OneAssist Customer Solutions Pvt Ltd, which provides assistance and protection services to customers in areas such as wallets and cards, mobile phones and gadgets, has raised about ₹115 crore ($18 million) in a Series C round. Existing investors Sequoia Capital, Lightspeed Venture Partners and Assurant Inc participated in the round along with new investor Moonstone Investments. The company will use the funds to grow in the categories it operates in and develop new product segments.
Mswipe receives ₹200 crore
Mswipe Technologies Pvt Ltd, a leading independent POS merchant acquirer and network provider, has raised about ₹200 crore ($31 million) in a Series D round from UC-RNT fund, a joint venture between Ratan Tata’s RNT Associates and the University of California, along with existing investors Matrix Partners India, Falcon Edge Capital and DSG Consumer Partners. Mswipe will use the money to develop the network of merchants accepting digital payments.
Fynd gets ₹16 crore
Fynd, a fashion e-commerce portal that sources its inventory directly from the brand store, has closed it Series A round at about ₹22 crore ($3.4 million). It raised about ₹16 crore from lead investor IIFL Seed Ventures followed by participation from Kae Capital, FJ Labs, Singularity Ventures, GrowX, Traxcn Labs and Hong Kong-based Axis Capital in the round. It will use the money to speed up growth, strengthen its tech backbone and optimise operations, including marketing strategies.
Grow Fit closes Series A round
Growth Story-backed mobile health company Grow Fit has raised about ₹30 crore ($4.5 million) in a Series A round led by Manipal Education and Medical Group, the PE arm of the Manipal group. The SAR Group and The Grover Trust, seed investors in Grow Fit, participated in this round. Grow Fit’s plans include expanding solutions to fertility, joint health, stress management, all through the mobile. Our Bureau
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