Chennai: Fintech start-up EarlySalary on May 10 said that it has raised Series A funding of $4 million from IDG Ventures India and Dewan Housing Finance. Founded by Akshay Mehrotra and Ashish Goyal, the company had raised seed funding from Ashok Agarwal of Transcorp International earlier. The sta…
Tag: Akshay Mehrotra
Govt planning to overhaul Rs 10k cr start-up fund
The department of industrial policy and promotion (DIPP) is set to overhaul its Rs10,000 crore start-up funding scheme by allowing venture capital (VC) funds to invest half of the corpus in start-ups and the rest of it in firms at a more mature stage to reduce capital risk. The VC funds that mana…
Currency Ban Impact | Professionals scramble to micro loan start-ups
At 11pm on November 8 night, Akshay Mehrotra, Co-Founder, EarlySalary, was biting his nails, looking at almost 90% of his 2000 users borrowing money from his platform in a click. Within 9 hours into November 9, EarlySalary had exhausted their loan limits. At Cashe, repeat and new users have borro…