While Amazon has invested $10.5 million in Amazon Pay, startups Telr, Isparva and Niki. ai have also raised funds.
Amazon, Singapore unit invest $10.5 m in Amazon Pay
E-commerce giant Amazon‘s Indian payment portal Amazon Pay has got funding worth Rs 67 crore ($10.46 million) from its Singapore-based arm Amazon Corporate Holdings Pvt Ltd and its US-based parent Amazon Inc, said a report in The Economic Times quoting filings with the Registrar of Companies.
The vertical had raised Rs 150 crore in September 2016 and had increased its share capital to Rs 400 crore.
In March, the Reserve Bank of India (RBI) issued Amazon Pay a wallet licence in March. The digital payments unit, which is operated by Amazon Online Distribution Services Pvt Ltd, has also been rebranded to Amazon Pay (India) Pvt Ltd.
E-payment gateway Telr raises $3m from Innovations East
Mumbai-based international e-payment gateway Telr has raised $3 million from Innovations East in its Series B round of funding.
The investment will be used to build out and enhance Telr’s core product proposition, roll out new payment methods and scale up operations in focus markets, especially India and other emerging markets, the company said in a release.
Funds will also be deployed, through selective partnerships, in creating an ecosystem for SMEs seeking to take their businesses online – with initiatives such as a web store builder and short-term lending, it added.
Founded in 2014, Telr is a payment gateway aggregator of multiple payment methods like cards and online banking, offering a set of unified APIs and tools that enable businesses to accept and manage online payments via web, mobile and social media.
Real estate developer Isparva raises $1.7m from HNIs
Real estate developer Isprava has raised Rs 11 crore from a consortium of high net worth angel investors including Nadir Godrej of the Godrej Group and Anand Piramal, Promoter of the Piramal Group.
The company develops high-end holiday homes in places like Goa and Nilgiris with cost ranging from Rs 3-25 crore.
“We have known the promoters of Isprava for a very long time and we even had a share holding in the predecessor company as well with current investment of 10% of the funded raised,” said Nadir Godrej.
The company plans to build 40 homes in Goa and Nilgiris, including villas, vaddos (community home), and others, and ramp up its hospitality and rental division.
SAP.iO backs AI chatbot startup Niki.ai
Artificial intelligence chatbot Niki.ai has raised an undisclosed amount of funding from global technology giant SAP, which marked its first investment in India, according to a report in The Economic Times quoting sources.
The investment was done via SAP’s recently-launched $35 million artificial intelligence-focussed fund SAP.iO in March this year.
The Bengaluru-base company already counts Tata Sons chairman emeritus Ratan Tata and Ronnie Screwvala-led Unilazer Ventures as its existing investors.
Started in 2015 by IIT Kharagpur alumni Sachin Jaiswal, Keshav Prawasi, Nitin Babel, and Shishir Modi, Niki.ai employs helps users make bill payments, book cabs, recharge phones, order food and home services, and view live cricket scores.