Naffa Innovations Pvt Ltd, a mobile payments company that operates as ToneTag has raised an undisclosed sum from a clutch of investors. The funding will be utilized to expand user base and grow the number of merchants that accept cashless transactions. ToneTag enables contactless digital transactions on mobile phones, card swiping machines, automated teller machines and other payment enabling devices with a software update, without the need to make hardware changes.
Job portal iimjobs, run by Highorbit Careers Pvt Ltd, has raised $2 million (Rs 13 Crore) in its Series A round of funding led by early-stage investment firm India Quotient. The funding will be utilized for product, engineering, and increasing sales reach and infrastructure.
Gurgaon-based property search aggregator Square Yards Consulting Pvt Ltd has raised INR 80 Crore ($12 million) from the private equity arm of billionaire Anil Ambani’s Reliance Group.The funding will be utilized to enhance distribution network across India and overseas and expand operations to more than 25 countries.
Jakarta-based PT Go-Jek Indonesia, which runs personal transportation and hyper-local shopping app Go-Jek, has acquired Pune-based app development startup LeftShift Technologies Pvt Ltd for an undisclosed amount.The acquisition is aimed at strengthening and upscaling Go-Jek’s product development, design and engineering platforms to support the unicorn’s burgeoning Indonesia operations.
Mobile-first test preparation platform, OnlineTyari (OT) has raised INR 20 crore, led by the Michael and Susan Dell Foundation (MSDF). The funding will be utilized to expand vernacular offering, widen examination coverage and strengthen technology and analytics engine.