With wary VCs drastically cutting their investments in cash-burning start-ups, top two players in many categories are standing out from the herd
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Tag: Matrix
ItzCash raises Rs 800 cr, gives exits to Matrix, Intel Capital, Lightspeed
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…
Five star business credits raises Rs 114 crore from Morgan Stanley PE Asia
Five Star Business Credits, which provides loans to micro entrepreneurs, has raised fresh funding of Rs 114 crore from investment firm Morgan Stanley Private Equity Asia, which has now acquired a minority stake in the Chennai-based company. The Matrix Partners-backed venture, registered as a non-…
Zarget raises $1.5 million in seed funding
Zarget, a Chennai-based SaaS startup, has raised $1.5 million (about Rs 10 crore) in seed funding. Global venture capital firms Accel Partners and Matrix Partners and CEO of Freshdesk Girish Mathrubootham participated in the round along with some other investors. “Consider the slow advances…