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Omidyar Network invests in Series A round of news portal The Ken

July 19, 2018

The Ken, a subscription-based online news platform has raised around INR 10 crore in a Series A funding round led by impact investor Omidyar Network.

Read more - https://www.vccircle.com/news-portal-the-ken-raises-series-a-funding/

Mahindra Finance invests in P2P lending startup RupeeCircle

July 19, 2018

Mumbai-based peer-to-peer (P2P) lending startup RupeeCircle will receive INR 4 crore (around USD 588,000) from non-banking financial company Mahindra Finance

Read more - https://www.vccircle.com/exclusive-mahindra-finance-invests-in-p2p-lending-startup-rupeecircle/

Cars24 tanks up for a INR 340 crore ride

July 18, 2018

Cars24, the online marketplace for buying and selling used cars, has completed an investment raise of about USD 50 million (INR 340 crore) to fuel its expansion from Sequoia Capital India and two of Cars24’s existing investors — Cayman Islands-based Kingsway FCI Fund and Toronto-based KCK Global.

Read more - https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/cars24-tanks-up-for-a-rs-340-crore-ride/articleshow/65033011.cms

Amazon injects USD 34 million in payments arm

July 18, 2018

E-commerce giant Amazon has invested INR 230 crore (USD 34 million) into its Indian digital payments arm Amazon Pay.

Read more - https://www.dealstreetasia.com/stories/amazon-vebbler-iffco-farmers-102101/

Zaggle buys payments firm Click&Pay

July 18, 2018

Zaggle, a payments and group dining company backed by Dubai-based investors has acquired Hyderabad-based payments firm Click&Pay in a cash-and-stock deal.

Read more - https://www.dealstreetasia.com/stories/sri-capital-foyr-zaggle-clickpay-102117/

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