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Northern Arc Capital raises $25M in ECB from Proparco

Northern Arc Capital, one of India’s most diverse financial services platforms, announced today that it has completed a $25 million External Commercial Borrowing deal with Proparco. Proparco is Agence Française de Développement Group’s private sector lending division (AFD Group). The AFD Group is a public financial company owned by the French government that carries out […]

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ICICIdirect announces the acquisition of investment content community startup Multipie

ICICIdirect announced that it has acquired the firm Multipie. Multipie is a web- and app-based networking platform for the investor community that allows users to share opinions on stocks and other financial assets. According to the press release, the transaction entails the acquisition of the Multipie App, technology, brand, domain name, user base, and other […]

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Credit Fair raises $10M in extended Seed funding round led by LC Nueva Investment Partners

Mumbai-based embedded credit fintech startup Credit Fair has announced that it raised $10 million in debt and equity as part of its seed extension round of funding. LC Nueva Investment Partners, through its early-stage venture capital fund, LC Nueva Alternative Investment Fund, took the lead in the fresh investment round, which was launched as a […]

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Fintech startup Jify raises $10 Mn in Series A round

Earned wage access and employee financial benefit startup, Jify.co has raised $10 million in its Series A round from Accel and Nexus Venture Partners. The funds will be used to strengthen its fintech product offering, ramp up customer acquisition across sectors and cities, while also driving adoption among the workforce. Jify partners with companies to […]

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Lighthouse plans to raise $400 million fund to back consumer space startups: Report

Lighthouse Funds, private equity (PE) firm, is allegedly in talks to raise $400 million for a new fund that will target fast-growing consumer brands in the country. Lighthouse’s founding partner Mukund Krishnaswami told news agency Reuters that the company is in discussions with potential investors to raise its fourth fund. Krishnaswami stated, “We are witnessing […]

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Spare8 raises pre-seed round led by 2am VC, others

Spare8, a micro-investment app, has raised $770K in its pre-seed round led by 2am VC, along with Broom Ventures, Incisive Ventures, Varanium Capital and Magic Fund. Ajay Adiseshan, Anoop Mathur, Jaydeep Deshpande, Yagnesh Sanghrajka and Sachin also joined the round. The funds will be used to strengthen the marketing, growth initiatives and to build a […]

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Crypto trading platform Crypso raises $3 Mn seed round

Crypso, a community-led investing platform for cryptocurrencies, has raised $3 million in seed funding led by Hashed Emergent, Athera Venture Partners, Better Capital and Whiteboard Capital. Other angel investors such as Sandeep Nailwal, Jaynti Kanani, along with Kunal Shah have also participated in this round. The fresh funds will be utilised to grow its user […]

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Bengaluru-based Rupeek plans to raise $50 million at a flat valuation

Rupeek, a platform for online gold loans, appears to be on the verge of raising new funds from existing investors. The Bengaluru-based startup is in late-stage talks to raise more funding worth $50 million in an extended Series-E deal. Existing investors Lightbox, Sequoia, Bertelsmann, Vostok Emerging Finance, GGV, HighSage Ventures, Kae Capital, and 9Unicorns are […]

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YC-backed Better Opinions raises $2.5 Mn from Metaplanet VC, others

Event trading startup Better Opinions has raised $2.5 million from Metaplanet VC and Goldwater Capital. YCombinator, Taurus VC, Original Capital, Tremis Capital, Super Capital,  and others have also joined the new round. The fresh funds will be used to build and expand the product and tech team, towards marketing and user growth. The Gurugram-based startup […]

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Neobanking firm Fi raises $45 million in funding led by Alpha Wave Ventures

Fi (previously epiFi), a consumer-focused neo-banking platform, has raised further funds of $45 million in a series C funding round led by existing backer Alpha Wave Ventures. This is the Bengaluru-based startup’s second financing in the previous nine months. The board of directors has approved the issuance of 2,32,980 Series C Compulsory Convertible Preference Shares […]

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