Aye Finance, a non-banking finance company that lends to micro-enterprises, has raised about ₹70 crore ($10 million) in debt from impact investment firm responsAbility and Northern Arc Capital. It will use the money to boost its lending portfolio and offer affordable loans to micro-enterprises.

Waycool Foods gets ₹120 cr

Chennai-based agri-tech venture WayCool Foods has raised ₹120 crore in a combination of equity and debt from LGT Impact, angel investors and institutional lenders, including Northern Arc Capital and Caspian Investments. It will use the money to scale up operations in the South and West, strengthen its technology platform and reinforce its supply chain.

Matrix Partners secures $300 m

Matrix Partners India, a leading early-stage venture capital firm, has closed its third fund with a committed capital of over $300 million. Matrix Partners India countsleading university endowments, foundations and financial institutions in North America, Europe and West Asia as its investors. Its portfolio includes companies such as Ola, Quikr, Practo, Five Star Business Finance, Dailyhunt, Mswipe and Limeroad.

Sachin Bansal invests in Ola

Sachin Bansal, co-founder of Flipkart, has invested ₹650 crore in cab-hailing app Ola. Part of Ola’s ongoing Series J round of fund raise, Bansal’s investment comes at the same share price as the previous investment by Steadview Capital, at a valuation of around $6 billion.

Turtlemint raises ₹175 crore

Online insurance platform Turtlemint has raised about ₹175 crore in a round led by Sequoia Capital India. Existing investors Nexus Venture Partners and Blume Ventures also participated in the funding.

M12 begins investing in India

M12, Microsoft’s corporate venture fund, has started investing in India with its first investment in Innovaccer, a start-up working to solve data inter-operability challenges in healthcare and helping health systems enhance their clinical and financial outcomes with a data-first approach. M12 will invest in enterprise software companies in the Series A through the Series C funding rounds with a focus on big data and analytics, business SaaS, ML and AI, productivity and security.

Komparify acquires Ireff

Chennai-based Komparify, an online aggregation platform that helps discover the best mobile, DTH and broadband plans, has acquired Bengaluru-based Ireff, an app-based mobile plans platform, for an undisclosed sum.

 

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