Digital payments and financial services company instantPay has raised funding in the range of $3-5 million (INR 20-34 crore) from Singapore-based investors RB Investments and Kaleden Holdings.The funding, which is part of a preseries A round, will be utilized for the development of new products and geographical expansion across the country. A part of the funding will be used to build the brand and for marketing.
LetsMD, a fintech startup in the health space, has completed its angel round of investment with the participation of WaterBridge Ventures. Calcutta Angels Network (CAN), LetsVentures, Anupam Mittal, founder and chief executive of People Group, and Currae Healthtech Fund were the other investors who had participated in this round last month. The funding will be utlized to develop technology, build the team, and for marketing.