India Dealbook: LoanTap, Alteria Capital, Shuttl, IndigoLearn raise funds

Financial technology startups LoanTap and ZestMoney, along with bus aggregator ZestMoney and edtech firm IndigoLearn have secured funding.

Fintech startup LoanTap raises $8m led by 3one4 Capital

Digital lending platform LoanTap Financial Technologies has raised $8 million in new funding round led by 3one4 Capital.

According to an official statement, the fifth funding round by the Mumbai-based company also saw participation from its existing investors Shunwei Capital, Kae Capital, India Quotient, Tuscan Ventures and angel investor Ashish Goenka, managing director of Suashish Diamonds.

The fund raise was through a combination of equity and debt.

Founded in 2016, LoanTap offers loans, personal overdraft, rental deposit loans and credit card takeover loans by focusing on monthly cash outflow of salaried professionals.

Venture debt firm Alteria Capital backs lending platform ZestMoney

Bengaluru-based fintech startup ZestMoney has raised an undisclosed amount of funding from venture debt provider Alteria Capital.

The company has raised $22 million of capital till date.

The digital lending platform had last raised $13.4 million in a funding round led by Chinese smartphone maker Xiaomi in an extension of its Series-A round in August 2018. The round had also seen participation from existing investors PayU, Ribbit Capital and Omidyar Network.

In February 2017, ZestMoney raised $6.5 million in a series A round of funding led by Naspers-owned PayU.

Trifecta Capital puts $1.3m more in Shuttl

Three months since its last funding, Gurgaon-based bus aggregator Shuttl has raised another $1.3 million from Trifecta Capital, according to a report in VCCirlce quoting regulatory filings.

In October, venture debt provider Trifecta was said to have put in $1 million in the bus aggregator.

Shuttl, owned by Super Highway Labs Pvt. Ltd,  has raised Rs 16.37 crore across the two rounds, according to the news report.

Last year, Shuttl raised $11 million led by Amazon India, Amazon Alexa Fund and Dentsu Ventures.

Edtech startup IndigoLearn gets $135k angel funding

Edtech startup IndigoLearn has raised $135,000 more from angel investors, taking the total funds raised so far to $265,000.

The funds were raised from  angel investors based out of India and US including Vivek Subramanyam, ex-CEO of Fintellix and Girish Vyasamudri, Vice President and General Manager – India at Tangoe.

Founded in 2017, IndigoLearn provides e-learning solutions through bite-sized modules and visual content to students and professionals in accounting and finance.

Also Read:

Fintech startup LoanTap raises $4m from Kae Capital, India Quotient, others

Trifecta puts $1m in Shuttl

IndigoLearn raises $150K from angel investors