Online peer-to-peer lending platform LoanMeet, which is run by Strivers Solutions Pvt Ltd, has raised an undisclosed amount of seed funding from chinese entrepreneur-turned-investors Cao Yibin and Huang Wei, along with KrazyBee co-founder and CEO Madhusudan E.
Financial technology start-up Lendingkart Group has raised a debt of INR 50 crore from Yes Bank Ltd in a move that could see the company gradually shift to banks for loans as against non-banking financial companies (NBFCs), who lend at a higher rate.
Mumbai-based seed stage investor Artha India Ventures is planning to launch its own early-stage investment fund with a target size of INR 200 crore ($31 million) with a greenshoe option of INR 100 crore to invest in startups across seed, pre-series A and series-A rounds of funding.
Glitterbug Technologies, which owns and operates online insurance brokerage Coverfox, has raised about INR 96 crore ($15 million) in its series-C round, led by US insurer Transamerica, with its existing investors also participating.
PeeSafe, a toilet seat sanitizer spray, has raised $1 million from a group of investors including Mumbai-based Venture Catalyst, Alfa Capital, Green Shots Capital and Real Time Ventures.