India Digest: Shivalik Small Finance Bank, MoEVing, AlmaBetter raise capital

India Digest: Shivalik Small Finance Bank, MoEVing, AlmaBetter raise capital

Photo by Josh Appel on Unsplash

Shivalik Small Finance Bank has raised $13.4 million (Rs111 crore) in equity co-led by global venture capital firms Accel and Quona Capital. Separately, upskilling platform AlmaBetter has raised $2.7 million in a seed round led by Kalaari Capital, while electric mobility tech platform MoEVing raised $2.5 million from JSW Ventures.

Shivalik Small Finance Bank raises $13.4m

Shivalik Small Finance Bank on Wednesday said it has raised $13.4 million (Rs 111 crore) in equity co-led by global venture capital firms Accel and Quona Capital. Bharti AXA Life Insurance also participated in the investment round.

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