and issue of 2,17,315 compulsorily convertible debentures at a nominal value of Rs 11,322 each to raise Rs 246.04 crore from existing shareholders, Entrackr reported quoting regulatory filings.
The Bengaluru-based company had kicked off its Series B funding round in April last year. It has received the first tranche of Rs 29 crore from funds from Singapore-based CateTech Pte.