EarlySalary, a fintech startup that offers personal loans, will raise $5-6 million in the coming months as it looks to expand its presence across cities like Hyderabad, Visakhapatnam and Jaipur.The Pune-based firm offers loans ranging from Rs 10,000 to Rs one lakh for a tenure of 7 to 30 days, operating on similar lines of salary advance, and charges an interest of about 2 per cent.
Pharmaceuticals and healthcare-focused private equity (PE) firm Fulcrum Venture India is planning a third fund which could attract as much as INR 700-800 crore. The firm is currently working on registering the new fund with the Securities and Exchange Board of India (Sebi), and the process is expected to be completed by end of the current quarter.
Pune-based online gadget servicing startup Repaireasy has raised a round of around $250,000 as seed funding from a consortium of investors. The funding will be utilized for marketing, hiring and technology.
Online health products vendor Healthkart, owned by Bright Lifecare Pvt Ltd, has raised INR 80 crore in a Series E round of funding from existing investors Sequoia Capital India and Kae Capital among others, documents with the Registrar of Companies showed. The funding will be utilized to enhance marketing initiatives and offline expansion.
Bangalore-based Medinfi Healthcare Pvt Ltd, a pure-play platform for searching doctors and hospitals through web and mobile app, has raised $200,000 in its fifth round of angel funding. The company plans to use the fresh capital to grow its user base 10 times to 5,00,000 by March 2017 by expanding its services across India and Southeast Asia.