Delhi-based fintech firm MyMoneyMantra has raised as much as Rs 104 crore (about $15 million) from European investment company IFSD BV and newly-formed PE firm Vaalon Capital in what seems to be the first tranche of funding for the 30-year-old company.
The exact quantum of stake divested could not be ascertained but sources close to the development pegged it at 25-30 per cent, which puts the valuation of the company at over Rs 346 crore.
