India Dealbook: NestAway, Aye Finance, Syntizen Tech raise funding

Photo: Reuters

NestAway Technologies has raised about $5 million as a part of its ongoing Series D round from existing investor Goldman Sachs. Small business lender Aye Finance Pvt. Ltd and Syntizen Technologies are among the other startups to have raised funding.

Goldman invests $5m in NestAway Tech

Bengaluru-based home rental startup NestAway Technologies has raised about $5 million as a part of its ongoing Series D round from existing investor Goldman Sachs. The startup has issued 13,882 Series D1 CCPS shares at a premium of Rs 25,151.87 per share to Goldman Sachs Asia Strategic Pte Ltd. In May, NestAway had raised about $10 million from existing backer New York-based investment firm Tiger Global Management, and Chiratae Ventures.

Aye Finance raises $11m debt funding

Small business lender Aye Finance Pvt. Ltd has raised about $11 million (Rs 80 crore) in debt funding from an undisclosed investor, it announced on Tuesday. Aye Finance plans to utilise the latest infusion of funds for further growing its lending portfolio. This funding comes within a month of the fintech lender raising Rs 55 crore from DCB Bank. It claims to have disbursed over Rs2,200 crore to 1,50,000 micro enterprises since its inception in 2014.

Syntizen raises pre-Series A funding

Syntizen Technologies, a Hyderabad-based digital identity solutions provider, has raised an undisclosed amount in its pre-Series A funding round from global payments technology company Mastercard and biometric solutions provider ACPL. Syntizen aims to utilise the funding to strengthen its product offerings and for expansion purposes.