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Recent News

LoanTap raises $3m from HNIs

August 29, 2016

LoanTap Financial Technologies Pvt Ltd, an online non-banking financial company (NBFC), has raised $3 million (INR 20 crore) from Mumbai-based high-net-worth individuals Abhishek Pandey and Jaysukh Sapra. 85% of the funding will be utilized to extend loans and the rest to strengthen its technology and marketing.

Read more - http://www.dealstreetasia.com/stories/india-loantap-raises-3m-from-hnis-51848/

Biotech company Mitra Biotech raises $27.4 Million

August 29, 2016

Mitra Biotech Inc,  a biotech company that develops and provides technologies that personalize cancer treatment, has raised approximately INR 184 crore in a Series B round of financing led by Sequoia India and Sands Capital Ventures.Mitra Biotech is engaged in supporting personalized oncology therapy selection and drug development. Founded in 2010, Mitra is based in Boston, and maintains a significant research and laboratory presence in Bengaluru. The funding will be utilized to expand the availability of its CANScript service, which predicts personalized responses to cancer treatments.


Read more - http://www.livemint.com/Companies/YgXqrYvMeH8eVqByb2FblK/Mitra-Biotech-raises-274-million.html

Mobikwik to get $40 Million from South African payment firm Net1

August 29, 2016

NASDAQ-listed South African payment solutions and transaction processing company Net 1 UEPS Technologies Inc has signed a subscription agreement with India’s digital wallet firm MobiKwik. As part of the partnership, Net1 will invest $40 million in MobiKwik, and will integrate its Virtual Card technology across MobiKwik wallets.

Read more - http://www.vccircle.com/news/technology/2016/08/26/mobikwik-get-40-mn-south-african-payment-firm-net1

Cashback App Crownit parent raises funds from Freecharge, Freshdesk founders

August 29, 2016

GoldVIP Technology Solutions Pvt Ltd, which runs the Crownit mobile application, raised an undisclosed amount of funding from Kunal Shah and Sandeep Tandon (founders, Freecharge), Girish Mathrubootham (founder, Freshdesk) and Anand Chandrasekaran (former chief product officer, Snapdeal). The funding will be utilized for expanding to more cities and increase merchant partnerships.

Read more - http://www.dealstreetasia.com/stories/crownit-parent-raises-funds-from-freecharge-freshdesk-founders-51793/

Paytm parent in talks to raise around $300m from MediaTek, Temasek, others

August 29, 2016

One97 Communications Ltd, which runs e-commerce marketplace and payments platform Paytm, is in advance discussions to raise $300-$350 million (INR 2000- INR 2400 crore) from Taiwan’s MediaTek, Temasek, Goldman Sachs and existing investors Alibaba Group and SAIF Partners, among others. Taiwan’s Foxconn and GIC are likely to participate too.

Read more - http://www.dealstreetasia.com/stories/india-paytm-parent-in-talks-to-raise-around-300m-from-mediatek-temasek-others-51809/

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