TV Mohandas Pai, chairman of Manipal Global Education and former CFO and HR head of Infosys, has invested an undisclosed amount in Singapore-based drone technology startup SwarmX Pte. Ltd. SwarmX’s offering SwarmX Hive allows users to operate drones with minimal training.
Playment, a mobile marketplace for crowdsourced work, has raised Rs 4.7 crore ($700,000) from venture capital firm SAIF Partners, joining a handful of startups operating in a nascent segment in attracting investors.
Evolusolve Technologies Pvt Ltd, which operates wealth management app WealthTrust, has raised an undisclosed amount in seed funding from venture capital firm India Quotient. The funds will be utilized to strengthen the team, ramp up technology infrastructure add more features to the app to enable users to make better investment decisions.
Venture Catalysts, a Mumbai-based seed investment platform, has raised $500,000 (around Rs 3.4 crore) from Zaffiro Ventures. The funding will be utilized to expand to five cities in 2016.
Bangalore-based online payment gateway startup Razorpay Software Pvt. Ltd has received an undisclosed investment from American payments and financial services company MasterCard.