Consumer lending start-up MoneyTap has raised $9 million in a funding round led by Sequoia India. Existing investors NEA and Prime Venture Partners also participated in the round. Founded in 2015 by Bala Parthasarathy, Anuj Kacker and Kunal Varma, the platform provides credit to salaried employee…
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Real estate tech start-up Zipgrid raises $500k from 1crowd & Jll India
Mumbai and Ahmedabad-based real estate tech firm Zipgrid has reportedly closed a $500 K Pre-Series A round with investment commitment from 1Crowd and JLL India. The startup plans to use the raised funds to upgrade its existing technology and operations. Also, a part of the funding will be used to…
Global network of accelerators look to cash in on India’s fintech goldrush
BENGALURU: Accelerators and incubators specialising on financial technology startups are increasingly coming to India, with 2016 witnessing the launch of several of them, from Startupbootcamp’s local edition and a Swiss Re programme to Zone Startups and Rainmatter. They expect to see global produ…
Banks look to cash in on start-up wave by carving a new segment
Many banks have established a separate internal segment to cater to the needs of start-up entities, as they see value in building a relationship with some of these expected to become large companies in years to come. “For the first time in our country, entrepreneurship is being promoted in …