India Digest: Yugabyte, Cashify raise funding; MX Player eyes up to $150m

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IT company Yugabyte has raised $48 million in a funding round led by Lightspeed Venture Partners while Cashify has secured $15 million. Separately, MX Player, which owns and operates short video entertainment app MX TakaTak, is in talks for up to $150 million financing.

Lightspeed leads funding in Yugabyte

Yugabyte, a maker of open source distributed SQL database, has raised $48 million in a funding round led by Lightspeed Venture Partners, it announced on Wednesday. The round also saw participation of Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC.

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