Tag: HDFC Bank

Lendingkart raises $10.74 m in bridge round, eyes more funding

Lendingkart Technologies Pvt. Ltd, the technology and digital marketing arm of Ahmedabad- and Bengaluru-based fintech startup Lendingkart, has raised Rs 69.02 crore ($10.74 million) in a bridge round. Lendingkart issued 23,294 preferential shares, mainly to existing investors, at Rs 29,634 apiece…

WannaCry ravage: Cyber security start-ups come to rescue

Chennai: As ransomware WannaCry ravage continues, cyber security start-ups look to beef up security systems of their clients. While DSCI and Nasscom issued a “best practices” note on May 15, security experts are issuing alerts, monitoring communications 24/7 and developing patches to …

‘The runway for mid & small-cap companies is long but not infinite’

According to Morningstar India, mid-cap funds constituted 11% of the overall equity fund assets under management in 2014; this moved up to 16% in 2015 and currently stands at 20%. Mid- and small-cap funds have been getting a lot of inflows as compared to large-cap flows. Are we building ourselves…

Fintech start-up perfios secures $6.1 mn in series A funding

Bengaluru-based fintech firm Perfios has reportedly raised $6.1 Mn (INR 40 Cr) in Series A funding round from Bessemer Venture Partners. This is Bessemer’s first deal in a pure play fintech platform. The raised funds will be used for team strengthening, international expansion to the UAE & So…

Fintech start-up Perfios raises about Rs 40 cr from Bessemer VP

Fintech company  Perfios Software Solutions has raised about Rs 40 crore in its series-A round from Bessemer Venture Partners. The Bengaluru-based firm, founded in 2009 by V R Govindarajan and Debasish Chakraborty, plans to use the funds for organic and inorganic expansion. “We will use the funds…