Bengaluru: Mumbai-based fintech company ItzCash has raised Rs 800 crore from US-based Ebix Inc, a global insurance SaaS company. Ebix has acquired 80 per cent stake in the company, thus valuing Itzcash at $150 million and giving exits to early investors Matrix, Intel Capital and Lightspeed Ventur…
Tag: Intel Capital
Wipro ventures picks up minority stake in cyber security startup Vectra Networks
Wipro Ventures, the $100-million venture capital arm of India’s third largest software exporter Wipro, has invested an undisclosed amount for a minority stake in Silicon Valley-based cybersecurity startup Vectra Networks, according to an executive directly familiar with the matter. Vectra, …
US fund Maverick in online pharmacy startup
US-based investment fund Maverick Capital Ventures is leading a Rs 100-crore financing round in 1mg, formerly HealthKartPlus, as investors continue to be bullish on the huge potential of online pharmacy startups. The Sequoia Capital-backed 1mg had spun off last year from its parent HealthKart and…