SME financing platform OfBusiness seeks Series C funding
OFB Tech Pvt. Ltd, which operates technology platform OfBusiness to provide financing to small and medium enterprises, is in talks to raise Series C funding for business expansion, a top executive told VCCircle.The company plans to use the planned fundraise to launch a new marketing tool, cater to incremental lending ......
VC-backed Vogo gets funding from former Myntra CEO, other entrepreneurs
Scooter-sharing startup Vogo Automotive Pvt. Ltd said on Tuesday it has received funding from a bunch of prominent individuals,...
Go-Ventures leads Series A funding in social commerce platform Mall91
Mall91, a social commerce platform for vernacular users, said on Monday that it has raised $7.5 million (Rs 67.9 crore) in its...
Real-time traffic tracker Birds Eye Systems raises Series A funding from Matrix Partners
Mumbai-based tech startup Birds Eye Systems Pvt Ltd, a company specialising in traffic monitoring solutions, has raised an undisclosed amount in Series A funding from Matrix Partners India. The funds will be used to expand the company's flagship product Traffline to multiple transport modes and 10 cities in India.“Getting access ......
UV ARC to sell Aircel assets, start low-cost businesses in bid to repay lenders
UV Asset Reconstruction Company Ltd plans to resume certain operations of Aircel Ltd and sell several assets, as it aims to pay...
Matrix Partners looking to invest in over half a dozen healthcare companies from its second fund
Venture and growth capital firm Matrix Partners India is bullish on medical product startups where it plans to come in as very early stage investor. The firm is also looking to back a bunch of single speciality healthcare firms as it ramps up its healthcare portfolio in the country, a ......
Mobile PoS solutions provider Mswipe raises funding from Matrix Partners, Axis Bank and DSG Consumer Partners
Mumbai-based mobile POS services provider Mswipe Technologies Pvt Ltd has announced that it has raised Series B round of funding, led by existing investor Matrix Partners, with participation from Axis Bank and DSG Consumer Partners. The funding amount has not been disclosed.VCCircle had first reported that Mswipe has raised a ......
Omidyar Network bets on digital lending startup Shubh Loans
Digital lending platform Shubh Loans has raised Rs 34 crore ($4.7 million) in a new round led by Omidyar Network, the company...
Matrix Partners to commit close to a third of $300M fund by year end
Venture and growth capital firm Matrix Partners India will commit close to a third of the total corpus of its second fund by the end of this year, a top executive with the investment firm told VCCircle.Matrix Partners, which raised $300 million in its second India-focused fund two years ago, ......
Tribunal okays UV ARC’s sharp haircut for Aircel lenders, but with tweaks
The National Company Law Tribunal (NCLT) has approved the insolvency resolution plan of UV Asset Reconstruction Company Ltd to...
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