Y Combinator backs fintech startup BharatX’s $4.5m seed round and other India deals

BharatX, a consumer credit venture, has raised $4.5 million in a seed funding round from Y Combinator, 8i Ventures, Multiply Ventures, Soma Capital, and other investors, the company announced on Thursday.

Existing investor Java Capital also participated in the round besides angels including Arash Ferdowsi, co-founder, Dropbox; Harshil Mathur, CEO and co-founder, Razorpay; Shashank Kumar, founder, Razorpay; Varun Alagh, co-founder and CEO, Mamaearth; Kunal Shah, founder and CEO, CRED; Ankur Aggarwal, co-founder, Dunzo; and Vikas Choudhury, president, Reliance Jio.

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